Last updateFri, 19 Jul 2019 2pm


Trends & Forecasts

Feds Project Long-Term Energy Outlook

In its International Energy Outlook 2008 released in July, the Energy Information Administration (EIA) projects two very different futures for global energy markets. The more likely scenario predicts world oil prices of $186 per barrel in 2030, a historically high level that would dampen worldwide growth in energy demand while stimulating development of previously uneconomical energy sources.

No Sign of a Rollback in Global Steel Prices

steel.jpgDon’t look for steel prices to drop anytime soon. A “perfect storm” of economic factors will keep them high for the foreseeable future.

According to data developed by Platts, the U.S. steel price index climbed 75% between Nov. 20, 2006 and May 5, 2008. Platts’ European steel price index is up just over 80% for the same period.

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