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Prices of major steel products are skyrocketing20 September 2022 – Steel prices in South Korea have soared since Typhoon Hinnamnor. In some cases by more than 16% within just a few days. In China, the coming peak season in the construction sector is already looming over steel demand. Other countries announce planned steel price increases. At the same time, prices for steel and stainless steel raw materials continue to rise. Source