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Veteran Advisor

Steel prices on the move.

This may be an ag based web site but these changes affect all of us.

I wonder how much of this is being driven by anticipated increases in oil/energy prices?

Notice received today:

The flat roll mills and the tubing mills have all announced additional increases this week.

All of the major flat roll mills have announced a 2.00 cwt. price increase. In response to that

increase and an earlier flat roll increase the tubing mills all announced a 4.00 cwt. price increasethis morning.

Here is a quick summary of the increases we have seen announced over the last month:

 

  1. Flat roll (Sheet, Coil, and Strip Mill Plate) $140 a ton or 7.00 cwt. in increases
  2. Discrete Plate                                                    $100 a ton or 5.00 cwt. in increases
  3. Tubing and Pipe                                                $150 a ton or 7.50 cwt. in increases
  4. Beams                                                                  $30 a ton or 1.50 cwt. in increases

Mini-mill (Angles, Flats, and Channels):  No increase yet.

 

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6 Replies
Advisor

Re: Steel prices on the move.

Don't know but base metal prices- copper, lead, zinc are going crazy- apparently driven by whatever crazy business is going on in China. From what I'm able to determine it is thought to be more specuative than a return to boom times, demand wise.

 

Nickel and moly also up and they're in the basic steel alloy.

 

Also, the US has been giving some relief with sharp tariffs on Chinese steel in some select segments.

 

They may feel like they'll be able to grab some pricing power because the new administration will protect them.

 

Of course that comes right off the bottom line of the industries that use steel unless they can raise prices too.

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Senior Contributor

Re: Steel prices on the move.

Watch the cement price next.  The new prez is a builder and suppliers of materials are jumping on the train.  Just a thought.    

 

 

 

 

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Honored Advisor

Re: Steel prices on the move.

very interesting thread

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Honored Advisor

Re: Steel prices on the move.

Here`s from Behr in Mason  $100 prepared and $80 unprepared.  Last i checked, that was when Hillary was measuring drapes in the White House  Smiley Happy, unprepared was $50.   Back when scrap shot way up to +$250 equipment like Brent gravity wagons went up right away, even if they were built with "cheap iron".   But $100 is a long way to go to $250.    These groves have really gotten cleaned up the past few years, there isn`t the junk there used to be, I don`t know where it`ll come from in the future, maybe the smart people just let their junk sit?

 

http://www.behrim.com/docs/default-document-library/mason-city-pricesheet.pdf?sfvrsn=2

 

 

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Honored Advisor

Re: Steel prices on the move.

Go Steelers!    A seventh super bowl ring would be sweet!     Smiley Wink

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Advisor

Re: Everything is higher and going higher too,

New record high dow again this morning.

 

 

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