Deustsche Bank Analyst Dave Martin expects 2010 benchmark U.S. hot-rolled sheet in coil steel prices to rise 33% to $625/ton from the 2009 price average.Note: We have already seen Steel Pipe price increases of over 30% in the first 3 months of this year (2010).
One of the main reasons for the Steel Pipe increases is the strong demand from China on iron ore, coal, and scrap steel.Spot prices for coal have increased 15 to 20%.
Raw material prices are definitely on the rise, as well as energy and fuel costs.
One of the reasons many Distributors of Imported Steel Pipe are having shortages or holes in their inventory is that the price difference between Imported and Domestic ASTM A-53 GR A Pipe is now about 100%.In other words you’ll pay twice as much for Domestic Steel Pipe at their current prices.
GOOD NEWS FOR FENCING BUSINESS: Our Forster Aluminum Ornamental Fencing is still the same price as last year.This is one of the Best Buys for Fence Enclosures and Pool Fences.Buy Now and Save!
Please call, if we can help with any of your Steel Pipe or Fence Needs.Thank you.
