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Steel prices plunged in 2008 because of a sharp decrease in demand and industry de-stocking as users relied on their own inventories as long as possible. By 2011 Cheap Brandon Mebane Jersey , steel prices were increasing due to higher demand and higher costs for raw materials like iron ore and coking coal. Steel production in China is higher than China's domestic demand for steel, and surplus steel from China impacts world prices. Steel prices are affected by both worldwide and nation-specific economic factors, as many countries have slowed infrastructure investment.

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