Several stories from the solar sector have been making waves lately. “Growth has slowed in the rooftop solar industry in the past year,” writes Jessica Goodheart in this piece, “but many see the evolution of battery storage technology and vehicle electrification as promising for the long-term health of the residential solar industry.”
And the policy picture? “Industry leaders have been cautiously optimistic that Republicans will leave be the federal Solar Investment Tax Credit (ITC), a major policy driver of rooftop solar, in spite of Trump’s efforts to roll back the Clean Power Plan,” Goodheart notes.
What Metal Buyers Should Look Out For
Keep an eye out on steel plate’s raw material inputs — iron ore prices surged in April, as we reported in our May Monthly Buying Outlook, while coking coal prices swelled due to supply disruptions in Australia.
Key Price Movers and Shakers
The steel plate price in the U.S. dropped 4.8% to $734 per short ton.
Steel plate prices from China and Korea dropped as well.
However, the U.S. grain-oriented electrical steel (GOES) coil price rose 9% to $2,795 per short ton.