Iron, Steel Prices May be Peaking, Journal Says

[Stay on top of transportation news: Get TTNews in your inbox.]

Click here to write a Letter to the Editor.

n oversupply of iron ore may lead to steel price drops, the Wall Street Journal reported Thursday.

Rising steel prices have boosted trucking-related costs for everything from trailers to engines over the past year.

Less than a month ago iron ore producers received 71.5% increases on their contracts, but expansions at mines and smaller companies ramping up production could lower prices by next year, the Journal said.

 

Trending

Newsletter Signup

Subscribe to Transport Topics

Subscribe  Gift a Subscription Gift Subscription

Hot Topics