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espsteel

Surcharge up in December but ….

Yes, the nickel surcharge overall was up a bit for December. Unfortunately recent copper and nickel has dove down significantly the last half of November.  ESP projects that January will likely be down again. Remember that the surcharge calculation period is 21st of...

Scrap, ISM Index Update

American Metal Market report stainless steel scrap prices remain flat, but expects the market to soften in the coming weeks amid uncertainty surrounding the nickel market and disappointing melting rates at stainless mills. This indicator goes along with mixed trends...

Growth estimates reduced ’13 and ’14

In its latest report, the Manufacturers Alliance for Productivity and Innovation (MAPI) reduced its growth estimates for 2013 and 2014. MAPI expects the U.S. economy to expand 1.6 percent in 2013. Manufacturing production, MAPI says, will expand 2.2 percent this year,...