Steel pricing is more complicated than you might assume

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Steel pricing is more complicated than you might assume. Steel is a global commodity, and that means the price of steel varies on a daily basis. Prices can be influenced by several factors, including natural disasters, the strength of the American dollar, and the general condition of the world economy. All of which equate to one of the most basic economic rules: supply and demand – the single most important factor in determining the current price of a commodity like steel.

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Post time: Jan-23-2018