Environment and Energy
May 26, 2020
CRU: How the Oil Price Shock is Impacting Steel Costs
Written by Ryan Smith
By CRU Analysts Ryan Smith, Andrew Gadd and Ben Carstein
Oil markets have had a torrid 2020, with the combination of demand losses due to Covid-19 and the breakdown of coordination between major producing countries resulting in plummeting prices. In this Insight, we assess how the oil price shock influences steelmaking costs through both raw material prices and the direct mill impacts.
