Low steel prices forge hot issues

PublicationNatural resources

The relatively low steel prices and higher prices for iron ore and coking coal are putting pressure on the margins of many steel mills. These mills are forced to focus more on cost efficiency and one way is to purchase cheaper iron ores. However, these ores are much lower quality and processing them requires far more energy. The use of higher volumes of this type of ore will therefore have a negative impact on making the production process more sustainable.