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Impact of looming inflation

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Policymakers should work out measures to ensure price stability

Various commodity prices are surging, sounding the alarm for crucial industries, including manufacturing and construction. For example, iron ore prices topped $200 per ton last Thursday, pushing the prices of steel products, such as hot-rolled coils, pipes and plates, to record-high levels. Some construction sites had to suspend work due to the scarcity of rebar.

Faced with the price surge of commodities following semiconductors, the profitability of primary manufacturing industries, such as cars and home........

© The Korea Times

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