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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

Tuesday, September 19, 2023

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

Monday, September 18, 2023

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

Friday, September 15, 2023

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

Thursday, September 14, 2023

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.

Wednesday, September 13, 2023

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

Tuesday, September 12, 2023

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

Monday, September 11, 2023

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...

Friday, September 8, 2023

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

Friday, September 1, 2023

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

Friday, September 1, 2023

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

Thursday, August 31, 2023

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

Wednesday, August 30, 2023

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?

Tuesday, August 29, 2023

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

Monday, August 28, 2023

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...

Friday, August 25, 2023

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...

Thursday, August 24, 2023

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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