News & Announcements
Market Overview – Mid March 2022
Conflict in Ukraine has triggered global commodity prices to climb including oil, grain, and metals.
Market Overview – Mid January 2022
Steel prices for most product lines are either at or near all-time highs with hot roll sheet and tube prices in retreat.
Market Overview – Mid November 2021
Steel prices for all major product lines are either at or near all-time highs. Scrap prices are expected to increase in the coming 30 days.
Market Overview – Mid August 2021
Steel prices for all major product lines continue to increase with multiple price increases issued over the last several months. At a minimum, mill prices have increased since early Jun ’21 by $375/ton for tube, $320/ton for coil, $240/ton for plate, $160/ton for merchant bars, $110/ton for beam and $80/ton for rebar.
Market Overview – Early June 2021
Steel prices for all major product lines continue to increase with multiple price increases in Apr and May ‘21. Sheet, tube and plate have logged the largest gains over the last several months with cumulative price increases ranging between $890 and $1,175/ton.
Market Overview – Late April 2021
The AMM shredded scrap index for Chicago decreased to $430/GT, down $20/GT, from $450/GT achieved in early Mar ’21. The index is up $195/GT since late Aug ’20. Scrap prices have firmed and recently. Some market participants are expecting a modest price increase in the next 30 days
Market Overview – Early March 2021
Steel prices for all major product lines continue to increase in the past several weeks. Sheet, tube and plate have logged the largest gains over the last several months with cumulative price increases ranging between $630 and $825/ton.
Market Overview – Late December 2020
Steel prices for all major product lines have increased dramatically in Dec ’20 with nearly all mills announcing two distinct price increase for the month. Sheet, tube and plate have logged the largest gains over the last several months with cumulative price increases ranging between $450 and $525/ton.
Market Overview – Early December 2020
Steel prices for all major product lines have increased significantly in Nov ’20 and early Dec ’20. Sheet, tube and plate have logged the largest gains over the last several months with cumulative price increases ranging between $350 and $425/ton.
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