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lsc76cat
Senior Advisor

Steel Prices

Late on Friday, Nucor announced a $35 a ton or 1.75 cwt. increase on beams and all mini mill products.

We expect all of the other major mills to follow suit.  

Here is a summary of increases since last fall:

Total Plate increases announced of $330 a ton or 16.50 cwt.

Total Sheet, Coil, and Strip Mill Plate increases announced of $220 a ton or 11.00 cwt.

Total Tubing increases announced of $340 a ton or 17.00 cwt.

Total Beam increases of $225 a ton or 11.25 cwt.

Total Mini Mill (Angles, Flats, Channels, and Rounds) increases of $135 a ton or 6.75 cwt

 

Lead times are also an issue as mills adapt to providing types/sizes they may not have produced before.

 

 

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8 Replies
k-289
Esteemed Advisor

Re: Steel Prices

Isc  -  Interesting  read,   Thanks 

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elcheapo
Senior Advisor

Re: Steel Prices

And we are going to put the hurt on CHINA ??

The question is, if this is settled, will steel
Prices go down as much they went up ??
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sw363535
Honored Advisor

Re: Steel Prices

We are addicted to cheap labor and cheap products............ can we afford to hire ourselves........ ????

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JimMeade
Veteran Advisor

Re: Steel Prices

Better get your grain bin bought before prices go up even more.

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k-289
Esteemed Advisor

Re: Steel Prices

'''' Excellent '''   -  I'm  told  by  my  son's  I'm  over-qualified  for  my  position -  resume  being  reevaluated  - - - 

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elcheapo
Senior Advisor

Re: Steel Prices

Isc....the figures mentioned, was that the price
After the higher prices....or is it just the increase !!

I noted the round stock....I was wanting to buy
Some steel panel.....I need to build fence (don't
Now why ponds dry, no grass) how much will
Steel posts go up ?

Guess we need to start making stuff out of plastic


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sw363535
Honored Advisor

Re: Steel Prices

I did something I have never done before today.

I finished a small plumbing project and today I took the extra fittings I had left over back to the hardware store.

I would have put them in inventory in years past.....

6 little 1 inch black pipe fittings $ 38.  the Cheap imported kind.

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k-289
Esteemed Advisor

Re: Steel Prices

SW  -  how  would  you  like  to  match  these  numbers with  a  $12/ hour salary  ?  ?

 

And  they  wonder  why  folks   are  on  food  assistance  ?  ? 

 

Import  logi$ticS   don't  cost  much  ?   Yaaa  Sure -  You  Betcha 

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