News & Announcements
Conflict in Ukraine has triggered global commodity prices to climb including oil, grain, and metals.
Steel prices for most product lines are either at or near all-time highs with hot roll sheet and tube prices in retreat.
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.
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.
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.
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