Material Handling Equipment - Racks, Conveyors, Carousels, Warehouse Equipment & more.
Dwindling inventories, new orders bring life back to idled mills
By Emily Glazer, MarketWatch
SAN FRANCISCO (MarketWatch) - The U.S. steel industry, hard-pressed by a recession that wreaked havoc in its main markets and forced thousands of layoffs, can now point to several indicators supporting the contention that it’s through the worst of the downturn.
After months of [...]
court entered an order approving bidding procedures for substantially all of the assets of Interlake Material Handling, Inc. and its affiliates. The court also approved the proposed break-up fee and expense reimbursement for the stalking horse bidders for the assets, Mecalux USA, Inc. and Mecalux Mexico S.A. de C.V.,
I have been watching scrap prices over the past few weeks since Chrysler stopped the auction process which was used to create the prime bundles market pricing. According to Steel Business Briefing’s scrap reporter, with whom I converse on a regular basis (who is a steady reader of the Steel Market Update and calls my [...]
Everyone wants to blame “speculators” on the rising price of oil, steel, iron ore and various other commodities. It is an easy way to explain soaring commodity prices. However, the credit crisis may well be the culprit and the problems may continue to exist to years to come.
The way to get prices down for steel [...]
Reference Prices for the week ending June 29th look like this:
Hot rolled coil - prices up $15 per ton ($.75/cwt) to $1,089 per ton($54.45/cwt). Over the past four weeks HR coil has increased $2 per ton ($.10/cwt) or 0.2%.
Cold rolled coil - prices went down $4 per ton ($.20/cwt) to $1,155 per ton [...]
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