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Fort Smith, AR: (800) 323-8806 |
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© 2007 Boyd Metals, Inc. All Rights Reserved. Site Map |
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Boyd Metals Adds
New PVF Line! |
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Boyd Metals is now stocking a complete line of PVF products. Inventory is already in stock and includes......
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We are pleased to announce Richard Ross and Jeremy Johnson as co-winners of our Randall Cooley Employee of the Month award for the month of May. Richard is an SCO on the day shift and Jeremy is a second shift SCO for Boyd's Joplin, MO location. Richard joined the company in May of 2006, while Jeremy came on board in March of 2006.
Larry Smith, Warehouse Manager for Boyd's Joplin location, submitted the winning nomination. Larry wrote. "Joplin was recently hit by a storm that knocked out power to our plant on a Friday morning. We were without power until late the following Sunday, so we could not pull or load orders for Monday deliveries. Richard and Jeremy both came in at 4:30 AM that Monday to pull orders and load trucks for delivery that day. Richard then stayed for his regular shift, pulling orders all day, while Jeremy came back later that night to load out the trucks for Tuesday delivery. Desperate times call for desperate measures and Richard and Jeremy both stepped up to the plate at this desperate time. That’s the Boyd way". Before moving to Joplin, Richard was born and raised in Los Angeles, CA. His hobbies include playing guitar, skateboarding and hanging out with his dog. Asked to share something about himself others may not know, Richard admitted he is "addicted" to tattos. Asked what he likes best about his job, he said "I love driving the Raymonds and I really like all the people I work with. I also got to learn how to drive a semi truck, something I never thought I would get to do". Jeremy, who goes by JJ, was born and raised in Webb City, MO. JJ is engaged to be married soon and is the father of three children, Kylee, age 11, Kaidon, age 8, and Taylor, age 7. JJ's hobbies include fishing, swimming, camping with his kids, hanging out with his fiancee, drawing cartoons for his kids and just enjoying life and the people in his life. Asked to share something about himself others may not know, JJ said he loves animals and nature scenes and that he loves to laugh and smile. Asked what he enjoys most about his job, JJ said he "enjoys learning new things that make his job easier every day and working with a group of great guys at Boyd's Joplin location". Congratulations on your well deserved awards, Richard and JJ. |
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STEEL BASE PRICES INDEX
Mini-Mill Carbon Sheet Stainless Steel Carbon Plate trending up, trending down, steady All trends reflect domestic pricing over the last 60 day period. Disclaimer |
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Richard Ross & Jeremy Johnson |
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WEEK OF 6/29/09
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WEEKLY MARKET REPORT |
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Construction On Boyd Metals' New |
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CHECK OUT THE LATEST |
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Friday, June 26, 2009
With the most recent mill price increases apparently sticking, rumors are rampant the mills will be announcing more increases in the very near future. Pricing on virtually all products is moving upward. Merchant bars, which went up $20 a ton in June, were recently announced as remaining flat in July. But now, with scrap continuing to go up, there are rumors of an increase mid-month. The same is true with beams and cold rolled bar products. Plate is going up, with ArcelorMittal, SSAB North America and Nucor all announcing a $40 a ton increase for shipments in July. One increase has already been announced on square and rectangular mechanical and structural tubing and rumors are that another increase is already in the works. Carbon flat-rolled price increase announcements are coming in faster than I can keep up with them and more are expected as scrap prices continue to rise. Flat-rolled producers announced a $20-$30 a ton increase for July 1 and then followed it up a couple of weeks later with another increase announcement of $60-$80 a ton. Stainless prices are on the rise (see below for more on that) and even aluminum is headed up after months of declines. The big question in all this is can all these increases be sustained? The mills are certainly seeing an uptick in orders. But is it because demand is increasing or just because service centers have allowed their stocks to dwindle to the point they must re-order? And let's not forget the mills continue to operate at about 47% capacity. Should the mills get trigger happy and start increasing production too soon, it could make it difficult for them to sustain the increases already announced. ArceorMittal and U.S. Steel have both confirmed their intentions to re-start some blast furnaces idled during the economic downturn. SteelBencher reported U.S. hot-rolled band prices rose again last week. This marked the second increase in a row, after prices had fallen since reaching their peak in July of 2008. The latest SteelBenchmarker reports says hot-band prices are up 6.5% over two weeks ago. Domestic steel mills have returned to the scrap marketplace, not only maintaining recent scrap prices, but pushing them even higher. After rising in May, many expected the increase in scrap prices to be short-lived, thinking they would fall back in June. That has not been the case. In addition to the domestic mills, Turkey, China and other Asian countries have made some big buys of U.S. scrap, perhaps in anticipation of rising prices. SteelBenchmarker's latest report on scrap prices confirms the increases. Shredded scrap was up 4.4%, to $213 a tonne. No. 1 heavy melting scrap jumped 7.3%, to $192 a tonne and 1 busheling was up 1.9% to $211 a tonne. Stainless prices continue to rise, with North American Stainless (NAS), Allegheny Ludlum and AK Steel all announcing a 6-9% increase on stainless flat-rolled products scheduled for July production. This is in addition to the approximate nine cent a pound increase in the nickel surcharge for T304 stainless announced for July. No immediate relief is in sight as June price increases for nickel, chrome and scrap point to around a 15 cent a pound increase in the nickel surcharge for August. Nickel prices continued their climb on the LME this week with three month nickel closing at $7.2144 a pound on Friday. This is up from 6.7018 a pound just last Monday and up from it's close of slightly over $4 a pound just thirty days ago. Below is a chart, courtesy of www.metalprices.com, detailing the rise in nickel prices just in the last 30 days. Aluminum prices have stablized somewhat after rising recently amid supply concerns. Many of the same dynamics are in play with aluminum as with carbon steel as non-ferrous service centers have let their inventories get so low that they have no choice but to return the marketplace in search of inventory. Three month aluminum prices recently jumped amid rumors of a big supply deal that could take a chunk of spot inventory out of the market. Traders, worried about a supply squeeze, sent aluminum prices on the LME higher. Three month aluminum closed on the LME Friday at 76.00 cents a pound. Before the rumors started hitting a couple of weeks ago, three month aluminum was trading at around 63.50 cents a pound. After seven consecutive weeks of increases, the American Iron and Steel Institute reported domestic steel output posted a .5% decrease last week, to 1.133 million tons. This was down from 1.139 million tons produced the week before. Mills operated at an average capability utilization rate of 47.7%. For the same week last year the mills produced 2.154 million tons of steel at an average capability utilization rate of 90.3%. Year to date the mills have produced 24.224 million tons at an average capability utilization rate of 43.3%. This is down 52.1% from last year, when the mills had produced 60.624 million tons of steel at an average capability utilization rate of 90.5%. |
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