Steel industry news and market updates
What Does it All Mean? ArcelorMittal's steel plant in Kryvyi Rih, Ukraine, has been operating at a third of capacity since the outbreak of war. PHOTO: VINCENT MUNDY/BLOOMBERG NEWS President Biden...
Why do Surcharges exist on Stainless Steel? The purpose of the surcharge is offset the rapid increase and fluctuating costs of raw materials included in each individual alloy. The alloy surcharge is ...
Nickel, used in stainless steel wire and electric-vehicle batteries increased 250% in two days from $11/lb to $50/lb,
When shipping to and within the continental US, it is important to consider all the factors when selecting whether to ship Intermodal or Truck. Intermodal freight (INU) involves moving freight by t...
On 2/28/2022, we published a blog stating that we expected wire pricing and lead times to stabilize and potentially start to decline to begin the 2nd quarter, 2022. We also stated that our industry is...
The market for first quarter 2022 has been volatile and now with the attack on the Ukraine it could get even more volatile should crude oil prices increase, but here is what we know thus far. ...
Ocean freight charges have reflected difficulties with lack of limited container space, port congestion, truck shortages and increased freight rates. The blockage of the Suez Canal led to a financia...
Ocean freight charges have reflected difficulties with lack of limited container space, port congestion, truck shortages and increased freight rates. The blockage of the Suez Canal led to a financia...
Since Q42020 the price of steel has risen to unprecedented rates. Even with the US steel industry fighting to keep tariffs in place, an ongoing rise in steel are eating away at profit margins. Is reli...
The market for first quarter 2022 has been volatile and now with the attack on the Ukraine it could get even more volatile should crude oil prices increase, but here is what we know thus far. • N...
As many of you know, wire pricing and lead times have jumped significantly over the last year, 2021. On average, we saw price increases approaching 60% for some materials and lead times increasing to ...
Since Q42020 the price of steel has risen to unprecedented rates. Even with the US steel industry fighting to keep tariffs in place, an ongoing rise in steel is eating away at profit margins. Is reli...