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.