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
Steel Demand Forecast Steel demand in 2021 rose to 1.83 billion metric ton (mt) or 2.7%, recovering from a worldwide pandemic stronger than anticipated in several regions. There had been
A detailed report on ocean freight calculation – Allen Timmons Capesize Freighter Image: https://www.seatrade-maritime.com/ S&P Global Platts is the commodity arm of the parent company S&P Global. Platts is a
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,
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
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
P.I.E. stands for Price In Effect. As many of you are finding out, when you go to purchase material you are getting quotes that say PIE. If material is not
What Does it All Mean? President Biden banned oil imports from Russia over the War in the Ukraine on March 8, 2022. Putin recently banned export on raw materials. So,
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
Nickel, used in stainless steel wire and electric-vehicle batteries increased 250% in two days from $11/lb to $50/lb, an unprecedented increase. The stainless-steel sector accounts for around 70% of all global
