Steel world sees new pricing mechanisms spring up amid Ukraine-Russia war

New trade settlement methods that are emerging in spot steel transactions against the backdrop of the worsening Ukraine-Russia war may indicate a lasting shift in the global steel marketplace, market sources told Fastmarkets recently.

Ultimately, this could lead to the creation of parallel economies with their own pricing and trade practices, much like their geopolitical counterparts during the Cold War, when the Warsaw Pact...


Paul Lim

March 24, 2022

13:05 GMT