Q1 Market Update
To our valued customers –
As you are likely seeing, a lot of insanity going on in the market right now.
Just this week oil hit $100 a barrel, LME nickel reached its highest price point since 2011 due to EV strength and collapsing LME nickel stock levels, and aluminum is trading at a new record high last set in 2008.
Mills are loaded and we are seeing a new round of base price increases.
Global logistics are still a mess so we are seeing major delays for imported raw and finished goods.
Based on global economic conditions, we unfortunately do not anticipate these issues will get better soon, if anything they will get worse for a variety of our end use markets.
Now is the time to be looking ahead and booking future orders to help ensure product availability in the second half of 2022 and into next year.
Please click on the below link and advise if any questions or if you would like to discuss how we can help secure your supply chain.
VP of Sales
Tri Star Metals, LLC