Tuesday, February 19, 2008

Iron price up 65% for Asian firms

the title of my article is Iron price up 65% for Asian firms and talks about the increase in the price of the iron for asians construction companies. Asia is one of the biggest importers of iron and steel of the world and this increase in the price will affect not only the construction companies but also the car and products companies by increasing the shipping costs and transport.

In my opinion this is a big problem for Asia because they produce so many things and they have a big world market and if the materials increases the prices will too. this problem will affect also the economy because the world is growing and this kind of events are going to still happening with others materials so we have to be carefull.

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