- The above represent raw material input costs that directly impact our cost of goods.
- HRC pricing has increased 14% in the past year and 7% YTD.
- Iron Ore pricing continues to rebound, rising 34% YTD.
- The Scrap Index has remained relatively stable for the past several months, although #1 Busheling Scrap has shown increases in recent months.
Sources:
- FRED – https://fred.stlouisfed.org/
- Investing.com – https://investing.com
About Trident Steel
Trident Steel is a leading supplier of oil country tubular goods, line pipe and poly pipe throughout the United States. We represent only the finest API-licensed domestic and international pipe mills and offer a wide range of services to meet customer needs. Our job-ready inventory includes new ERW and seamless API 5CT tubing and casing as well as API 5L/ASTM ERW line pipe. Our mission is to provide the best customer service, products, and availability in the industry. We are available 24/7 – contact us today to learn how we can serve you.