6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
Steel prices in the U.S. surged in 2004 after being relatively tame in the 1990s, according to a report by MAPI, The Steel Price Situation and Outlook ($25 at http://www.mapi.org/).
From September 2003 to September 2004, steel mill product transaction prices are up 48 percent. In fact, almost all metal, energy, and food commodities exhibit a similar price run-up in varying degrees. In metals, for example, primary aluminum is up 22 percent over the 12 months ending in September 2004, copper cathode and refined copper are up 56 percent, and titanium mill shape prices are up 18 percent. World energy prices are up over 50 percent and international commodity food and beverage prices are up 12 percent this year.
There are recent signs that the current record high steel prices are beginning to fall as evidenced by lower scrap prices. In addition, foreign mills are offering more steel to the marketplace, thus allowing an incentive for U. S. steel consumers to source foreign steel, and thereby increasing competition in the U.S. steel market. The report author concludes that the consensus among economists is that the steel price bubble will deflate next year. Click here to read more and order report.