“Our preferred clients get a lot more value from us other than being able to supply a piece of steel.” Adam Osborn, President Ace Steel Supply
Domestic coated steel and cold-rolled coil continue to rise. As of last week, there is an uptrend in hot-rolled coil pricing.
Higher flat-rolled product prices are being supported by limited competition from imports.
The American Metal Market (AMM) reports, “Market participants acknowledged that flat-rolled product prices are currently well-supported in the US – an almost isolated market with virtually no imports competing with domestic material.”
With average demand, supply constraint is driving the market. One reason for the lower supply is the effect of President Trump’s Section 232 tariffs, specifically the effect of a 25% tariff on steel imports.
This supply constraint has remained in place although the 25% duties were removed from Canada and Mexico steel this past May.
In related news, higher scrap prices in August could support the recent domestic mills’ price increase. If this happens, then there could be a fourth mill hike.
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When you’re ready to save time, money and make your steel buying easier, give us a call.
If your company requires a secure supply of Houston metal – we have galvanized, stainless, aluminum sheets, plates, coils and structural items.
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