Global steel prices have been in a downward spiral for the past few years. This is mostly due to the fact that the global economy has been struggling with low growth, which has led to a decrease in demand and consumer spending. However, the situation appears to be changing. An improvement in global demand has been seen by many steel manufacturers, who have reverted back to their production levels prior to the 2008 global crisis.

As you may have read in the news, global steel prices have been dropping at an alarming rate. The lowest prices ever recorded in history project to stay this way for quite some time.

What does monetary policy have to do with steel prices? The short answer is "a lot". Monetary policy affects the flow of money into the global economy, which then affects the price of labor and materials. Steel being such a large industry, it has an outsized effect on other commodities as well.

In the last couple of years, the global steel market has faced significant uncertainty and volatility. The world's steel industry was hit hard by a global economic downturn that resulted in overcapacity, high labor costs and a drop in demand. The steel prices have reduced substantially since then.