US metal and polymer producers rode a wave of hovering costs for his or her merchandise in 2021 because the economic system roared again from the coronavirus pandemic and development exercise boomed. The new constructing market introduced with it an uptick in demand for metal and polymers. However the enjoyable could not final perpetually. Rising rates of interest are tamping down inflation, and the development business is feeling the ache.
S&P International Commodity Insights world polymer lead Kristen Hays and US metallic information editor Nick Lazzaro dive into latest developments in US development exercise, and the way the value swings in polymer and metal markets illustrate that after two red-hot years, the economic system may be lastly cooling down.
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