Metal costs proceed upward trajectory

Metal costs rose to historic highs within the week ended 16 April, 2021, in response to the worldwide rise in metal costs.

Costs have gone up by ~59% y-o-y within the month (till April 16).

Crude metal manufacturing rose 19% y-o-y (7% m-o-m) to 9.7 mt in March. Metal consumption grew 41% y-o-y to eight.74 mt.

Nonetheless, it declined 6% m-o-m within the month as firms regarded to exports to learn from sturdy world metal costs.

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