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Pricing Update Posted 1/24/2008 The steel industry in the U.S. has announced dramatic price increases over the last few months. These increases are expected to continue through the first half of 2008. Scrap prices have increased to approximately $400 / ton and energy costs remain very high. As a result, prices for structural tubing and pipe have risen from $140 to $160 / ton since November, 2007. Major Mills have announced 5-7 % price increases on DOM tubing, and ERW tubing has also risen accordingly. Steel bar surcharges have increased about 4.00 cwt. Future changes will be posted to our website on a regular basis. |
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