Worldwide production and economic issues have joined to produce some unfortunate side effects for steel manufacturers and metalworkers. As described in this article, ArcelorMittal, the world’s biggest steelmaker, is dealing with the aftereffects of a global recession, facing lowered demand and higher raw material pricing. This convergence of events, with market competition pushing commodity pricing down even as raw material procurement costs increase, creates a very uncertain climate in the industry.
Here at Keats Manufacturing, we pride ourselves on putting our customers first and offering as much assistance in purchasing as possible. Through our long experience in metal stamping, we’ve seen a lot of market ups and downs, and we’ve found that the best way to deal with them is to proceed with business as usual. That is, it’s rarely beneficial to attempt to “play the market” with steel, and costs over the long term will reflect this principle. Please contact us at Keats with any further questions!