Steel prices-market volatility! WTF - Pirate4x4.Com : 4x4 and Off-Road Forum
 
Pirate4x4.Com : 4x4 and Off-Road Forum  

Go Back   Pirate4x4.Com : 4x4 and Off-Road Forum > General Tech > General 4x4 Discussion
Notices

Reply
 
Share Thread Tools Display Modes
Old 01-19-2004, 11:06 AM   #1 (permalink)
pimping sparks&smoke
 
weldpro's Avatar
 
Join Date: Mar 2000
Member # 444
Posts: 572
Steel prices-market volatility! WTF

I am curious what everyone else is experiencing with steel prices.
In the last two weeks I have seen things that we are regularly buying in quantities of 1000ft+ SURGE as high as 30% . Pretty much every steel product is on the rise. The numbers I am getting are from three major suppliers on the west coast (commercial acct- volume buying).
I did know that something was coming by watching that U.S. scrap steel has been on the rise(supposed to be a good economic indicator)however- it is being bought up in majority by the chinese.
If you buy in small quantities or large tell us your story. Anyone know or have heard anything good- like possible stabilization sometime soon.....I am hearing BRACE yourself for a wild ride.
Richard

Suppliers are
PDM- Reno , Nv.
TW Metals-LA , Ca.
MSS- Alt, Ca.
__________________
DBSONLY

Last edited by weldpro; 01-19-2004 at 11:08 AM.
weldpro is offline   Reply With Quote Quick reply to this message
Old 01-19-2004, 11:09 AM   #2 (permalink)
Registered User
 
big97redtj's Avatar
 
Join Date: Apr 2002
Member # 11356
Posts: 601
Send a message via AIM to big97redtj
We're still trying to figure it out. We got hit with a 30% increase on the tube for our axle program. It doesn't really hurt too much since there is only a few feet on each axle, but it's still a huge change overall.
big97redtj is offline   Reply With Quote Quick reply to this message
Sponsored Links
Old 01-19-2004, 11:14 AM   #3 (permalink)
Registered User
 
Join Date: May 2001
Member # 4456
Posts: 918
all steel has been goin up...with the closure of many US steel plants Including Kentucky Electric steel (i belive they are startin back up again soon..but not sure)...we were paying right around $.39 per lb for steel...and has now gone up to .45-.53...that dose not sound like alot...but when we are bulding 50+ trailers a year that cost us more than $75,000 just last year just added cost
Chaz M is offline   Reply With Quote Quick reply to this message
Old 01-19-2004, 11:14 AM   #4 (permalink)
Registered User
 
Join Date: Apr 2001
Member # 4099
Location: Tulsa, Oklahoma
Posts: 818
Send a message via AIM to JEEP_TJ_FREAK Send a message via Yahoo to JEEP_TJ_FREAK
I am currently researching new sources for SS surgical blades used by my daytime employer. It seems SS has taken a hell of a hit not so much reflected in price but I am having a difficult time filling the required volume.
__________________
Screw you guys I'm going home.
JEEP_TJ_FREAK is offline   Reply With Quote Quick reply to this message
Old 01-19-2004, 11:21 AM   #5 (permalink)
Registered User
 
Join Date: Jan 2002
Member # 9098
Location: KY
Posts: 514
Steel prices have been unstable for at least the last two years.

...I work for an auto supplier that uses a couple a tons a day.
Flipper is offline   Reply With Quote Quick reply to this message
Old 01-19-2004, 11:27 AM   #6 (permalink)
Registered User
 
Join Date: Nov 2001
Member # 8203
Location: West Milford NJ
Posts: 1,740
as the dollar sinks, american steel is becoming more attractive to foreign buyers.
__________________
super cool turbo 4runner
Sundowner is offline   Reply With Quote Quick reply to this message
Old 01-19-2004, 11:28 AM   #7 (permalink)
pimping sparks&smoke
 
weldpro's Avatar
 
Join Date: Mar 2000
Member # 444
Posts: 572
Quote:
Originally posted by Flipper
Steel prices have been unstable for at least the last two years.

...I work for an auto supplier that uses a couple a tons a day.
True for you.... however we are talking massive increases right now. When you use a couple tons a day you are seeing day to day price fluctuations up/down etc . For us we have been quite stable for the last two years-till these last two weeks.

Find out what you are paying today, and let us know.
Thanks
__________________
DBSONLY
weldpro is offline   Reply With Quote Quick reply to this message
Old 01-19-2004, 11:32 AM   #8 (permalink)
pimping sparks&smoke
 
weldpro's Avatar
 
Join Date: Mar 2000
Member # 444
Posts: 572
Quote:
Originally posted by Sundowner
as the dollar sinks, american steel is becoming more attractive to foreign buyers.
I have not been hearing that they are buying our new steel just our scrap(to make tube,sheet, etc. in their own mills) so that they can continue to make junk to sell right back to us.
__________________
DBSONLY
weldpro is offline   Reply With Quote Quick reply to this message
Old 01-19-2004, 11:38 AM   #9 (permalink)
Registered User
 
YJ4RoX's Avatar
 
Join Date: Oct 2000
Member # 1930
Location: Leon, WV
Posts: 2,375
over a year and a half ago i worked at a steel shop. We fabbed structural steel and warehoused as well. FOr regular shapes(tube, angle, etc..) and plates we averaged about $.29 cents a lb. Structural shapes, I-beams & such were @.38ish. Buy the time i left that job, plates were up to .35 and structural was .41.

The steel industry in my state has taken a big hit. All the little shops went bankrupt. My old employer, big shop, went bankrupt. The other large shops and suppliers are working 3 days a week.

2.5 years ago when i started in the steel business the shop ran 24-7 with 3 shifts and 100+ employees. There were 3 other shops in the area just as large. Now there are 2 and they are limited. My uncle still works at one so i get all the updates.
YJ4RoX is online now   Reply With Quote Quick reply to this message
Old 01-19-2004, 12:15 PM   #10 (permalink)
Registered User
 
Brad's Avatar
 
Join Date: Feb 2001
Member # 3239
Location: Benicia,CA
Posts: 5,829
Send a message via AIM to Brad Send a message via Yahoo to Brad
.50/lb for just small stuff
Alco Iron& Metal
http://www.alcometals.com/
__________________
B-RAD Fabrication
TDO DYSFUNCTIONAL ROCKCRAWLERS
Brad is offline   Reply With Quote Quick reply to this message
Old 01-19-2004, 12:23 PM   #11 (permalink)
Rock God
 
tubehead's Avatar
 
Join Date: Aug 2002
Member # 13221
Location: Olive Hill,KY
Posts: 1,610
Send a message via AIM to tubehead
I know Oneal had a 20% increase and possibly another 20% on the way. I know several people that worked for Kentucky Electric Steel and they have been waiting for the reopening but they finally ended up getting other jobs. They have opened the plant back up on a very limited basis.
__________________
Roark Fab Works
Atlas Support Ring
Authorized Spyderco knife dealer
Shooting targets
www.roarkfabrication.com
tubehead is offline   Reply With Quote Quick reply to this message
Old 01-19-2004, 12:38 PM   #12 (permalink)
Registered User
 
Join Date: Apr 2001
Member # 3968
Location: Chicago
Posts: 210
most of our tubing and sheetmetal suppliers have started to change the length of time they honor thier quotes...

we have to get bids on materials in order to price a job, but usually by the time we get it, we have to requote it....

Our number one tubing vendor just went to 10-day quotes.....

we just got an order that uses 20,000 lbs of sheet metal...our buy price turned out to be 15% higher than quoted....

we got way fawked....

15% across that kind of order amounts to some REAL money....

believe me, this really sucks....

I think it will get a little worse, before it gets any better....

word in the street (chicago is a good industry barometer) both manufacturing and machining is up, we're starting to get cookin, so that will pretty much stabilize the market (I hope)

Beezil
Midland Metal Products
chicago
Beezil is offline   Reply With Quote Quick reply to this message
Old 01-19-2004, 12:49 PM   #13 (permalink)
pimping sparks&smoke
 
weldpro's Avatar
 
Join Date: Mar 2000
Member # 444
Posts: 572
This has been very informative to me . I almost feel somewhat lucky by comparison to some of what I am hearing here- sad stories with folks losing jobs , shops cutting time to three days , and overall losses on bid out jobs.
I too am hoping that we see some stability come around soon but like most I am sure we are going to get hit for atleast a short while before we see this. One thing that would be cool to see is the US steel mills(the ones closed right now) coming back online.
Richard
__________________
DBSONLY
weldpro is offline   Reply With Quote Quick reply to this message
Old 01-19-2004, 01:03 PM   #14 (permalink)
Registered User
 
Join Date: Nov 2001
Member # 8203
Location: West Milford NJ
Posts: 1,740
last steel bridge I priced was $0.40/lb raw and $1.02/lb fabricated for steel beams.

this is really going to piss me off.
higher steel prices means I have to design more shitty (read: cost effective) prestressed concrete beams.

I hate concrete beams.
__________________
super cool turbo 4runner
Sundowner is offline   Reply With Quote Quick reply to this message
Old 01-19-2004, 01:08 PM   #15 (permalink)
Registered User
 
Join Date: May 2002
Member # 11975
Location: Bemidji
Posts: 1,291
Send a message via AIM to MikeW Send a message via MSN to MikeW Send a message via Yahoo to MikeW
I really wish our steel industry would be productive like it was in the 70's. Foreign Steel Dumping
MikeW is offline   Reply With Quote Quick reply to this message
Old 01-19-2004, 01:20 PM   #16 (permalink)
Registered User
 
Join Date: Apr 2002
Member # 11168
Location: Poulsbo WA
Posts: 1,129
Send a message via Yahoo to d.d.machine
I don`t do a lot with steel but alum is still at a good price, just got 500+ lbs of 6061 for $1.46 it was all rounds but thats better than the close to $3.00 a pound I was paying a year ago for the same chit, After 20+ years of working in machine shops I have seen this wave of price go by every few years so just ride it out and it well pass. for the most part steel has not changed mutch in price over the years, I was paying 18 cents a pound 20 years ago.

Duffy
d.d.machine is offline   Reply With Quote Quick reply to this message
Old 01-19-2004, 01:27 PM   #17 (permalink)
Registered User
 
Join Date: May 2002
Member # 11612
Location: Hickory / Hiddenite NC
Posts: 714
Quote:
Originally posted by MikeW
I really wish our steel industry would be productive like it was in the 70's. Foreign Steel Dumping

Not so quick. Some blame goes to labor unions but most of it goes to the steel industry not upgrading their mills to improve effiecency. Look at NUCOR for a steel company that went the right way.

In furniture, (my biz) steel has went up about 16% in the last 18 months
__________________
[COLOR=DarkGreen]94 Bronco EB- ZF 5SP, SAS ongoing[/COLOR]
[COLOR="DarkOrange"]Corley Body Works- RestoMods & Classic Restoration[/COLOR]
[COLOR=Red]Need Scout Parts? [url]www.jpscout.com[/url][/COLOR]
Franklin is offline   Reply With Quote Quick reply to this message
Old 01-19-2004, 02:42 PM   #18 (permalink)
pimping sparks&smoke
 
weldpro's Avatar
 
Join Date: Mar 2000
Member # 444
Posts: 572
Quote:
Originally posted by d.d.machine
I don`t do a lot with steel but alum is still at a good price, just got 500+ lbs of 6061 for $1.46 it was all rounds but thats better than the close to $3.00 a pound I was paying a year ago for the same chit, After 20+ years of working in machine shops I have seen this wave of price go by every few years so just ride it out and it well pass. for the most part steel has not changed mutch in price over the years, I was paying 18 cents a pound 20 years ago.

Duffy
I have not had to purchase any aluminum lately so I was going to ask that question! Thanks for the response.
Richard
__________________
DBSONLY
weldpro is offline   Reply With Quote Quick reply to this message
Old 01-19-2004, 04:23 PM   #19 (permalink)
Registered User
 
Join Date: May 2002
Member # 11975
Location: Bemidji
Posts: 1,291
Send a message via AIM to MikeW Send a message via MSN to MikeW Send a message via Yahoo to MikeW
Quote:
Originally posted by Franklin


Thanks for correcting me there, when labor unions demand higher wages, they drive companies to outsource labor.

Not so quick. Some blame goes to labor unions but most of it goes to the steel industry not upgrading their mills to improve effiecency. Look at NUCOR for a steel company that went the right way.

In furniture, (my biz) steel has went up about 16% in the last 18 months
MikeW is offline   Reply With Quote Quick reply to this message
Old 01-19-2004, 04:27 PM   #20 (permalink)
Registered User
 
Join Date: Dec 2001
Member # 8730
Location: hell
Posts: 494
steel is bouncing around here as much as 15% in a DAY, scrap jumpped to $113 a net ton
__________________
[QUOTE=ScottFJ40]
With a face like that, she better piss 100 year old scotch, and fart sunshine. [/QUOTE]
bigNATE® is offline   Reply With Quote Quick reply to this message
Old 01-19-2004, 06:01 PM   #21 (permalink)
pimping sparks&smoke
 
weldpro's Avatar
 
Join Date: Mar 2000
Member # 444
Posts: 572
Quote:
Originally posted by blackICE ®
steel is bouncing around here as much as 15% in a DAY, scrap jumpped to $113 a net ton
you almost seem happy about this!?

Do you sell scrap?

Tell me more!!!!
__________________
DBSONLY
weldpro is offline   Reply With Quote Quick reply to this message
Old 01-19-2004, 06:09 PM   #22 (permalink)
Zeus of the Sluice
 
braxton357's Avatar
 
Join Date: Nov 2002
Member # 14685
Location: morganton/charlotte,nc
Posts: 4,523
Send a message via AIM to braxton357
Quote:
Originally posted by Franklin



Not so quick. Some blame goes to labor unions but most of it goes to the steel industry not upgrading their mills to improve effiecency. Look at NUCOR for a steel company that went the right way.

In furniture, (my biz) steel has went up about 16% in the last 18 months
Where do you get yours? Benco?
__________________
In vino veritas

70 turbocharged 351w fastback mustang
73 linked 5.8efi Bronco
99 QCLB 4x4 twin'd cummins on meth.
braxton357 is offline   Reply With Quote Quick reply to this message
Old 01-19-2004, 07:04 PM   #23 (permalink)
Registered User
 
Join Date: Jul 2002
Member # 12615
Location: Tulsa, Ok
Posts: 517
I buy and sell 100+ tons of pipe a month. the price has been fairly stable for the last 2 years. it has gone up 16% since the first of December and is expected to rise 10-12% per month untill early summer. It won't last its just time for some idiots to create a shortage to squeeze out a bunch of extra $$$$$$$$ it happens every few years its just worse this time than normal.
__________________
The bus I ride is so short it is a yellow Smart Car full of squirrels, monkeys and clowns.
YELLER BLAZER is offline   Reply With Quote Quick reply to this message
Old 01-19-2004, 08:36 PM   #24 (permalink)
Registered User
 
Rescue's Avatar
 
Join Date: Dec 2003
Member # 25600
Location: Canada Quebec 5 min from Ottawa
Posts: 1,247
We Canadians are suffering too! Our steel is going to China! Our prices went up 15% in a few days. I pay my steel at 99 cents a pound!!! It cost me 30$ for a 4 foot piece 2x2 3/16"
__________________
85 4Runner 35" M/T no lift (fender trim), 5.29, spooled rear, Marlin Crawler dual T-cases, Smurfields, home made can back& pull pal,headers, k&n, Premier power welder, dual batteries, armor, etc.
82 custom short bed (show truck) swapped in a 22RE with W56 transmission riding on 35" BFG's, Sold...
Rescue is offline   Reply With Quote Quick reply to this message
Old 01-19-2004, 10:13 PM   #25 (permalink)
Registered User
 
Join Date: Apr 2001
Member # 3968
Location: Chicago
Posts: 210
Quote:
Originally posted by weldpro


you almost seem happy about this!?

Do you sell scrap?

Tell me more!!!!
hell yeah!!!!

its great news.

last time my scrap hopper/compactor (about 60 yard) was picked up last week, we goty 80 bucks a ton.....

113 sounds good to me!
Beezil is offline   Reply With Quote Quick reply to this message
Reply

Quick Reply
Message:
Options

Register Now

In order to be able to post messages on the Pirate4x4.Com : 4x4 and Off-Road Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.

** A VERIFICATION EMAIL IS SENT TO THIS ADDRESS TO COMPLETE REGISTRATION!! **

Email Address:

Log-in

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.



Thread Tools
Display Modes

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -7. The time now is 02:30 PM.


Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.6.0 ©2011, Crawlability, Inc.