Industrial Insight

Steel prices and production have declined… | December 1, 2020

Steel prices and production have declined from the peak of the past few weeks and with a second uptick in COVID and the normal drop due to the holidays, may remain flat or down. In contrast, copper and oil prices broke from their range up with price increases. The ratio of steel casting activity, an estimate from other factors like these dropped but remains well above one signifying improved conditions compared to a year ago.


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About author

Raymond Monroe is the Executive Vice President for the steel industry trade Association, Steel Founders’ Society of America. He enjoys his crazy family including his wife, five children and their spouses, and many fun and lively grandchildren. Raymond brings more than 40 years in the industry here to share his ‘Industrial Insight’ and other current topics affecting the economic picture of our world today.

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