Earlier this year, amid political tensions and conflict between Russia and Ukraine, most Ukrainian steel plants suspended production and put their equipment into hot conservation mode. The issue of employee safety was paramount. A steel plant cannot operate during a shelling attack, which threatens both workers and the production facilities themselves. The Russia-Ukraine conflict…
The COVID-19 pandemic wreaked havoc with supply chains. Steel — an essential metal used in multiple manufacturing segments (everything from refrigerators to cars) — was not immune to these disruptions. At the beginning of the pandemic, not surprisingly, steel demand dropped, but it quickly skyrocketed. Prior to the pandemic, steel was priced between $500 and…
You may already be aware that there is a difference between prime steel and secondary steel. Prime steel passes all manufacturing inspection tests and is available on the “primary” raw materials market. In short, anything that doesn’t meet the requirements is placed on the secondary market. Secondary steel can be classified into two categories: used…
Steel is one of the most reliable commodities on earth, with its unquestionable durability and strength. Steel structures provide long-term, stable performance. Steel does not expand or contract with moisture exposure, nor does it warp, split, crack or creep. Steel is typically priced by hundredweight (CWT) — the price per 100 pounds of material. In…
We offer quality steel materials to create the construction materials your customers want when they need them. Steel for Commercial & Residential Materials There is a shift being seen within the construction industry. Builders are recognizing the value and reliability of steel studs for both commercial and residential projects. Businesses that supply quality construction materials…
According to recent reports, steel demand has dropped 44% causing a bullwhip effect. Meanwhile, automotive restart is looming. Source: Various 2-minute read As a result of the COVID-19 pandemic and the nationwide lock-down, the demand for steel dropped 44% since early February. Domestically, Workplace and public restrictions are limiting activities in the construction, automotive, and…
Import permits show a 10% decrease year over year, according to Commerce Department’s SIMA Data Source: AISI 1-minute read According to U.S. Census Bureau data, the U.S. imported 3,135,000 net tons (NT) of steel during January 2020, down 9.9% from January 2019. Finished steel imports for the month stand at 1,633,000 NT, representing a 33.4% decrease…
Source: Metal Center News Many of today’s service center companies began as secondary steel houses, taking material the mills couldn’t sell as prime and finding another use for it. But that pathway is closing, as the current non-prime steel market is a smaller segment that bears little resemblance to the days of old. There remains,…
Import Permits Increase At End of 2019, According to Commerce Department’s SIMA Data Source: AISI 1-minute read According to U.S. Commerce Department data, the U.S. steel import applications for the month of December 2019 totaled 2,308,000 net tons (NT). This is 12.3% more tons than the 2,055,000 recorded in November, as well as 47.8% more than…
Import Permits Continue to Decrease, According to Commerce Department’s SIMA Data Source: AISI 1-minute read According to U.S. Commerce Department data, the U.S. steel import applications totaled 1,864,000 net tons (NT) for November 2019. This is 28.1% fewer tons than the 2,594,000 recorded in October. Import data for finished steel in November was 1,201,000, which is…
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