Record Steel Prices Inject Life Into Long-Suffering Industry
- Analysts predict blockbuster earnings for steelmakers
- China curbs could fuel ‘renaissance’ among Western mills
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There’s rarely been a better time to be in the steel business.
Prices have boomed worldwide this year, smashing record after record. Roaring industrial demand is propelling those rallies, with plants straining to boost supply after lying dormant during the pandemic. On top of that, powerhouses China and Russia are trying to limit exports to help other industries at home.