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 international metal costs.