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US execs say high prices here to stay; must be passed on

Record US steel prices, driven by soaring input costs, are unlikely to go down anytime soon, the heads of five high-profile steel and raw materials producers say.

Speaking during a round table discussion Monday at the joint meeting of the American Iron and Steel Institute and the Metals Service Center Institute, attended by Steel Business Briefing, the executives were in agreement that increasing global demand for raw materials and steel are making for volatile times for their customers.

Information courtesy of of Steel Business Briefing []

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