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OT-Price of steel
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Tspud1
Posts: 1,486
Has any one else checked on steel prices to compare how much they have gone up? My stainless quote is 19% higher than last order. Enamel steel is up over 33%.
Comments
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I wonder what could be contributing to that?
“Reality is that which, when you stop believing in it, doesn't go away.” ― Philip K. Diçk -
Tspud1 said:Has any one else checked on steel prices to compare how much they have gone up? My stainless quote is 19% higher than last order. Enamel steel is up over 33%.A bison’s level of aggressiveness, both physical and passive, is legendary. - NPS
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HeavyG said:I wonder what could be contributing to that?fukahwee maineyou can lead a fish to water but you can not make him drink it
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Thank God our steel producers can now compete! So many honest hardworking Americans now have a chance to compete in the US steel market!
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stv8r said:Thank God our steel producers can now compete! So many honest hardworking Americans now have a chance to compete in the US steel market!
I am all about America first, but I pesonally Don't see how we do this without hurting every other industry.A bison’s level of aggressiveness, both physical and passive, is legendary. - NPS -
I like gerbils______________________________________________I love lamp..
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stv8r said:Thank God our steel producers can now compete! So many honest hardworking Americans now have a chance to compete in the US steel market!______________________________________________I love lamp..
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Ozzie_Isaac said:stv8r said:Thank God our steel producers can now compete! So many honest hardworking Americans now have a chance to compete in the US steel market!
I am all about America first, but I pesonally Don't see how we do this without hurting every other industry.They/Them
Morgantown, PA
XL BGE - S BGE - KJ Jr - HB Legacy - BS Pizza Oven - 30" Firepit - King Kooker Fryer - PR72T - WSJ - BS 17" Griddle - XXL BGE - BS SS36" Griddle - 2 Burner Gasser - Pellet Smoker -
steel prices will probably come downfukahwee maineyou can lead a fish to water but you can not make him drink it
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HeavyG said:I wonder what could be contributing to that?
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DoubleEgger said:HeavyG said:I wonder what could be contributing to that?
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DoubleEgger said:HeavyG said:I wonder what could be contributing to that?
If EU steel gets the tariff, equivalent value tariffs will be imposed in the other direction and then we're probably heading on a downward spiral. -
Tspud1 said:DoubleEgger said:HeavyG said:I wonder what could be contributing to that?
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nolaegghead said:I like gerbils
"Social media gives legions of idiots the right to speak when they once only spoke at a bar after a glass of wine, without harming the community [...] but now they have the same right to speak as a Nobel Prize winner. It's the invasion of the idiots."
-Umberto Eco
2 Large
Peachtree Corners, GA -
A little accounting knowledge is in play here. "Cost of goods sold" is based on how a company which uses steel or any other material values their inventory. There are two methods - "FIFO" means First In First Out. In other words in the case of rising steel prices the oldest material acquired at the old lower cost is used first thus the cost of goods sold are lower so their profit margin is higher.
The other method is "LIFO" which means Last In First Out. In the case of rising steel prices the latest material acquired at the new higher price is used raising the cost of goods sold and lowering profit and therefore the price is raised to maintain their level of profit.Re-gasketing America one yard at a time. -
I like rubber gerbils.Philly - Kansas City - Houston - Cincinnati - Dallas - Houston - Memphis - Austin - Chicago - Austin
Large BGE. OONI 16, TOTO Washlet S550e (Now with enhanced Motherly Hugs!)
"If I wanted my balls washed, I'd go to the golf course!"
Dennis - Austin,TX -
Eoin said:DoubleEgger said:HeavyG said:I wonder what could be contributing to that?
If EU steel gets the tariff, equivalent value tariffs will be imposed in the other direction and then we're probably heading on a downward spiral.
They are raising the price on 100% of the steel. Much of the steel we use is from the US. Dont know if we can print price lists fast enough
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DoubleEgger said:HeavyG said:I wonder what could be contributing to that?
“Reality is that which, when you stop believing in it, doesn't go away.” ― Philip K. Diçk -
I just put in an order for 7,000 lbs of 304 EPQ wire. I specify the NAS plant so it's USA rough drawn. This order is up about 14% from the order delivered last month.
My supplier has been paranoid over this surcharge. He tells me it will go up again, maybe 25% on next order. I think this is a chance for all in the supply chain to jump on with a price increase. Well see how it goes.
I'll be curious to see what happens to DFARs from Europe.
twww.ceramicgrillstore.com ACGP, Inc. -
tjv said:I just put in an order for 7,000 lbs of 304 EPQ wire. I specify the NAS plant so its USA rough drawn. This order is up about 14% from the order delivered last month.
My supplier has been paranoid over this surcharge. He tells me it will go up again, maybe 25% on next order. I think this is a chance for all in the supply chain to jump on with a price increase. Well see how it goes.
I'll be curious to see what happens to DFARs from Europe.
t
fukahwee maineyou can lead a fish to water but you can not make him drink it -
fishlessman said:tjv said:I just put in an order for 7,000 lbs of 304 EPQ wire. I specify the NAS plant so its USA rough drawn. This order is up about 14% from the order delivered last month.
My supplier has been paranoid over this surcharge. He tells me it will go up again, maybe 25% on next order. I think this is a chance for all in the supply chain to jump on with a price increase. Well see how it goes.
I'll be curious to see what happens to DFARs from Europe.
t
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And when "the wall" goes up, so do our groceries, 300%! 'murica!!
_____________Remember when teachers used to say 'You won't have a calculator everywhere you go'? Well, we showed them.
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At least we're great again.
"Too bad all the people who know how to run the country are busy driving cabs and barbecuing." - George Burns -
RRP said:A little accounting knowledge is in play here. "Cost of goods sold" is based on how a company which uses steel or any other material values their inventory. There are two methods - "FIFO" means First In First Out. In other words in the case of rising steel prices the oldest material acquired at the old lower cost is used first thus the cost of goods sold are lower so their profit margin is higher.
The other method is "LIFO" which means Last In First Out. In the case of rising steel prices the latest material acquired at the new higher price is used raising the cost of goods sold and lowering profit and therefore the price is raised to maintain their level of profit.
+++++++++++++++++++++++++++Austin, Texas. I'm the guy holding a beer. -
Sardonicus said:
"At least we're great again."
- Jeremiah Wright Jr.
"Social media gives legions of idiots the right to speak when they once only spoke at a bar after a glass of wine, without harming the community [...] but now they have the same right to speak as a Nobel Prize winner. It's the invasion of the idiots."
-Umberto Eco
2 Large
Peachtree Corners, GA -
GATraveller said:Sardonicus said:
"At least we're great again."
- Jeremiah Wright Jr.
if that was even remotely relevant.
"Too bad all the people who know how to run the country are busy driving cabs and barbecuing." - George Burns -
GATraveller said:Sardonicus said:
"At least we're great again."
- Jeremiah Wright Jr.
They/Them
Morgantown, PA
XL BGE - S BGE - KJ Jr - HB Legacy - BS Pizza Oven - 30" Firepit - King Kooker Fryer - PR72T - WSJ - BS 17" Griddle - XXL BGE - BS SS36" Griddle - 2 Burner Gasser - Pellet Smoker -
"Social media gives legions of idiots the right to speak when they once only spoke at a bar after a glass of wine, without harming the community [...] but now they have the same right to speak as a Nobel Prize winner. It's the invasion of the idiots."
-Umberto Eco
2 Large
Peachtree Corners, GA -
DMW said:GATraveller said:Sardonicus said:
"At least we're great again."
- Jeremiah Wright Jr.
"Social media gives legions of idiots the right to speak when they once only spoke at a bar after a glass of wine, without harming the community [...] but now they have the same right to speak as a Nobel Prize winner. It's the invasion of the idiots."
-Umberto Eco
2 Large
Peachtree Corners, GA
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