Sources:
- FRED – https://fred.stlouisfed.org/
- Investing.com – https://investing.com
- Data through July 12, 2022. Scrap Index data from St. Louis Fed as of May 2022.
Hot Rolled Coil, Iron Ore, Scrap Index, #1 Busheling Scrap
- The above represent raw material input costs that directly impact our cost of goods.
- HRC pricing has decreased 52% in the past year and 37% YTD.
- Iron Ore pricing is down 48% in the past year and down 2% YTD.
- The Scrap Index and #1 Busheling Scrap have declined in recent months after rising earlier in the year.
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.