The last steel beam is hoisted into place at the Theodore Roosevelt Presidential Library in Medora on Aug. 14, 2024. (Michael Achterling/North Dakota Monitor)
In Japan, steel is now cheaper than water. The average price of a 1-liter bottle of mineral water reaches 156 yen (US$1.09) while the average distribution price for 1.6 millimeter cold-rolled steel sheets comes in at 1441,500 yen per ton, which breaks down to 141.5 yen per kilogram. That is 15 yen cheaper than a kilogram of water. Iron being cheaper than water is one of those “early Pokémon gym” situations, and is only the result of the closure of a number of blast furnaces across the country.
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