Materials Market Update
Material Market Update, March 2025
Metal markets are beginning to react to the threats and imposition of tariffs since January. We are monitoring the situation closely and will provide updates as more clarity evolves. Metal costs are moving higher. Time will tell how much increase markets will bear as the situation further develops. One thing is clear however, we will not be able to purchase steel at prices similar to late 2024 as we move forward.
Our stocks of 2024-priced steel are nearly consumed. Customers who wish to maintain cost structures at or near 2024 prices will have to order early. Lower cost stock will not be available for long.
Previous Updates
SteelThe spike in most flat steel commodities that came with the Russian invasion of Ukraine combined with the loss of pig iron capacity in the Ukraine is easing. The easing is related to global demand which is cooling and some relaxation of US government imposed tariffs on partner countries in Europe. Prices are still significantly […]
SteelThe moderating trend in the flat steel market which we were enjoying as we heard through February and into March came to an abrupt end when Russia invaded Ukraine. The invasion was met with steep price increase notices from mills. Factors contributing to this are the Arcelor-Mittal closure of its prime pig iron facility in […]