The global steel market is rapidly changing. Demand worldwide is rising, while supply disruptions continue to mount due to the conflict in Ukraine, where key raw material exports have become more limited for steel production facilities., causing steel prices to increase. Along with this, shipping and freight continue to rise because of sanctions placed on […]
Update 3/16: The steel market has been highly volatile recently, and market conditions are rapidly changing day-to-day. As a result of rising shipping and freight costs and tightening supply due to manufacturing disruptions stemming from the turmoil in Russia and Ukraine, a price increase of $400/TON or 25% is now in immediate effect. A new […]
Our CEO, Greg Leidner, joined Moderator Jason Bader, principal of The Distribution Team and columnist for The Wholesaler magazine, and fellow panelist Lewis Finn, CEO of Control Supply Corp., to discuss why there may be a reluctance from distributors to partner with master distributors to fill orders, how these partnerships have changed over the years, […]
Another major ocean shipping disruption is underway This affects global supply chains Rising costs and delays result Ongoing high demand, low supply situation There is currently a disruption in ocean shipping, which has been more significant than the Suez Canal backup in March. The Port of Yantian in China is responsible for roughly 25% of […]
What’s happening: Lack of availability and strong demand are rising raw material costs Inventories are low and the supply chain is stretched thin A lack of shipping containers and domestic freight is increasing input costs Strong demand and pricing increases are expected to continue throughout 2021 As the Covid-19 recovery continues to gain momentum across […]
