Cost Insights
by PowerAdvocate

Intelligence for energy companies seeking a data-driven approach to cost management

Top 10 Categories to Save on Steel

May 12, 2015 at 5:24 PM / by PowerAdvocate

The historic drop in steel prices continues.  Leading the pack is hot-rolled coil, down almost 35% since last year.

 

Decline

 

We looked at over $50 Billion dollars of sourceable, North American Utility spend in 2014 to see what the top steel dependent categories were.  Below are the top 10 ranked by steel exposure.

 

               Steel_Opp

 

For the utilities we work with, the opportunity in savings among just a few top steel categories is typically in the 10’s of millions.

Many of these categories also contain other materials like Copper and Aluminum that increase the opportunity for cost savings, sometimes greater than the opportunity in steel alone.

If you’d like to better understand your exposure to steel prices, or what potential savings you may be leaving on the table due to recent commodity shifts, contact us.

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