Louisiana Digital News

Stronger Than Ever: Steel Rebounds To Start The Year


Rolled metal warehouse. Many packs of metal bars on the shelves


An expected rise in infrastructure spending, increased demand overseas, and a recovery in automotive production all support the steel industry’s positive outlook.

The steel industry started the year with a bang. Prices for the commodity have rebounded from the low

FIBER US Commodity Steel Spot Price | 9/1/22 - 3/12/23

Bloomberg. FIBER (Foundation for International Business and Economic Research) US Commodity Steel Spot Price Index represents the average steel prices for No.1 heavy melt steel from Chicago, Philadelphia and Pittsburgh. Past performance is no guarantee of future results.

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