Appreciate the insights from what you are experiencing as a steel user. Price increases to domestic users is only just accelerating and are still well below import prices. I'm told BSL increases really only started to move up at big licks from June onwards with 30-40% total through to October with more to come. Imports the lowest levels in history. Mate in shipping tells me boats are full with what they call project cargo which is things from wind towers to large infrastructure pieces which are too large to be made here? Or as you suggest finished goods fabricated are imported as they are not subjected to the large anti-dumping levels of the raw steel itself and make it difficult for domestic steel users buying steel locally...With inflation high at the raw material end (timber, steel etc) those in the middle such as builders, fabricators etc are going to be in for a very tight squeeze.
BSL Price at posting:
$24.20 Sentiment: Buy Disclosure: Held
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