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The American Supply Association is committed to giving its members of the PHCP / PVF industry the ability to adapt, grow & succeed.

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The American Supply Association is committed to giving its members of the PHCP / PVF industry the ability to adapt, grow & succeed.

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ASA Commodities Feed

Currently, China is the world's leading consumer of steel. A potential energy shortage could have an impact on steel prices if it becomes too cost prohibited to produce steel. #Thursday #Commodities #Steel

HRC Steel Update from @MarketWatch: $707.00, +1.00, +0.14% #commodities #HotRolledCoil

Copper Update from @Nasdaq: $3.801, -0.0205 (-0.54%) #Copper #Monday

Nickel Price Update: As of September 13th, the price of Nickel per lb: $9.0074, while just the day before, the pricing per lb was listed at $8.9283.

#commodites #Friday

Led by a decline in softwood lumber and steel mill prices, overall building material prices fell in September with the notable exception of ready-mix concrete, which continues to grow at a rapid clip.

Commodity Update from @OilandEnergy:

Oil: $89.17, +0.27%

BRENT: $92.34, +0.28%

NAT GAS: $2.734, -0.009%

ETHANOL: $2.16, 0.00% #Wednesday #PVF

On a global basis, OPEC+ cuts in production are still expected to continue through September and into October.

Stainless Steel Pipe & Fittings: There continues to be solid activity in some of the industry sectors like oil and gas, chemical and petrochemical. The overall raw materials remain a bid softer as nickel continues to hover at or near $9.00 as the China market remains...

A potential energy shortage could have an impact on steel prices if it becomes to cost prohibitive to produce steel. That is likely a far-off scenario. #Friday #Commodities

Carbon Steel Fall Factor #2: A big factor is that supply fears have all but disappeared even with a near-global slowdown of steel production. China’s demand is also slowing. Currently, China is the world’s leading consumer of steel. #Commodities #friday
Carbon Steel Fall Factor #1: Ukraine has been corrected as Russian exports of both steel and iron ore products have been supplanted by other nations.  #Commodities #friday
Carbon Steel Pipe Update: From a mid-July high of $983.00, hot-rolled coil carbon steel pricing has fallen below $730.00 per ton. And few factors go into this precipitous fall... #commodites #HRC #Thursday

Steel Update: From the Distributor Side With steel products softening, it puts the wholesaler in a bit of a pickle. Smaller wholesalers with little inventory can broker their way into projects. The question is when is the right time to change the price?

The Federal Reserve followed through with a quarter-point hike in July but is expected to pause at the next meeting in September. #commodities #Tuesday

Fuel prices are mixed. Diesel prices were $4.36 a gallon at the time of writing ($3.90 a gallon in the last briefing), which was $.61 cents per gallon lower than last year. Gasoline in comparison was $3.85 per gallon at a national level, which is now just 3 cents a gallon...
High-pressure forged steel fittings: There have been no price increases announced by any of the major domestic forged steel manufacturers on A105, 304L or 316L. Availability of finished goods is stock to 2 weeks. Raw material prices have remained stable, and availability is...
Copper Update from Nasdaq: $3.8375 +0.049 (+1.29%), 52 Week High: 4.2675 52 Week Low: 3.2835 #Copper #Thursday

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