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December 20, 2011

• Video Link click here. It is important to leave approximately 7" of slack when tying a single loop bale tie. This slack makes it possible for some of the stored pressure to be released before putting the load on the wire.  We have produced a video to show the proper way to tie a single loop bale tie.  Please click on the following link to view this video:    Bale Tie Tying Instructions

• During this time of the year, because of our customer's budgeting requirements, we are frequently asked  what they should expect relative to prices for the coming year.  With volatility in steel prices now the new norm, this has become a very difficult question for us to answer.  There are a few fundamentals that will drive the direction of all steel prices.  The main one being the price for ferrous scrap and iron ore.  The price for these commodities will be driven by the global demand for them and this will be heavily influenced by the demand from Asia.  As of this writing, the price for ferrous scrap has increased by $30/ton during the last 30 days.  This increase was caused by heavy buying of this commidity by China and Turkey. If this increase sticks, which it appears it will, steel prices will move higher.  Our long term view is that steel prices will move considerably higher as a result of the increased demand for steel from Asia.