Browse tag

steel

Home / Posts Tagged "steel"

Latest Posts

Don’t Sweat the Details – It’s the Direction that Counts

Years ago, while working for Green Giant, I phoned our steel can sales rep to ask for a 4% reduction. We had information suggesting steel prices had fallen 8%. He certainly wasn’t very happy and, as expected, argued against any

Rack Up Savings

Stan Hankowski, a seasoned Buyer with a major American retailer tells an intriguing story that shows how Purchasers can help themselves by helping their suppliers. He went to market last year to buy steel racking. He expected higher prices because he’d

STEEL INDUSTRY MID-YEAR REVIEW: Can the Party Continue?

A PROPURCHASER INSIGHT:  Here’s why Steel prices are up so much over the last 6 months – from author Mike O’Hara | Steel Industry Mid-Year Review: Can the Party Continue?   |   07.11.16 – Steel industry mid-year review – In

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

STEEL MILLS BOOSTING PRICES: COLD-ROLLED COIL HITS A ONE-YEAR HIGH

  NEGOTIATOR’S TAKE:  With cheap imports gone, North American steel makers keep raising prices.   04.18.16 – Trading barely above multiyear lows Steel is being a different animal this year. While metals such as aluminum, copper and nickel are trading

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

US FLAT-ROLLED STEEL PRICES INCREASE FOLLOWING HIKES

  NEGOTIATOR’S TAKE:  Steel prices at mills may have bottomed out so now might be a good time to lock in pricing for products and components.   1.14.16 – Upward momentum on the back of more price hikes Hot-rolled and

U.S. FLAT-ROLLED STEEL PRICES UNCHANGED

NEGOTIATOR’S TAKE:  Falling steel prices mean opportunities continue to negotiate prices reductions for steel components.   U.S. hot-rolled and cold-rolled steel coil prices were still under pressure on Monday with many anticipating further declines but current levels were unchanged.  Platts

IRON ORE PRICES DROP AGAIN

IRON ORE exports from Port Hedland, Australia – the world’s largest iron ore port – hit a record high in June 2015 as global prices continue to fall. NEGOTIATOR’S TAKE: More downward pressure on steel prices, especially in China. Figures

North American steel at 2-year highs; not true in China and Europe

Steel prices in Asia and Europe are at around 4-1/2 year lows, partly thanks to falling raw material costs like iron ore, but also oversupply built up since the 2008 financial crisis. However, in North America, prices are near two-year