Market Pulse
The following market indicators provide a quick overview of economic and commodity trends influencing agriculture, equipment purchasing decisions, and manufacturing costs across the shortline industry.
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steel
Industry Update: Nucor Tubular Products Announces Immediate Price Adjustment
Nucor Tubular Products (NTP), a major supplier in the steel tubing and structural products market, has announced a price adjustment affecting several of its product lines.
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Trump to Double Steel Tariffs
On May 30, Donald Trump revealed that he is doubling his tariff on steel imports to 50% from 25%.
Read moreNucor Report Q1 Results
Nucor posted a first-quarter net profit of nearly $2.1 billion in the first three months of the year, more than double its prior-year number
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Red Hot Steel Market Cools
Lower prices will likely take months to flow through supply chains, since many manufacturers purchase steel through fixed-price contracts.
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White House Restores Metals Tariffs in South America
President Donald Trump on Monday said he would restore tariffs on U.S. steel and aluminum imports from Brazil and Argentina. He said the countries have been “presiding over a massive devaluation of their currencies, which is not good for our farmers.”
Read moreIron Ore Prices Plunge
Iron-ore prices posted their biggest one-month fall in almost eight years. The price fell 27 percent by the end of August, the most since October 2011.
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Steel Ingredient Iron Ore Hits Nearly Five-Year High
The price of iron ore, the main ingredient in steel, surged to its highest level in almost five years on
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