Loading ...“Prices for hot-rolled coil U.S. steel continued to soar in recent weeks, hitting a one-year high, amid strong manufacturing activity data in China and the U.S in October. Steel traded at USD 711 per metric ton on 6 November, which was up 12.7% from the same day in the prior month. Moreover, the price was 20.9% higher on a year-to-date basis and was up 44.5% from the same day in 2019.”
Note Hot rolled is crap compared tp cold rolled. Must have been at least 30-35 years ago fabricator sheet metal shops were paying .20 cents a pound DELIVERED!!! That’s $400/ton. If minimum wage lowly steel keeps going up, it will push up all other better metals re pecking order. Anything priced that far back should be 15 to 20 X more today. So .20 cents/lb should be $3/lb today, or $6,000/ton. Copper, Nickel, Stainless etc should fly off the charts.
Basically I think during Trump they realize for national security its not good to import from other countries.
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Steel (USA) | 461.14 | 519.95 | 619.92 | 828.46 | 603.52 |