>Steel Products Higher, No end in Sight!

Steel Products Higher,
No end in Sight!

Steel Prices look high into the future According to a recent marketing bulletin received from Amtrol Inc., the main cause for the upward prices we’re seeing in most things made of steel, is that China and Brazil are shunning the export market in order to satisfy domestic demand. Since these two countries supply such a large part of the international market, many customers are now having to turn to U.S. suppliers. As a result, North American mills are booked to capacity. The bulletin says the cost of iron ore and coke has risen 65% and 100% respectively since late 2007. Throw in the effect of the weak US dollar and the flame of rising prices is shooting ever higher! To date we have not seen shortages or seriously extended lead times for these products