Most likely there will be large increases in steel because there will be large increases in the raw ore.This is down to bhp & rio tinto negotiating higher prices with china in the next few months.This will have a knock on effect to everyone because the other suppliers will be able to increase their prices upto or just below the bhp benchmark price negotiated as steel suppliers will have to pay it because they will not be able to get it any cheaper from anyone else.
Just as a note i work as a contractor to one of said large companies so this scenario is true unfortunately.
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