Increasing steel prices could threaten a range of downstream industries where steel is an essential raw material, including construction, home appliances, cars and machinery. Photo: Xinhua Increasing steel prices could threaten a range of downstream industries where steel is an essential raw material, including construction, home appliances, cars and machinery. Photo: Xinhua
Increasing steel prices could threaten a range of downstream industries where steel is an essential raw material, including construction, home appliances, cars and machinery. Photo: Xinhua
China economy

China’s steel prices spike on record raw material costs, raising inflation fears

  • Nearly 100 Chinese steelmakers adjusted their prices upwards on Monday amid record costs for raw materials like iron ore
  • Although the effect on overall inflation is not yet clear, the spike in steel prices could threaten a range of downstream industries

Topic |   China economy
Increasing steel prices could threaten a range of downstream industries where steel is an essential raw material, including construction, home appliances, cars and machinery. Photo: Xinhua Increasing steel prices could threaten a range of downstream industries where steel is an essential raw material, including construction, home appliances, cars and machinery. Photo: Xinhua
Increasing steel prices could threaten a range of downstream industries where steel is an essential raw material, including construction, home appliances, cars and machinery. Photo: Xinhua
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