Update on steel market conditions for May!
No bad news for Reinforcing Steel
ARC has updated us on the current market for reinforcing steel and we thought we’d pass it on! Based on current market trends and forecasts, ARC anticipates ongoing volatility in the cost and availability of reinforcing steel to continue throughout 2021.
Market Update
Raw material steel pricing is unchanged from last month’s communication
ARC has communicated they see no change in pricing out to 30 June. Freight costs however have continued to increase, and these will be passed on in the form of a $30 per drop increase to your current rates, effective from 1st June 2021.
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