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Top News In ரா இரும்புகள் மாதாந்திர உலோகங்கள் குறியீட்டு Today - Breaking & Trending Today

Steel price rise continues, but could we be nearing a peak?

The
Raw Steels Monthly Metals Index (MMI) ticked up 2.0% for this month’s index reading, as the pace of steel price rises has started to slow.
The MetalMiner team will be presenting a commodity forecast for copper, aluminum, stainless and carbon steel on Wednesday, March 24, at 10 a.m. CDT: https://zoom.us/webinar/register/WN 6J8wAyYySfihVk3ZUH9yMA.
Steel price gains appear to slow
Steel price rises have continued, much to the chagrin of buyers battling for hard-to-get supply.
However, the pace of the price gains has started to slow.
“The percentage of increase week over week seems to be getting smaller,” said Don Hauser, MetalMiner vice president of business solutions. “This may be a sign the peak is near. Short term, it is likely going to continue to rise, just at a slower pace. Steel prices may remain supported unless/until new production capacity comes back onstream, and some will get added this year.” ....

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US steel prices rise as Chinese prices cool ahead of Lunar New Year

US steel prices have continued to rise in 2021, as buyers continue to grapple with long lead times and difficulty securing materials. ....

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Steel prices continue to make gains in final month of 2020

The
Raw Steels Monthly Metals Index (MMI) increased by 16.5% this month, as steel prices showed strength in December.
U.S. steel events
The American Iron and Steel Institute, the Steel Manufacturers Association, the United Steelworkers union, the Committee on Pipe and Tube Imports and the American Institute of Steel Construction sent a letter to Joe Biden urging him to keep the 25% national security tariffs on steel imports that were imposed in 2018.
The industry groups emphasized that the tariffs are essential “to ensure the viability of the domestic steel industry in the face of this massive and growing excess steel capacity.” ....

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