Is Your Company Able to Get the Steel It Needs?

The number of companies – especially service centers – reporting they have been on allocation or controlled order entry has dwindled over the past couple of weeks. Many companies are reporting extended lead times or an abundance of late deliveries, but no full allocations with their suppliers. The one exception being plate companies, where almost every one is on some form of allocation or controlled entry. One large service center did advise that their company was no longer on allocation and suggested from their view that plate prices may be peaking.

The key part to our question was “…are you able to get all of the steel that you need?” Almost every company we communicated with reports they are able to get what they need.