When steel costs more, blame flooding in Australia
January 4, 2011

Exceptional flooding in Australia has done serious damage to mining regions in Queensland (the northeastern portion of the country). In addition to affecting an estimated 200,000 people directly, the flooding has closed 75% of the region's coal mines, which produce half of the coal used in the world for making steel. That's undoubtedly going to push up steel prices, at least in the short term. Considering the amount of steel that's used in everything from stainless steel sluice gates to the piping used for aeration systems, and even in pump station control panels, we're going to keep a very close eye on the situation.

January 2011
						1
2	3	4	5	6	7	8
9	10	11	12	13	14	15
16	17	18	19	20	21	22
23	24	25	26	27	28	29
30	31

last revised January 2011