A prediction

[bucket]

After seeing pictures of the war in Ukraine, scrap steel prices should decline. And so should steel prices.etc etc etc

[fjlip]

A silver lining? someone always profits

[shtferbrains]

Lots of steel production destroyed in the Donbas region.

[Sodbuster]

The destruction of things in Ukraine will also create demand for metal, so prices will go up.

[quadtrac]

I’d say the opposite to going down is true.
If/when they start rebuilding there’ll be a lot of demand for steel…..

[WiltonRanch]

Lots of steel production destroyed in the Donbas region.

Not only Ukraine but Russia is a sizeable steel producer as well. History tidbit here. Americans when developing the SR71 Blackbird required titanium for the hull of the plane. At the time the only producer of titanium alloy was the Soviet Union. The CIA set up 5 shell companies to procure the supply.

[mcfarms]

Not only Ukraine but Russia is a sizeable steel producer as well. History tidbit here. Americans when developing the SR71 Blackbird required titanium for the hull of the plathats a massive steel mill in Maripol that's been utterly dsne. At the time the only producer of titanium alloy was the Soviet Union. The CIA set up 5 shell companies to procure the supply.

Somebody's been reading Ben Rich's book Skunk works I think . Highly recommended to those that are interested. And that is a massive steel mill destroyed in mariupol.

[shtferbrains]

Somebody's been reading Ben Rich's book Skunk works I think . Highly recommended to those that are interested. And that is a massive steel mill destroyed in mariupol.

Evraz Regina employs about 700
Azovstal employs about 12000. This is the one where the Azov Battalion is making a last stand in old Soviet cold war nuclear bomb shelters.

There is another nearby plant that employs 60000 that took heavy damage.

Thats a lot of steel production out of commission for mid to long term.

[AlbertaFarmer5]

Evraz Regina employs about 700
Azovstal employs about 12000. This is the one where the Azov Battalion is making a last stand in old Soviet cold war nuclear bomb shelters.

There is another nearby plant that employs 60000 that took heavy damage.

Thats a lot of steel production out of commission for mid to long term.

If ag is any indication, I wouldn't judge productivity based on number of employees.

Farms there still seem to have 10's of times more labour than a comparable sized farm here would require.

[Old Cowzilla]

The way the world is set up the loss of any factory producing anything these days means shortage of something for somebody, somewhere. And guess who's gonna pay for that . And according to RB my scrap steel is worth twice as much as it was 2 years ago