Through the first half of 2019, the chemicals and plastics industries were challenged by fluctuating input costs, the ongoing trade war between the U.S. and China, and uncertainty in the global economy.

Too much supply and not enough demand have contributed to the continued decline of steel prices. This trend has negatively impacted gross margins for steel service centers, as well as for steel mills that utilize older blast furnaces which are more expensive to maintain than electric arc furnaces (EAFs).

After up to a year of price declines, the steel market sees signs of hope as mills announce price increases. Meanwhile, base metal prices have been affected by a mix of fundamentals and global economic news.

“The selection of equipment at Pine Creek makes this an auction that should capture the attention of anyone in the medical profession,” says Jeff Tanenbaum, President and Managing Partner of GA Global. “Doctors, hospitals and surgical centers, both domestic and abroad, will find tremendous purchase opportunities over the two-day sale.”