Rising Steel Prices Are Impacting Farrier Supply Prices

Whether steel is used for producing shoes, nails, forges, anvils, farrier tools or shoeing rigs, the ever-increasing price of steel is certainly having an impact on manufacturing costs and pricing.

Over the past 12 months, manufacturers in many industries have seen steel prices increase by nearly 80%, and even more with some specialty steel products. As an example, the price of hot rolled steel increased by over $400 per ton during a recent 8-month span and by as much as $250 per ton in a single month. In addition, several foundries and steel mills recently put into effect their second surcharge in 2 months for steel products, adding as much as 45 cents per pound to prices.

Adding to higher prices is the fact that iron ore prices have increased 71% this year. Two other crucial steelmaking ingredients, coking coal and scrap steel, have doubled in price.

A supplier outside the farrier industry recently told AFJ editors the current supply steel environment is the most inflationary he’s seen in 23 years. He describes it as a vicious, perpetuating cycle where steel suppliers raise prices at the drop of a hat, taking full advantage of steel scarcity issues.

OTHER INDUSTRY NEWS...

  • The International Team Horseshoeing Championships held annually for many years at Stoneleigh in England have outgrown the facilities. Next year’s competition will move to the international equestrian arena at the Aintree Race Course near Liverpool. This move will allow more international teams to compete in the late August event.
  • Former…
To view the content, please subscribe or login.
 Premium content is for our Digital-only and Premium subscribers. A Print-only subscription doesn't qualify. Please purchase/upgrade a subscription with the Digital product to get access to all American Farriers Journal content and archives online.

Top Articles

Current Issue

Cover_AFJ_0720_pub.jpg

American Farriers Journal

American Farriers Journal is the “hands-on” magazine for professional farriers, equine veterinarians and horse care product and service buyers.
View More

Must Read Free Eguides

Download these helpful knowledge building tools

View More
Top Directory Listings