Commodity prices have seen sharp ups and downs over the past two years. MDM spoke with experts to gain a broad perspective on current trends in key commodity price shifts and forecasts that impact distributors across many sectors. Included in this analysis: copper, iron ore (steel), lumber and gypsum.
Two years ago prices for finished steel and the products needed to manufacture it reached record highs. Price contracts couldn’t keep up with spot price increases and were often abandoned by suppliers.
After just a few months, prices plummeted to lows that made “breaking even” questionable …
