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Industry Update 5/24/2017

HR:  Drops another couple bucks a ton, or just a dime a cwt….Falls from $607 ($30.35) to $605 ($30.25)….Last time INDEX was under $600/ton or $30.00/cwt was the very first week of the year.  Guessing next Wednesday will crack that barrier… CR:  Falls $14/ton, or $0.70/cwt…..Now at $804 ($40.20)…..Gotta go back to early December when …

Steel Update May 17, 2017

INDEX:  Big drops again HR:  Fell $15/ton ($0.75/cwt) to $607 ($30.35), falling back to where it was on February 22….High point was $660 ($33.00) on April 5…. CR:  Fell $9/ton ($0.45/cwt) to $818 ($40.90). GV:  Fell $12/ton ($0.60/cwt) to $893 ($44.65). CAPACITY:  Fell slightly, but in general continuing flat in the 74-75% range…. SERVICE CENTER…

Industry Update 5/11/17

CRU: Slow, steady decline in prices continues…. HR fell $5/ton from $627 ($31.35) to $622 ($31.30)….Has fallen $38/ton ($1.90/cwt) in past 5 weeks CR fell $8/ton from $835 ($41.75) to $827 ($41.35)….Has fallen $33/ton ($1.65/cwt) in past 6 weeks GV fell $6/ton from $911 ($45.55) to $905 ($45.25)….Has fallen $32/ton ($1.60/cwt) in past 5 weeks…

Steel Update May 4, 2017

Index: Was pretty tame this week… HR dropped a couple bucks a ton, or $0.10/CWT…..now at $627 ($31.35) CR stayed flat at $835 ($41.75) GV fell four bucks/ton, or $0.20/CWT….at $911 ($45.55) now…again, this GV price assumes 16 ga, coated at G90 SCRAP:  May negotiations just getting under way, and no markets settled yet….Indications are…

Industry Update for April 26th, 2017

HR Fell for the third week in a row, with the biggest fall this  week of $15/ton ($0.75/cwt)…..HR now at $629 ($31.45), back around where it was in early March…. CR also fell significantly this week, $16/ton ($0.80/cwt), also retreating to early March  numbers…Now sitting at $835 ($41.75) GV not to be left out, likewise…

Industry Update for April 20th, 2017

CRU:All three categories dropped (blue shaded square) this week…first time all year that has happened…. HR fell $10/ton ($0.50/cwt)….now at $644 ($32.20) CR fell $5/ton ($0.25/cwt)….now at $851 ($42.55) GV fell a buck/ton….now at $931 ($46.55) CAPACITY:  Mills have been ramping up a little, coming in at 75% last week…hitting the peak from back in…

Sheffield Steel Launches New Website

Apr. 5, 2017 (Macedonia, Ohio)—Sheffield Steel Products, a flat rolled steel service center, is proud to announce the launch of its new website www.sheffieldsteel.net . The site sets the standard for the steel service center industry with an easy-to-navigate interface and growing library of articles and resources. Since our inception, Sheffield’s mission has been to…