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Steel Prices: How we got here and what could happen

  • Thread starter Ox
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Steel Dynamics makes 320 foot long sections of rail in the USA, at their Columbia City Indiana plant. and then will weld them together, up to 1600 feet long. I think they are the main mill making rail in the US, but I am not sure.
Here is a chinese rail facility, welding big lengths.
Pretty funny to me .... if you look at videos of the actual track setting, US and Europe have these interesting things which resemble excavators with one guy driving that pick up the rail and set it (really shows how flexible rail is). China, they have huge prestressed sections of bridge with all the hotsy-totsy no-ballast ties and anchors in place, then 100 guys with long crowbars set the rail. Keep people busy ! :)
Materials that you buy today, are sold at today's replacement costs, just like gasoline.


Think Snow Eh!

Not according to owners of two steel service centers locally. Just like everyone else, they make the occasional stupid decision and have to eat a loss. More likely when input prices are high and delivery is later…..

Noted price of steel on CNY/T graph went up 10% just today! Why?