{"id":233814,"date":"2021-10-21T17:37:47","date_gmt":"2021-10-21T09:37:47","guid":{"rendered":"https:\/\/charltonsnaturalresources.com\/?p=233814"},"modified":"2023-06-27T16:54:29","modified_gmt":"2023-06-27T08:54:29","slug":"price-of-steel-rapidly-increasing","status":"publish","type":"post","link":"https:\/\/charltonsnaturalresources.com\/zh-hans\/price-of-steel-rapidly-increasing\/","title":{"rendered":"Price of steel rapidly increasing"},"content":{"rendered":"[et_pb_section fb_built=”1″ admin_label=”CNR NEWSLETTER” module_class=”cnl-wrapper” _builder_version=”4.16″ locked=”off” global_colors_info=”{}”][et_pb_row admin_label=”Header” module_class=”cnr-nl-header” _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text admin_label=”Header” _builder_version=”4.16″ global_colors_info=”{}”]
\r\n
NATURAL RESOURCES<\/div>\r\n
News<\/div>\r\n<\/div>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”Logo” _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text admin_label=”Logo” _builder_version=”4.16″ global_colors_info=”{}”]
\r\n\"Charltons\r\n<\/div>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”Banner” _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text admin_label=”Banner” _builder_version=”4.16″ global_colors_info=”{}”]
\r\n
\"Price<\/div>\r\n
\r\n
\r\n10 \u6708 2021<\/span>\r\n

Price of steel rapidly increasing<\/h1>\r\n\r\n<\/div>\r\n\r\n<\/div>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”Text” _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”]

The lack of supply for steel has US companies scrambling to produce cans, metal desks and filing cabinets, Peloton bikes and cars as prices have shot up to $1940 a ton this September compared to $560 for both 2019 and 2020. A US government index tracking steel and iron saw an unprecedented relative increase of nearly 100% increase this August compared to 2020. Manufacturers have stated that the demand for manufactured goods has remained high, despite tariffs on imported steel implemented by the Trump administration and continued by the Biden administration resulting in higher steel prices, passed on directly to the consumer. Looking to the future, US steel producers have invested in newer, more efficient mills that produce steel with lower operating costs, which should result in lower costs for consumers as older, high cost mills are gradually phased-out. Such new mills are expected to increase annual domestic sheet-steel production by some 15%. In the meantime, companies are hedging against future increases by creating multiple orders stretching to delivery in 2022, as opposed to their previous practice of ordering a few months in advance. <\/p>\r\n\r\n

Source: https:\/\/www.wsj.com\/articles\/high-steel-prices-have-manufacturers-scrounging-for-supplies-11631698202<\/a><\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”Button Navs” _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text admin_label=”navs” _builder_version=”4.16″ global_colors_info=”{}”]

\r\n
<\/span>Financial institutions adopt IPCC targets<\/a><\/div>\r\n
Zijin Mining invests in lithium<\/a><\/span><\/div>\r\n<\/div>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”Legal Advice” _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text admin_label=”Legal Advice” _builder_version=”4.16″ global_colors_info=”{}”]
\r\n

This newsletter is for information purposes only.<\/h3>\r\n

Its contents do not constitute legal advice and it should not be regarded as a substitute for detailed advice in individual cases.\r\nTransmission of this information is not intended to create and receipt does not constitute a lawyer-client relationship between Charltons and the user or browser.\r\nCharltons is not responsible for any third party content which can be accessed through the website.<\/p>\r\n

If you do not wish to receive this newsletter please let us know by emailing us at unsubscribe@charltonslaw.com<\/a><\/p>\r\n<\/div>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row disabled_on=”on|on|on” admin_label=”Footer” _builder_version=”4.16″ disabled=”on” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text admin_label=”Footer” _builder_version=”4.16″ global_colors_info=”{}”]

\r\n
\r\n
\r\n \r\n

Boutique Transactional Law Firm of the Year 2020<\/h2>\r\n Asian Legal Business Awards<\/span>\r\n <\/div>\r\n <\/div> \r\n<\/div>\r\n
\r\n
Hong Kong Office: Dominion Centre, 12th Floor, 43-59 Queen\u2019s Road East, Hong Kong Tel: + (852) 2905 7888 Fax: + (852) 2854 9596<\/div>\r\n
Website: https:\/\/www.charltonslaw.com<\/a><\/div>\r\n<\/div>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]","protected":false},"excerpt":{"rendered":"

NATURAL RESOURCES News 10 \u6708 2021 Price of steel rapidly increasing The […]<\/p>\n","protected":false},"author":1,"featured_media":234204,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"fifu_image_url":"https:\/\/charltonsnaturalresources.com\/legal\/news\/2021\/10\/price-of-steel-rapidly-increasing-thumb.jpg","fifu_image_alt":"Price of steel rapidly increasing","footnotes":""},"categories":[23],"tags":[46],"class_list":["post-233814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-https-charltonsnaturalresources-com-legal-news-2021-08-mineralised-zones-found-in-botswana-thumb-jpg","cat-23-id"],"_links":{"self":[{"href":"https:\/\/charltonsnaturalresources.com\/zh-hans\/wp-json\/wp\/v2\/posts\/233814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/charltonsnaturalresources.com\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/charltonsnaturalresources.com\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/zh-hans\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/zh-hans\/wp-json\/wp\/v2\/comments?post=233814"}],"version-history":[{"count":5,"href":"https:\/\/charltonsnaturalresources.com\/zh-hans\/wp-json\/wp\/v2\/posts\/233814\/revisions"}],"predecessor-version":[{"id":234203,"href":"https:\/\/charltonsnaturalresources.com\/zh-hans\/wp-json\/wp\/v2\/posts\/233814\/revisions\/234203"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/zh-hans\/wp-json\/wp\/v2\/media\/234204"}],"wp:attachment":[{"href":"https:\/\/charltonsnaturalresources.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=233814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=233814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=233814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}