Below is a chart of steel prices from China in Yuan for the past 5 years.
It is about half of what its peak was in 2021.
Even allowing for increased freight costs, the falling Yaun/Renmimbi, its at least 40% lower in AUD terms.
I spent about 10 minutes looking for a mild steel price chart in AUD , but couldn’t find one.
The charts listed at Australian Steel are likewise in prices for other countries.
However, I suspect the steel merchants are doing a nice little earner on it.
Mick
.View attachment 182480
It is about half of what its peak was in 2021.
Even allowing for increased freight costs, the falling Yaun/Renmimbi, its at least 40% lower in AUD terms.
I spent about 10 minutes looking for a mild steel price chart in AUD , but couldn’t find one.
The charts listed at Australian Steel are likewise in prices for other countries.
However, I suspect the steel merchants are doing a nice little earner on it.
Mick
.View attachment 182480
