The Section 232 launched by President Donald Trump's administration investigating how steel imports affect the national security of the United States represents a dramatic shift in trade policy from all previous US administrations. With the President tackling steel dumping from a national security standpoint rather than a traditional trade case one, the findings of this investigation could drastically affect down stream customers steel customers of all types when they come out.
Whether or not hot rolled steel, cold rolled steel, galvanized steel, or diamond plate prices alter drasitcally remains to be seen. Click on the link above to keep reading and learn more.
The American populace witnessed significant debate on the domestic steel economy this Presidential election for this first time in many election cycles. While this focal point was welcomed by those in the industry stateside, many began to wonder exactly how each candidate would look at and shape trade policy and ultimately the steel market.
What long term affect will the new Presidential administration and policies have on pricing in the flat rolled steel market!? Click on the link above to keep reading and learn more.
Recent market and political developments have led to multiple price increases in flat rolled carbon steel over the past few weeks. Domestic mill prices on hot rolled carbon steel have increased by over 3.00 cwt alone over the past few weeks, leading to an uptick in orders and extending lead times to at least a month from previous lead times of at least two weeks.
Where is the market going for the remainder of 2016 and Q1 of 2017? Click on the title above to keep reading and learn more!
In the past month, flat rolled steel sheet and plate prices have surged higher than they have been in over a year. Manufacturing and steel distribution warehouse purchasers have been left wondering if prices will continue to increase; and, when the market will flat-line.
It may be a ways off before we see a plateau in flat rolled steel sheet and steel plate prices; and, many experts believe that there may be more potential price hike increases as the steel market waits for scrap price announcements. Click on the title above to keep reading and learn more!
In recent weeks at Camden Yards Steel, we have continued to keep tabs on market prices trending upwards in the hot rolled, cold rolled, and hot-dipped galvanized steel categories. It no longer seems to be a question of whether or not the market prices on hot rolled steel will increase. Instead, the question is how high prices will continue to climb before plateauing.
While there are a few skeptics, industry experts believe we are a ways off from seeing a plateau because of several factors including increased lead times by mills, less mill capacity, low market inventories, and more difficult access to foreign material. Click on the title above to keep reading and learn more!