| The commissioning of new iron ore capacity combined with a dearth of disruptions to supply have boosted availability of cheap iron ore, which has weighed on prices. In most regions, steel prices have remained low because raw material prices have fallen and competition between steelmakers remains active.
The exception is North America where disruptions to steel production and pent-up demand that has built up following weather-related issues in the first quarter have sent prices significantly higher. Still, this has opened the window for imports, which are likely to weigh on prices before too long......................................Full Article: Source
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