Steel Prices

Steel prices continue to register their lowest values since May 2021. Spot prices going into 2023 are almost 20% less than those going into 2022. This slide is primarily due to what people in finance call “mean reversion”: as time goes on, prices return to their average. Steel prices had been unsustainably high for almost two years, and this is a return to form rather than a sign of weakness. We expect them to continue to decline and recommend waiting until the spring before making major purchases.

2023-01-06T15:43:12-08:00January 6th, 2023|Expert Insiders Blog|

Update on Lumber

Softwood lumber prices are rising again in North America starting this March, with a peak within the next two months. Supply is still disrupted, causing prices to reach levels last seen in spring 2021. Production in North America increased in 2021 and an incremental increase is expected later this year. However, short-term supply disruptions, coupled with higher-than-average demand, have been driving prices up. 

2022-03-30T08:16:30-07:00March 18th, 2022|Expert Insiders Blog|

Aluminum Update

Aluminum moved from surplus to deficit in 2021 and is currently fundamentally tight in 2022. Market prices reflect this shift, with the London Metal Exchange (LME) price breaching $3,175/metric ton last October, its highest level since 2008. Regional premiums have also shown strength. We believe that the current market view of aluminum supply and demand in 2022 is still tense, but there is a possibility that demand growth could become flat later.

2022-03-09T09:33:57-08:00March 9th, 2022|Expert Insiders Blog|

What is ESG Performance and Why is it Important?

Impacted in 2021 by climate change, loss of biodiversity, racial inequality, poor working conditions, and finally by COVID-19, industries and companies of all shapes and sizes are taking a closer look at the way they conduct the future of their business.

2022-01-04T14:19:46-08:00January 4th, 2022|Expert Insiders Blog|
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