June 2010

Iron Ore price increase bringing the Steel Industry to its knees Our laments about unjustified price increases and their damage to the economy and the steel industry itself have found their echo in the following interview of Thyssenkrupp CEO Ekkehard Schulz: http://www.spiegel.de/international/business/0,1518,697930,00.html Do read it. The comments are strident and justified about the 100% price […]

Yet another steel bubble??? It is March 2010 and with the soaring temperatures, steel prices are adding to the global warming along with shipping lines playing games to extract freight increases. Unfortunately, we still live in the world of bullying. It is either the big three in iron ore with an 80% price increase, or