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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

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

CONTSTRUCTION MATERIAL PRICES CONTINUE FREE FALL IN FEBRUARY (2016)

  NEGOTIATOR’S TAKE: Construction costs are falling – good time to renegotiate un-awarded projects.   03.15.16 – Washington, .D.C Construction input prices fell for the eighth consecutive month during February 2016 according to an analysis of the Bureau of Labor

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

LUMBER PRICES JUMP AS TRUDEAU-OBAMA MEETING FUELS HOPES FOR TRADE PACT

  NEGOTIATOR’S TAKE:  With wood prices rising, now is probably a good time to renegotiate pallet and crating contracts.   03.11.16 – Lumber prices touch 8-month high after state visit Prime Minister Justin Trudeau raised expectations that the latest chapter in

LOWER HRC STEEL PRICES AVAILABLE AS WEAKNESS PERSISTS (U.S.)

  NEGOTIATOR’S TAKE: Steel prices are still under pricing pressure.   February 2016 – Pittsburgh US hot-rolled coil prices remained under pressure earlier this month as buyers noted sub-$400/st spot availability from certain mills for larger volume buys. Platts maintained

NUCOR CORP PROJECTS GROWTH IN 2016

NEGOTIATOR’S TAKE:  More signs U.S. steel prices may have bottomed – good time to consider locking in supply. Steel prices have been under considerable pressure from imports Like all U.S. steelmakers, Nucor (NYSE:NUE) has been under pressure from imports, and

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

CONSTRUCTION MATERIALS PRICES STILL IN FREE FALL

  NEGOTIATOR’S TAKE:  Construction material costs continue to fall – a good time to ask your contractor to re-quote or perhaps go back to the market for fresh bids.   01.15.16 – Bureau of Labour Statistics Producer Price Index Reports