As expected, domestic steel producers have followed up their announcements of early November with additional notices of their intent to raise prices. Led by Severstal NA, all major US-based mills began notifying customers Thanksgiving week of increases in the $40 to $50 per ton range, bringing the total announced rise to $80 per ton or more so far this month.
Aegis Metal Framing is closely following these market moves, and we are in daily dialogue with our vendor base in an effort, to the extent that it’s possible, to minimize the overall impact. At this time we do expect mill prices to rise further as we move into the historically busy first quarter, resulting in corresponding increases in all steel-based construction products.
As always, we will provide our fabricator partners with the most current market data as it becomes available.
Thank you as always for your business.
