Steel Products Prices North America

Leeco Adds Processing Equipment at Hamilton Facility
Written by Laura Miller
December 1, 2022
Plate supplier Leeco Steel has added new processing capabilities to its distribution center in Hamilton, Ontario, Canada.
The company recently installed a Messer MPC2000 MC combination cutting and drilling machine, allowing for additional plasma cutting, oxy fuel cutting, beveling and drilling at the facility.
“Having a Messer combination machine at our Hamilton facility will enable us to better serve Canadian customers,” Denton Nordhues, president and CEO of Leeco Steel, explained in a statement.
“We will continue investing in people, facilities and equipment across all distribution centers to create even greater value for our customers,” he added.
In July, Leeco completed an expansion at the Hamilton facility, adding 30,000 square feet to the existing 45,000 square feet of warehouse space.
The Isle, Ill.-based company also recently added a Lissmac deburring machine and a Faro measuring arm to its processing facility in Oshkosh, Wis.
Leeco distributes carbon, high-strength low-alloy, and alloy steel plate products from 11 facilities throughout North America.
By Laura Miller, Laura@SteelMarketUpdate.com

Laura Miller
Read more from Laura MillerLatest in Steel Products Prices North America

SMU Price Ranges: Sheet floor holds as market debates upside
Our average HR coil price increased $5/short ton from last week, marking a second consecutive week of modest gains. Market participants generally attributed the increase to...

Thin demand keeps plate prices hovering at lowest levels since February
Participants in the domestic plate market say spot prices appear to have hit the floor, and they continue to linger there. They say demand for steel remains thin, with plate products no exception.

SMU Price Ranges: HR crawls back to $800/ton
SMU’s HR price stands at $800/st on average, up $5/st from last week. The modest gain came as the low end of our range firmed, and despite the high end of our range declining slightly.

SMU successfully completes IOSCO review
SMU has successfully completed an external review of all our prices. The review has concluded that they algin with principles set by the International Organization of Securities Commissions (IOSCO).

Domestic plate prices could heat up despite so-so demand, market sources say
Some sources also speculated that plate could see further price increases thanks to modest but steady demand, lower imports, mill maintenance outages, and end markets less immediately affected by tariff-related disruptions.