Final Thoughts
March 10, 2022
Final Thoughts
Written by Tim Triplett
In his remarks during Wednesday’s Community Chat, Johnny Sjöström, the top executive at SSAB Special Steels, suggested that the fighting in Ukraine will make nations more gun-shy about becoming too dependent on their foreign trading partners. Nations in Europe and many other parts of the world are scrambling to maintain production without the exports of steel and steelmaking raw materials from Russia and Ukraine. Prices for iron ore, scrap, slabs, pig iron and other commodities are spiking dramatically. No doubt, when the smoke clears, countries will take a step back from this latest unimaginable calamity (first a pandemic, then a senseless war, what’s next?) and reassess their vulnerabilities.
