Press Release Archives - Page 2 of 3

Today we are announcing a decrease for our steel pail prices for Q3 2024 due to falling cold rolled steel costs and demand.

This decrease will be effective with orders shipped on or after July 1st, 2024, and remain in place for the remainder of Q3.

CSC has developed a reputation of being fair when it comes to steel pail price adjustments due to changes in steel costs, both on the way up and on the way down.

I firmly believe our pricing reflects an unmatched value package within the steel pail industry. Nowhere else do you have access to:

A dedicated customer service representative who understands your business and replies promptly to your request
A Technical Center dedicated to designing and improving our pail-making machinery
ISO 9000-2015 Certified
A Triplex® Steel Pail designed for a stronger, safer steel pail
Years of Excellent On-Time, Complete and Quality Performance

All at one company and for any customer, whether they are a Fortune 500 or small Mom-and-Pop business!

Whenever I send out these quarterly pricing letters, I try to keep you informed about the latest trends in the steel market, as reported by Steel Market Update.

Here’s a brief overview of the current situation:

Price Update: Cold rolled coil prices have decreased by $10/st, averaging $1,035/st FOB mill. This is part of a broader trend of declining steel prices.
Market Factors: The reduction in prices seems to be due to moderate/weaking demand, increased domestic capacity, and higher import volumes.
Outlook: According to Steel Market Update, the price momentum indicator for cold rolled steel remains lower, suggesting further declines over the next 30 days.
Lead Times: Current lead times for cold rolled coil range from 4 to 10 weeks, with an average of 6.7 weeks based on recent surveys.

Thank you for your continued trust in our company. If you have any questions about an upcoming pail order, don’t hesitate to contact your sales manager!

Kindly,

Dan Roether
Vice President of Sales