BBC NEWS | Business | Material costs ‘hit steel firms’: “Steel production could be cut across the world following a rise in the cost of raw materials,
[…] firms might be forced to concentrate production on the most profitable products if they cannot pass cost rises on to customers.
An increase in the demand for steel in China had forced the cost of raw materials up by 22% last year, it said.
there [is] a ‘real risk of steel shortages developing’. “
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