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WELCOME CHEAP CHINESE STEEL, DUMP TARRIFS

  PROPURCHASER INSIGHT:  If you’re not happy with today’s Steel prices, you might want to read this article….nothing is simple. Read the full article HERE.   05.22.16 by Boston Globe Columnist Jeff Jacoby China produces more than 820 million tons

COPPER PRICES POST STEEP WEEKLY LOSS ON STRONGER GREENBACK

  NEGOTIATOR’S TAKE: Falling Copper costs means opportunities to negotiate lower prices for electric motors, wiring, and plumbing components.   05.13.16 – Copper loses 3.7% of its value COMEX Copper futures ended Friday’s session nearly unchanged at $2.074 per lb.,

CHINA COMMODITIES SELLOFF DEEPENS AS STEEL POSTS WORST WEEK SINCE 2009

  NEGOTIATOR’S TAKE: Sharp fall in Chinese metals likely means lower prices globally.   May 2016 – Shanghai – Commodity slide spills over into stocks Chinese commodities prices spiraled lower on Friday, with steel futures suffering their worst week since

IRON ORE PRICES HIT A 16-MONTH HIGH, STILL RISING

  NEGOTIATOR’S TAKE: China’s economic growth is once again pushing up metal prices.   If you had been asleep for the last month, woke up this morning and picked up a paper you could be forgiven for thinking you had

CHINA LABOUR COSTS ONLY 4% BELOW U.S.

  NEGOTIATOR’S TAKE:  With China’s labor advantage almost gone, you might want to think about bringing manufacturing work back to the U.S.   03.01.16 – Only a 4% gap between costs A recent report estimates that China’s effective labor costs

STEEL PRICES MOVE UP: COLD-ROLLED vs. HOT-ROLLED SPREAD INCREASES

  NEGOTIATOR’S TAKE: Cold-rolled Steel prices continue to move up – read why.   03.23.16 – Weaker U.S. dollar; higher oil prices Steel prices have been rising since February and, at the same time, we witnessed a broad recovery among industrial

CHINA 2016 STEEL PRICES FALL TO 10%: STANDARD & POOR’S

  NEGOTIATOR’S TAKE: Chinese Steel prices are under downward pressure; this is likely to keep components sourced from China competitive.   03.15.16 – Singapore The average price for steel in China this year could drop 10 percent from 2015 on

FERROUS SUPPLY CHAIN REELING AMID UNPRECEDENTED PRICE HIKES IN STEEL, IRON ORE

  NEGOTIATOR’S TAKE: The surge in Chinese steel prices is bound to put pressure on steel prices globally.   03.07.16 – Precipitous climb in prices The ferrous supply chain reeled March 7 amid a precipitous and unprecedented climb in steel

SPECIALTY STEEL PRICES HIT 9-YEAR LOW

  NEGOTIATOR’S TAKE:  High-strength steel components for construction and other machinery should cost less than before.   Sluggish demand for construction materials TOKYO — Specialty steel prices have fallen to their lowest in nine years due to sluggish demand for

LUMBER PRICES TUMBLE AS CHINESE DEMAND FALLS

  NEGOTIATOR’S TAKE:  Wooden pallets and crating are ripe for re-negotiation because of lower lumber prices.   01.20.16 – Slowing of housing construction and re-modelling the cause Lumber prices are down nearly 30% in the past 12 months as housing