Steel Mills Drive Up Pricing

May 31, 2023 | By Jeff Swan | Topics: Lead Times, Litho Pails, Plain Pails, Steel Industry News

We are informing you that CSC is being hit hard by 2023 price increases from the steel mills. Overall, the steel index has seen pricing increase in March, April, and May of this year.

For example, Cleveland Cliffs has “announced seven increases totaling $550 per ton since the beginning of the year,” according to our friends over at Steel Market Update.

We asked David Schollaert, Senior Analyst at Steel Market Update, why these price increases were happening. He stated, The main cause of the price jump was renewed demand at the beginning of the year (seasonality) after there was some inventory management to close 2022. That was compounded by some production issues in Mexico (still happening with Ahmsa) and the unwillingness of US domestic mills to dial up production to meet a short-term supply-side squeeze. So they’ll ride the increase and hope to manage a slow correction.”

My hope is Q4 2023 sees some price relief provided by the mills based on Steel Market Updates Analysis.

I understand that this news may come as an inconvenience, but please know that we are trying our best to keep prices stable for as long as possible. We have passed along several straight quarters of price decreases to our customers! Don’t forget, we always pass along price decreases when mill prices decrease. 

We also remain committed to providing you with the highest quality steel pails and our unmatched delivery and lead times.

I appreciate your understanding and continued support over the past few years. Cleveland Steel Container would be nothing without its amazing customer base. 

If you have any questions or concerns, please do not hesitate to reach out to our customer service team. Your regional sales manager will be in touch soon to discuss further details about Q3 2023.

Thank you for your business and continued support! 

Jeff Swan

Hey there! My name's Jeff Swan and I'm the Sales and Marketing Specialist at Cleveland Steel Container.

Subscribe for a Pail Load of Great Content

  • CSC Pails guarantees 100% privacy, your information will not be shared. You may unsubscribe at any time:

Recent Posts
View All

2024 continues to be much stronger than last year, with our March already fully booked and our April about halfway booked as of this morning. We have had to extend our lead times for two main reasons: Demand, in general, this year is better than expected We received a large influx of orders after our...

2024 has started off much stronger than last year, with both January and February beating our initial forecast. We have had to slightly extend our lead times to be able to keep up with the increased demand, meaning our lead times are currently at 3-4 weeks instead of their usual 2-3 weeks. ​​ I know that prompt delivery is...

Hudson, OH – Cleveland Steel Container (CSC), a global leader in the steel pail industry, is thrilled to announce Akzo Nobel as the recipient of the coveted 2023 Golden Pail Award. This prestigious accolade is presented annually to one distinguished customer who exemplifies a true spirit of collaboration and partnership. Renowned for its innovative and sustainable...

As we start 2024, it's hard to believe some of the major stories developing within the steel industry, the biggest being the potential sale of US Steel to Nippon Steel. We experienced above forecasted volume for January, so please plan your orders accordingly. ​​​​​​ Here are a few stories we're watching closely: US STEEL BUYOUT...