It seems like we hear about another record commodity price on a daily basis. Yesterday alone, we read about world record oil prices and a ten-fold increase in potash prices, which are helping drive up food costs. The interconnectedness of the global economy has never been more evident than in the past months.
Now, it appears the costs of cars, washing machines and anything else made with steel, are going up because January floods in
Japanese steel makers are paying $300 per ton of coal from the
Coking coal prices may continue to rise into next year because the Australian damage is so widespread.