Peerless Steel Newsletter

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January, 2012

Scrap Prices Will Jump In January
The domestic scrap surcharge will rise in January aer a dip in December. It will jump $2.75/cwt back up to $17.25/cwt, marking a complete recovery from December’s $14.50/cwt number. The jump is a*ributed to reluctance by dealers to sell scrap in December at lower numbers, coupled by strong domestic and foreign demand... (More)

Base Price
In November, domestic mills announced a base price increase of $50/ton on all carbon and alloy non-plate products. Initially, the increase struggled to gain trac on and was pushed back to January 1, 2012... (More)

Avg Inv Cost At All-Time Highs
Average cost of service center inventories are at all-time highs heading into 2012. Although scrap alone never reached 2008 levels, the combination of scrap and base price increases have matched the market peak in August 2008... (More)

Plate Prices To Increase Another $50/Ton
SSAB Americas and Mi*al have announced another $50/ton base price increase on all transaction prices for carbon and alloy plate. The increases will go into effect January of 2012. Although not confirmed, heat treated prices could go up more than the original $50/ton announcement. This follows another $50/ton increase that took place in December.

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Earlier Newsletters

November, 2011
June, 2011
May, 2011
February, 2011
January, 2011
December, 2010
November, 2010
October, 2010
September, 2010
August, 2010
July, 2010
June, 2010
May, 2010
April, 2010
March, 2010
February, 2010
January, 2010
December, 2009
November, 2009
October, 2009
September, 2009
August, 2009
July, 2009
June, 2009