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In a changing world, steel pricing becomes increasingly volatile—making the future unpredictable, sometimes wildly so. Carrying costs and FIFO losses can become significant liabilities on your earnings if you're not taking steps to mitigate the risk.
Get started here with quick answers about price risk management.
Hedging reduces risk of profit erosion due to commodity pricing volatility by locking in a future price agreement against physical buy. Contact our experts!
Worthington can offer fixed pricing for varying time durations to support your selling mechanism.
Worthington can help reduce the impact of these variables by providing fixed pricing options to help free up floor space, reduce your carrying costs and undesirable SKUs.
Worthington can match most indexes and our team can work with you on index, firm or hybrid pricing strategies.
You may want to hedge only a portion of your volume since fixed price agreements are legal contracts with firm volume…check with us!
The pricing team at Worthington works closely with purchasing so we can adjust SKU's if outside mill lead-times.
Let us handle the hedging so you can run your business, knowing you are controlling your margins. A dedicated team will partner with you to create a custom solution to meet your needs. We want it to be easy and convenient for our customers.
Pricing volatility for raw materials impacts the entire supply chain. Iron ore impacts steel, which in turn impacts scrap. Volatile prices plus high scrap rates can impact your margins significantly. Contact us with your challenges—we can help reduce cost.
If you are experiencing profit margin compression due to zinc pricing changes, we can help—with similar strategies and services for zinc price risk management as detailed above. Contact us for more information.
What is hedging? How can it help my business?
How do you support long-term fixed pricing for me?
I have limited space, high carrying cost, risk and damage with large physical steel buys...
I have a mix of customer pricing mechanisms...
What if I want to reduce my risk but am unsure of volume changes?
What do I do if my steel buys (SKUs) change but I want to lock in pricing?
I have limited resources for hedge accounting...
Can you help me manage volatility in scrap prices?
I buy galvanized and want to manage my risk in zinc...
Download our Price Risk paper for more information. And ask us anything. Our experts are always ready to help.
Your dedicated, attentive, multi-function customer service team includes a technical adviser.
From high quality galvanized to hot rolled to pickling, if it's steel, we make it. Better.
In-depth technical consultations and testing ensure you get the right steel solution for the job.
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