“It doesn’t matter what the company sells, if they sell cheap, they cut corners to be able to make money.” Adam Osborn, President Ace Steel Supply
Domestic mills have stabilized hot-rolled coil prices and are looking to increase the price further with a 3rd mill hike.
HRC lead times are averaging four to six weeks as reported by market participants.
On July 19, Fastmarkets AMM reported the first mill hike (announced late June) was successful in raising the price. Further, the second mill hike (announced in early July) seems to be “gaining traction”.
In fact, a 3rd mill hike could come early if August domestic scrap prices increase.
The futures market on HRC and domestic scrap are pointing upward.
Ace Steel Supply works hard to read the steel market so we can offer a stable supply of what you need. Consider a stocking program with us for even more benefits (like Samsara) to your business.
“Now, you can more accurately know when your material will be delivered. The improved delivery tracking will help you manage your shop employees time more efficiently, saving both time and money.”
When you’re ready to save time, money and make your steel buying easier, give us a call.
Call us if your company requires a secure supply of Houston steel – stainless sheet and plate, aluminum sheet and plate, hot-rolled-sheet, cold-rolled sheet and galvanized sheet metal.
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