Market Data
March 21, 2014
Steel Buyers Basics: Painted Steel Price Calculator
Written by Mario Briccetti
Editor’s note: Leading paint suppliers have announced price increases effective in January, which will impact the market for prepainted steel and aluminum (see related article). The following SMU Steel Buyers Basics article authored by Mario Briccetti and reprinted from March 2014 explains how the cost of the paint calculates into the cost of prepainted products.
Buyers of coil coated painted steel do not actually purchase any paint, they purchase the service of painting from a coil coater – the coil coater buys the paint as part of the service they supply. Typically, an end buyer never sees the actual price of the paint and only sees the resulting impact on the cost of the painting service. This article explains the amount of paint that is typically used in this process so that buyers can better understand what ability they have to negotiate paint increases.
