NPR logo

Steel Prices Soar on Chinese Demand

  • Download
  • <iframe src="https://www.npr.org/player/embed/1791954/1791955" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
Steel Prices Soar on Chinese Demand

Business

Steel Prices Soar on Chinese Demand

Steel Prices Soar on Chinese Demand

  • Download
  • <iframe src="https://www.npr.org/player/embed/1791954/1791955" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

World steel prices continue to rise at an unprecedented rate, driven largely by China's massive economic development. The sharp rise has surprised analysts, who predicted when the Bush administration ended steel-import tariffs last December that steel prices would drop or remain level. NPR's Jeff Brady reports.