Material Handling Equipment - Racks, Conveyors, Carousels, Warehouse Equipment & more.
U.S. Steel has been informing their customers of a price increase on all flat-rolled products. The increase is $40 per ton ($2.00/cwt) over their existing spot prices.
This puts the Hot Roll spot base at $55.00/cwt ($1,100 per ton), Cold Rolled at $60.00/cwt ($1,200 per ton), Galvanized at $61.00/cwt base ($1,220 per ton) and Galvalume at [...]
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 [...]
