As economies reopen around the world, the price of materials has soared, including the prices of prominent industrial metals. The extent to which these materials’ price rally may vary depending on multiple factors. As a recent study from the IMF and chart shows, metals prices have increased by 72 percent relative to their pre-pandemic levels—reaching
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Why are Metals Prices so High Right Now?
The current state of the steel and metals market is due to many different factors here in America and around the world. This is not only an Allis-Roller issue, but more of a global supply problem that every business and consumer is facing. For a dive into why this is happening we can first look