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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

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