News & Announcements
Scrap prices decreased $50/GT in the past month and are expected to soften again in the coming 30 days, but may start to reverse course by midwinter due to seasonal trends.
Domestic steel prices are not expected to increase in the coming month and may soften in some product lines based on a mix of increased supply and lower input costs.
Domestic price increases were made by select mills for both plate and sheet in Aug ’14, whereas, no other price changes were announced by tube, merchant bar, or beam mills.
Farwest Steel is looking for talented and motivated sales, operations and manufacturing professionals to join our team. We are growing and adding new locations and investing in new equipment to support our customers across the Western US.
Farwest Steel Corporation is pleased to announce our expansion into a new facility with additional steel processing capabilities in Moses Lake to better serve central and eastern Washington.
Domestic carbon price announcements made by domestic plate mills were up in Jun ’14 with extended lead times, sheet and tube mills in the Midwest have experienced downward price pressure, whereas, and merchant bar and beam mills have left prices unchanged for Jun ’14.
With the acquisition of four new pieces of capital equipment, Farwest Steel is making a significant investment in increasing our plate and sheet processing capacity.
Watch the time lapse video of the construction of our flagship facility in Vancouver Washington.
Carbon price announcements made by domestic plate and sheet mills were up in Apr ’14 with extended lead times. Tube prices are also rising based on increased sheet costs, but merchant bar and beam prices remained flat. Scrap prices increased by $10/ton in early Apr ’14, but are expected to move sideways in May ’14.
Carbon price announcements made by domestic mills were comprehensively up from October 2013 through January 2014. Some mills have announced additional increases for beam and merchant bar products in March 2014, whereas, pricing deterioration has occurred in sheet products in the past month.