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Steel price is unprecedentedly high. What should procurement professionals do? Recent reports show that the steel price skyrockets from late 2020. This all-time high price makes manufacturers and construction companies around the world suffer. This rise is due to growing demands from China, India, the US, Europe and other emerging markets as these markets recover from economic slouch caused by Covid-19. Production curbs in China also contributes to this trend. CARE ratings, a credit rating agency in India, predicts that…