Market Update

Weekly, if not daily, our teams discuss how steel market events and projections impact our customers and vendors. No two customers or vendors are exactly the same. This is our approach. Here’s your market update – let’s talk about it. #BuildingLivesAsStrongAsOurSteel

  • SCRAP. Market participants expect downward trend in July anticipating a $10-20/ton drop.
  • AUTOMOTIVE. All eyes on automotive restart. Plants reopening yet operating at slower rates due to COVID19 precautions.
  • MILLS. Lead-times average 4 weeks for Hot-Rolled, 4 weeks for Cold-Rolled and 4-7 weeks for Galvanized.
  • CAPACITY. Mills look to reopen idled furnaces as demand picks back up.