HomeBlogShifting Hot Roll Coil Prices In The U.S.

Shifting Hot Roll Coil Prices In The U.S.

Increased availability of domestically-manufactured hot rolled coil steel has contributed to a fluctuation in prices for suppliers and buyers alike. Towards the end of August, the changes became apparent to multiple industry insiders.

These changes have prompted at least one supplier to take an extremely aggressive approach toward moving their HRC inventory. This is presumably a response to an unexpected increase in stock. However, new orders of HRC are beginning to decrease as well.

More than one mill executive, as well as one prominent buyer have agreed that $670/st appears to be the best price available. In fact, one source proclaimed that this may turn into a fixed rate for suppliers throughout the last quarter of the year. If nothing else, these prices will most likely roll into the month of September, moving forward.

On the flip side, prices for US-produced OCTG steel goods are anticipated to rise through the end of the year and into the first quarter of 2015. A dip is projected for Q2 of the new year. This is a result of a number of suppliers threatening to cancel orders from foreign mills if the newly established duties are not met. Without the potential influx of foreign OCTG, domestic suppliers are attempting to raise prices to meet demand.

Stay tuned to JD Fields for future updates.

JD Fields Construction Group

JD Fields Construction Group

Prior to founding J D Fields & Company, Jerry Fields gained decades of experience in construction products and piling applications managing equipment rentals, material sales, and product operations. Coupled with his oil and gas experience, Jerry built a rock solid foundation of industry knowledge and relationships that allowed him and his partners to start the company in 1985. Incorporated in Houston, Texas, JDF quickly diversified into multiple construction markets and applications. Today, it is a premiere international source for natural gas pipe and piling products. Strategically positioned at the Port of Houston corridor, our flagship stocking facility has 40 acres of laydown area with steel processing and fabrication capabilities. We carry more than 50,000 tons of pipe and piling inventory throughout the states to serve North America, Canada, Mexico, the Caribbean and other international markets.

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