Steel Product Prices Forecast To Rise Faster Than Raw Steel

As investors look for signs of inflation, a report on a rise in steel prices — and a larger rise in products manufactured with steel — might be cause for concern. With steel prices dropping a dramatic 25.1% in 2009, and then recovering over the next two years, one analyst sees steel prices declining 3.8% in 2014 before rising at an annualized rate of 2.2% per year until 2017. Five key products set to rise in price Researchers at IBISWorld, which publishes 700 US industry reports, identified five key products that will likely undergo accelerated price growth over the next…