Steel Prices
3 Reasons Steel Prices Skyrocketed in 2020
Raw material prices for steel have increased about 60% from the pre-pandemic low in 2020. Prices in the US are forecasted to continue their upward trajectory through at least the first quarter of 2021, but are expected to soften by mid-year. So what exactly happened? Many businesses faced unplanned shutdowns due to the COVID-19 pandemic, …