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Market Update | May 25, 2022

Domestic raw steel production climbed for the third consecutive week, but is still down 1.8% compared to the same timeframe last year. At the same time, after increasing in March, preliminary carbon steel imports for April saw the start, of what is anticipated to be, a decent pull back in carbon steel imports.

Market Watch | May 24, 2022

In the last few months we’ve experienced major fluctuations in input costs and availability due to Russia’s invasion of Ukraine, skyrocketing energy prices in Europe, and suppressed production in China due to their zero COVID policy. Domestically, we’ve faced rapid inflation, large interest rate hikes, and record high gas and diesel prices. After more than 2 years of market swings, volatility has become the new normal.

Market Update | May 18, 2022

The April consumer price index came in at 289.1, up 8.26% from last April. Although this is still elevated, it is lower than March’s all-time high of an 8.54% year-over-year increase. Airline fares saw the largest 1-month increase in history. Prices also continued to rise for housing, lodging away from home, and new vehicles. There were a few components that saw slight declines in pricing including apparel, communication, and used vehicles.

Market Update | May 11, 2022

The April consumer price index came in at 289.1, up 8.26% from last April. Although this is still elevated, it is lower than March’s all-time high of an 8.54% year-over-year increase. Airline fares saw the largest 1-month increase in history. Prices also continued to rise for housing, lodging away from home, and new vehicles. There were a few components that saw slight declines in pricing including apparel, communication, and used vehicles.