Steel Pricing & LMS Management Team Update
April 26, 2012 - For now, global steel prices appear to have found a continuing balance, as supply and demand forces have achieved equilibrium. Locally, prices are stable as well, but the health of our region could lead to local mills increasing pricing if West Coast economies continue to improve.
Globally, while the past five years have been marked by wild swings, the last year and a half has seen those swings moderate. The biggest reason for this change is the slowdown in developing world growth, especially China. It has been this “new” demand from the developing world that has played havoc on steel markets in recent years, much as it has with other commodities. As this demand cools, so too does steel price volatility.