2021 Q2 Supply Market Outlook

Industrial commodity pricing levels remain at an all-time high.  In the past three months, copper has been consistently over $4.00/lb. (new record) and steel has set a new all-time price record every week. Currently, the CRU price (most trusted and established price source) for steel is $1328/net-ton.  While this is 25% higher than our previous… Continue reading 2021 Q2 Supply Market Outlook

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Market Alert

 03/16/21 Market Alert – Industrial Commodities / Domestic Weld Industrial commodities remain at all-time highs.  Steel industry analysts continue to push out the forecasted “peak” of steel prices.  Currently, spot market hot rolled coil (“HRC”), used to make steel welded pipe, is 26% higher than the previous all-time high of 1070/ton set in 2008. While steelmakers… Continue reading Market Alert

Market Alert

02/22/21 Market Alert – Industrial Commodities Industrial commodities are currently at record highs.  This price run continues for steel and copper. The price of hot rolled coil (“HRC”), used to make steel welded pipe is at an all-time high!  The current mill disclosed “HRC” price of 1168/nt is 9.1% higher than the previous record of… Continue reading Market Alert