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      Atlas Participates in Annual CCEDC Chippewa Charity Classic 2015 Golf Outing

      On Friday, May 29, there were plenty of dark clouds in the sky, but that didn’t stop our team from hitting the golf course for charity! Atlas Manufacturing participated in the annual CCEDC Chippewa Charity Classic 2015 Golf Outing at Whispering Pines Golf Course. All proceeds from the event went to the Community Foundation of Chippewa County G. McDowell Economic Development Seedling Fund. It was a pleasure to participate!

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      MINNEAPOLIS 2950 Weeks Ave. S.E. Minneapolis, MN 55414 Tel: 612.331.2566 Fax: 612.331.1295 Email: sales@atlasmfg.com
       
      CHIPPEWA FALLS 6256 County K, Chippewa Falls, WI 54729 Tel: 612.331.2566 Fax: 612.331.1295 Email: sales@atlasmfg.com
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        • Copyright 2019 ATLAS PRECISION SHEETMETAL SOLUTIONS
        • All Rights Reserved
        • 612.331.2566

        January, 2021
        Brace for price increases!

        Steel prices are escalating rapidly and material is in short supply. To understand why is complicated and involves supply and demand relationships that are complex. IN THE PAST WE RECEIVED MONTHLY PRICING from Ryerson and Viking Materials, our largest service center suppliers. NOW WE RECEIVE ONLY DAILY PRICING. Supply is tight, lead-times are long.

        We convert flat sheet ferrous and non-ferrous materials into shaping the metal behind your brand. Atlas is a technical converter of steel, aluminum and stainless steel sheet. Let’s go upstream for a ride. Mills such as Nucor, Steel Dynamics, Inc, US Steel, ClevelandCliffs, and ArcelorMittal are some of the United States producers that produce coil products that are sold to service centers.. There are also many foreign producers with China overshadowing all other countries as well.

        The pandemic hit the steel industry hard in the spring of 2020 and steel consumption dropped rapidly to near 50% capacity utilization. There were massive layoffs and shutdowns to reduce capacity. Now demand has resurfaced without sufficient supply. The mills have increased pricing and extended lead-times to the service centers.

        https://www.wsws.org/en/articles/2020/04/24/stee-a24.html

        Service centers convert steel coil material into sized flat blanks, which is what we purchase and convert into parts.

        Bottom line is this, material pricing is escalating and while we do our absolute best to mitigate the material increase effects on your products, prices will ultimately need to reflect the base price increases we are experiencing.

        SMU’s ( Steel market Update) survey of service center and OEM executives on Nov. 9-11 revealed an average benchmark price for hot-rolled steel of $710/ton, surpassing the $700/ton level where many had expected it to top out. That’s up 60% from a low of $440/ton in mid-August as the economy struggled with the coronavirus, and it exceeds the $580/ton in mid-March pre-COVID 19.

        Since November, prices listed are actual purchases:

        Date – HR $/ton
        Dec 2 – $761
        Dec 9 – $845
        Dec 16 – $899
        Dec 23 – $961

        In summary, the upward slope of the steel prices is as much about the tight supplies as it is about the growing demand as the economy rebounds from the pandemic shutdowns. Mills idled significant capacity in the second quarter and have taken their time about bringing production back. By John Packard and Tim Triplett December 1, 2020 www.thefabricator.com.