The overall tendency for industrial metals is for continued price weakness. Despite spring fluctuations, this remains a buyers’ market.

Aluminum – While the chart indicates a continual decline, the percentage decline is less pronounced than the other product groups. Some aluminum producers are reducing capacity in an effort to correct a supply/demand imbalance and perhaps strengthen the price.

Cold Rolled – After a period of price stability, cold rolled prices have weakened since late spring. Minor upward mill price increases appear to be struggling to hold which, if successful, could soon result in stability or upward momentum.

Hot Rolled – While the mills are starting to get some price increases to hold, these have yet to impact our chart. While prices continue to be weak, stability is forecast. Recent mill price increases may signal a bottoming out or even a slight price increase.

Stainless – Currently the weakest of the four product groups, stainless steel prices continue to deteriorate without any apparent recovery in sight. Nickel, a major component and influencer to the cost of stainless, continues its long term declining price trend.

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