Strait of Hormuz - US Oil Increase?
If the US produces 70-80% of its own oil, why would an oil disruption in the Strait of Hormuz affect our oil prices? The answer lies in global commodity markets.
News
Steel industry news and market updates
Steel Wire Prices 2026: What's Actually Happening and What Smart Buyers Are Doing About It
"I just got off the phone with three procurement managers this morning. Every single one asked the same question: 'Are wire prices going up or down in Q1?' Here's the honest answer - and it's not what m
Domestic vs. Imported Wire Sourcing: The Real Math Behind Every Purchase Decision
A procurement manager in Phoenix thought he found a goldmine - steel wire from an Asian mill at $0.38 per pound, versus $0.52 domestic. He placed a 20-ton order. By the time he added ocean freight, Se
Navigating the Impact of US Inflation, China's Economic Rise, and US Elections on Wire Pricing: Insights on Layering Pins and H Stakes
Introduction: In the ever-evolving landscape of wire pricing and product availability, it's essential for businesses and customers alike to stay informed about various factors that can influenc...
Steel Demand Forecast for Q1 2024
As we step into the first quarter of 2024, the global steel industry is poised for a year that promises both challenges and opportunities
Ocean Freight Cost Forecast 2023
The ocean freight industry is the lifeblood of global trade, connecting continents and facilitating the exchange of goods that sustain econo.
Wire Pricing Update, Q3, Q4 2022
So where do we see wire pricing for the rest of Q3 and Q4, 2022? From all indications, the wire market is softening. For our domestic wire mills, including NAFTA mills (Canada and Mexico) we ex...
Steel Demand Forecast 2022 & 2023
Steel Demand Forecast 2022 & 2023 - Allen-Timmons Steel demand in 2021 rose to 1.83 billion mt or 2.7%, recovering.
Amended TCE Ocean Freight Calculations By Allen Timmons
A detailed report on ocean freight calculation by Allen Timmons, covering capesize freighter rates, S&P Global Platts commodity data, and TCE calculations for the maritime industry.
Steel Imports Up 43% in 2021
According to the Census Bureau data released in February 2022, the American Iron and Steel Institute (AISI) reports that the US imported 31,476,000 net tons (NT) of steel in 2021, including 22,770,000...
Western Steel & Wire Commitment to Stay in California
Are businesses leaving California? According to Forbes, from Jan 2018 to June 2021, 265 business headquarters have relocated out of California or an average of six per month and this is an undercou...
Wire Pricing Update
Where do we see wire pricing and lead times for the end of Q2 and beyond? From all indications and research, we see price and lead time increasing. During the week of 3/14, steel rod producers ...