Flow Dynamic Text Test

Written by Andre Tjaberings
on June 22, 2023

The Steel & Tube Procurement Update provides insights into the drivers of steel pricing in the current environment.

This Update examines the unprecedented market conditions in commodities, steel, and stainless finished products. Spot molybdenum hit a 17-year high, iron ore surged before easing, and scrap steel and nickel prices rose significantly. Historically high inventory levels have gradually subsided. As upstream industry players parry for margin in a competitive, higher cost environment, pricing is likely to stay elevated for at least the medium term.

For the information you and your business need, explore the latest update.


Steel & Tube Procurement Update June 2023_cover

View Now

Let Us Know What You Thought about this Post.

Put your Comment Below.

You may also like:

Company News Community Initiatives Our People

Steel & Tube’s full Announcement and Interim Report

Today we released our interim results for six months ended 31 December 2023. Our team has continued to work hard in a ch...

Company News Promotions Featured promote

Choice and flexibility: Webshop makes our customer’s job easier

The Steel & Tube Webshop is designed to support companies ‘from the ground up’ – supplying everything from foundatio...

Company News Featured Our People

Meet the Team: Sourcing Steel Solutions in Taranaki

Many things can be found in New Plymouth, bare feet, wind wands, and the stunning Len Lye Centre. But one thing in parti...