bneGREEN: Surging iron prices are driving up carbon costs for the producers
![bneGREEN: Surging iron prices are driving up carbon costs for the producers](http://d39raawggeifpx.cloudfront.net/styles/16_9_desktop/s3/articleimages/bneGeneric_bneCompany__Russia_steel_hot_metal_factory_worker_NLMK_4_Cropped_1622700121.jpg)
Iron prices have surged to nine-year highs in the post-COVID commodities boom that got underway at the end of last year, but that is now pushing up the cost of carbon for producers and eating into their profits.