Rising Steel Prices Threaten Wind Turbine Production

Via AG Metal Miner The Renewables MMI (Monthly MetalMiner Index) began showing signs of a possible reversal month-over-month, edging up 3.42%. Renewable resources, meanwhile, continue to see significant global investment. MetalMiner noted in its Raw Steels MMI that steel prices found a bottom month-over-month.

This impacted the renewable resources index heavily. After all, much of the index consists of steel plate, one of the main components for manufacturing wind turbines. Other parts of the index, like silicon, dropped in price. This could have…