As a manufacturer of Rolloff Containers our container prices are
primarily driven by Hot Rolled Steel prices.
There are a variety of things that attribute to current steel
prices, such as demand, import, trade cases, contract negotiations, weather, furnace
closing or shut downs, scrap prices and union strikes. It is hard to predict
how, if or even when any of these items will affect prices but there are a wide
range of publications and analyzes that can be very helpful in forecasting
Ferrous Scrap for September is forecast to move sideways (remain
the same as Aug.) or drop $ 20.00 a ton.
We try to keep ahead of market fluctuations in order to
stabilize container prices, by partnering with our supplier’s to lock down material
based on current order totals and forecast of future orders and try to secure
our steel at the lowest prices possible.
Steel prices for Hot Rolled steel are at lows that haven’t been
seen since early 2009. Forecast for the
future are looking to trend upwards slightly thru the 1st qtr. of
So this means we will working very closely with our suppliers to
stay ahead of market changes and order volumes and it may also be a good time
for anyone that purchases or uses equipment made of steel to look at repairing
or even replacing aging equipment while steel prices are down.