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Steel Mill Upcoming Steel Price Release Dates

Steel Prices – SDI (June), USS (July), Nucor (July), ArcelorMittal (July), Severstal – especially Sparrows Point (July) and the conversion mills – The Techs, Sharon Coatings, CSN and Wheeling Nisshin should all be coming out with prices either yet this week or, by early next week.

Source: www.steelmarketupdate.com

Steel Prices Continue to Move Higher

Steel Business Briefing released The Steel Index of Reference Prices for the week ending May 4, 2008. The new numbers show that the market prices for hot rolled, cold rolled and galvanized have continued to move higher as compared to the week prior.

Hot-rolled prices showed a $5 per ton move to the upside ($.25/cwt). Over the past four weeks, HR pricing has increased by $201 per ton ($10.05/cwt) or 24.8%.

Cold-rolled prices also moved higher. They increased by $11 per ton ($.55/cwt) as compared to the week prior and have moved higher by $190 per ton ($9.50/cwt) over the past four week period or, 20.8%.

Galvanized coil increased by $20 per ton ($1.00/cwt) compared to the previous week. Over the past four weeks galvanized has increased by 19.3%.

Provided courtesy of Steel Market Update ( www.steelmarketupdate.com )

The Steel Index – ALERT! – Prices Continue to Move Higher

The Steel Index – Prices Continue to Move Higher

Steel Business Briefing released The Steel Index of Reference Prices for the week ending May 4, 2008. The new numbers show that the market prices for hot rolled, cold rolled and galvanized have continued to move higher as compared to the week prior.

Hot-rolled prices showed a $5 per ton move to the upside ($.25/cwt). Over the past four weeks, HR pricing has increased by $201 per ton ($10.05/cwt) or 24.8%.

Cold-rolled prices also moved higher. They increased by $11 per ton ($.55/cwt) as compared to the week prior and have moved higher by $190 per ton ($9.50/cwt) over the past four week period or, 20.8%.>

Galvanized coil increased by $20 per ton ($1.00/cwt) compared to the previous week. Over the past four weeks galvanized has increased by 19.3%.

Provided courtesy of Steel Market Update [ www.steelmarketupdate.com]

SJF introduces Chameleon Carousel Controls™

PRESS RELEASE

Winsted, MN – (May 5, 2008) SJF Material Handling of Winsted, Minnesota has announced the introduction of Chameleon Carousel Controls™ for use with any make or model of vertical or horizontal carousel. Chameleon can be adapted to any carousel, says SJF’s President Stafford Sterner, even carousels declared obsolete or no longer supported by the manufacturer. Chameleon allows clients to once again utilize older systems they already have and put them back into operation. Chameleon was developed in response to the market’s need for an alternative custom solution that provides the necessary components needed to retrofit existing carousels with a fully functional control panel and touch screen interface.

Users can use the touch screen to select a bin location and automatically bring the part to the operations area. The carousel can also be run in Manual or Jog mode, and the system includes full diagnostics and error messages. Encoder type carousels can be “Homed” automatically, or proximity carousels can be positioned at any location.

“The key benefit Chameleon offers,” says Sterner “is the elimination of the need to purchase unwanted upgrades in order to maintain warranty and support on an existing system.Chameleon Carousel Controls provide an economical option.” For users requiring more sophisticated search and retrieval tools, SJF is currently testing a PC-based software control option due for release later this summer.

In business since 1979, SJF Material Handling Equipment (SJF.com) is a Winsted, Minnesota-based full service provider of new, used and “renewed” material handling equipment & services. Services offered include complete design, layout, engineering, installation, project management and systems integration services.

Read more about Chameleon Carousel Controls™ here.

No slowdown in astonishing scrap market uptrend

With robust demand registered in all regions across the world, scrap prices are continuing their astonishing upward movement. Each passing day it gets harder to find the morning price levels by the time evening comes.

Bulletin courtesy of Steel Orbis [http://www.steelorbis.com]

US execs say high prices here to stay; must be passed on

Record US steel prices, driven by soaring input costs, are unlikely to go down anytime soon, the heads of five high-profile steel and raw materials producers say.

Speaking during a round table discussion Monday at the joint meeting of the American Iron and Steel Institute and the Metals Service Center Institute, attended by Steel Business Briefing, the executives were in agreement that increasing global demand for raw materials and steel are making for volatile times for their customers.

Information courtesy of of Steel Business Briefing [https://www.steelbb.com/]

Panic Buying Sends Steel Prices to New Record Highs

April 25, 2008 – Today saw steel prices soar to record highs as a report released by world steel producers confirmed worries that current production has failed to keep pace with world demand. One industry official, who did not wish to be named, expects the panic buying to continue and noted that “for the past decade, prices of scrap steel fluctuated between $50-$80 USD/ton.” Late last year, that price doubled to $150 -$200 USD/ton. By March 2008 it doubled again to $345USD.

Today’s surge to $865 USD/ton reflects a depletion of steel reserves to historic lows and the inability to increase production to keep pace with world demand.” One economist today noted that steel at these price levels will have a devastating effect on consumers worldwide. The world’s economies are built on steel. Without it, the machine breaks down. Right now there simply isn’t enough to go around.

Where will it stop?Nobody seems to know.After today’s activity, many feel certain that more increases are ahead.How high will it go?

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Pallet Rack Purchasing Tips II

Removing the risks – buying used pallet rack and other pre-owned equipment

Certainly, you can save money by purchasing used pallet rack instead of new equipment. Are there are some risks involved? Yes! Will it likely to have a shorter remaining service life and is there no manufacturer’s guarantee? Not necessarily! A common misconception is that with used equipment you’re not really sure what you’re getting. You can, however, easily reduce and even outright eliminate many of these risks by simply dealing with the right people when entering the used market.

Here is a primer that covers a few of the basics.

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