Steel Prices May Be Heading Higher in the Near Future | GlobeSt

2022-09-10 01:54:38 By : Mr. gongda fan

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Global steel prices may be on the rise again, which is bad news for construction and commercial real estate, especially in such asset classes as industrial, retail, and larger multifamily.

T.V. Narendran, CEO of Indian producer Tata Steel, told CNBC that prices for the material could be “much higher”—more than $600 a metric ton—in the near future.

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