Big Commodity Price Increase
Since January 2020 the price of steel Hot Rolled Coil has escalated almost 80%.
Copper has increased from $2.10 a pound in March 2020 to $3.67 at the start of 2021, a 75% increase. Tariffs, quotas, mining labor disputes, COVID related mine closures and China stockpiling the minerals have all tightened supply. The market is reacting to news on the horizon; China’s economic recovery, investments in green energy and massive infrastructure spending as a top priority of the Biden administration are all ingredients in a global demand trajectory for both commodities.
Independent Pipe closely monitors the markets daily and contracts with the mills to keep ample inventory.
When you partner with Independent Pipe you can be sure you are protected and have the confidence to complete your projects on time and on budget.
Keep your eye on the market.
Click here for our January 2021 steel snapshot and live feeds for steel and copper.
Bookmark this page for daily market updates. We watch it so we can ensure that we are giving you the most competitive numbers possible.