What determines the price of steel in Houston, TX?
There are many factors that affect the price of steel in Houston, TX. The most important, and most variable, is the market price of new or surplus steel. As a volatile commodity, the price of steel is subject to changes month to month, week to week, day to day, or even hour to hour, sometimes dramatically. This directly affects the prices that manufacturers pay for raw materials, and the prices that surplus buyers pay to acquire used steel.
Added to that are the production costs for new steel, along with the manufacturer's profit margins, then the cost of transporting and storing new or surplus steel on the way to the retailer. If there are any intermediaries in the process, more transportation and storage fees may be added, as well as their cut of the profit.
At Texas Iron & Metal, we try to keep our prices as low as possible, while still making a reasonable profit. We work hard to get bulk discounts, special deals and quality, low-cost, less-than-prime and surplus steel so that we can pass the savings along to our customers.