steel pricing

Joel_3

I am getting info from my supliers that steel pricing is going through the roof for ductwork etc. I don't get it, a year or 2 ago they put tariffs in place to protect american steel plants so the price would stay up versus cheap imports. Now i think they removed the tariffs, shouldn't that lower the price not raise it?. The notes i got said something about the U.S. not being attractive to ship to and lots of steel going to China as they are in a biulding boom. If this trend continues along with the rising gas prices i'm going to have to really raise my rates for A/C work. Very quickly, as I'm pricing and selling all our summer work right now. Anybody else here about this and have any insight to what's going on??>

scrook_2

as with copper...

It may, at least partly, be due to increased demand in China for steel as well as copper (which is at 7-8 year highs). I believe there have also been some disruptions in mining of copper in the last year or so too that have also contributed to its rise. If your materials costs go up then your quotations are going to have to go up too, but your competitors should feel the same materials price pressures also.

scrook_2

do a google news search

at: news.google.com for "steel prices" and for "copper prices"

China's steel consumption is up 30% from a year ago -- plus they are now consuming about 1/3 of the world's steel production, increased energy costs also are driving up the price as steel production is energy intensive, and the weaker US dollar increases the price of imported (into the US) steel. The US is not the only one strugling w/ the sudden runup in price, India particularly, though there are also references to Kenya and Australia also taking a hit on their construction projects.

Keep a close eye on your materials costs this spring/summer, especially on larger or longer lead time jobs.

Joel_3

steel

Just heard that price for flat stock has doubled in the last few months, looking at increases again coming later in spring probably.

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flange

there is a really good article about this in fortune mag last week or the week before. high demand in china means less available supply here and elsewhere. steel mills are very picky about their selling these days due to high demand which inflates prices for everyone.

GaryDidier

Steel prices

If you hear a huge sucking sound, it is China using a large portion of the worlds resourses to industrialize and modernize. If they continue at this pace what do you think will happen to the price of energy. This will lead to double increases in all costs and it is happening right now!

We can't complain too loudly because we have for years used a disproportionally large share of the worlds energy. The world has reached the point where we are consuming resources faster than can be supplied. China's massive economy and population gearing up will have a long term impact we are just starting to feel.

I fear energy and raw material prices will have substantial increases and supply problems.

GaryDidier

Steel prices

If you hear a huge sucking sound, it is China using a large portion of the worlds resourses to industrialize and modernize. If they continue at this pace what do you think will happen to the price of energy. This will lead to double increases in all costs and it is happening right now!

We can't complain too loudly because we have for years used a disproportionally large share of the worlds energy. The world has reached the point where we are consuming resources faster than can be supplied. China's massive economy and population gearing up will have a long term impact we are just starting to feel.

I fear energy and raw material prices will have substantial increases and supply problems. You can protect yourself and your customers by investing in efficient, quality heating and cooling equipment.Also insulation and anything that can be done to tighten our buildings to reduce energy use

GaryDidier

Steel prices

If you hear a huge sucking sound, it is China using a large portion of the worlds resourses to industrialize and modernize. If they continue at this pace what do you think will happen to the price of energy. This will lead to double increases in all costs and it is happening right now!

We can't complain too loudly because we have for years used a disproportionally large share of the worlds energy. The world has reached the point where we are consuming resources faster than can be supplied. China's massive.economy and population gearing up will have a long term impact we are just starting to feel.

I fear energy and raw material prices will have substantial increases and supply problems. You can protect yourself and your customers by investing in efficient, quality heating and cooling equipment.Also insulation and anything that can be done to tighten our buildings to reduce energy use. Brace yourselves, I think we will be in for a rocky road ahead. There will also be many new opportunities ahead.

My rant for the day, Gary from Granville

GaryDidier

Steel prices

If you hear a huge sucking sound, it is China using a large portion of the worlds resourses to industrialize and modernize. If they continue at this pace what do you think will happen to the price of energy. This will lead to double increases in all costs and it is happening right now!

We can't complain too loudly because we have for years used a disproportionally large share of the worlds energy. The world has reached the point where we are consuming resources faster than can be supplied. China's massive.economy and population gearing up will have a long term impact we are just starting to feel.

I fear energy and raw material prices will have substantial increases and supply problems.I have recieved notification from several suppliers of rising prices[almost daily] and possible shortages of copper and steel pipe,roofing products, nails, vinyl siding, Etc. You can protect yourself and your customers by investing in efficient, quality heating and cooling equipment.Also insulation and anything that can be done to tighten our buildings to reduce energy use. Brace yourselves, I think we will be in for a rocky road ahead. There will also be many new opportunities ahead.

My rant for the day, Gary from Granville

GaryDidier

Steel prices

If you hear a huge sucking sound, it is China using a large portion of the worlds resourses to industrialize and modernize. If they continue at this pace what do you think will happen to the price of energy. This will lead to double increases in all costs and it is happening right now!

We can't complain too loudly because we have for years used a disproportionally large share of the worlds energy. The world has reached the point where we are consuming resources faster than can be supplied. China's massive.economy and population gearing up will have a long term impact we are just starting to feel.

I fear energy and raw material prices will have substantial increases and supply problems. I have recieved notification from several suppliers of rising prices[almost daily] and possible shortages of copper and steel pipe,roofing products, nails, vinyl siding, Etc. You can protect yourself and your customers by investing in efficient, quality heating and cooling equipment.Also insulation and anything that can be done to tighten our buildings to reduce energy use. Brace yourselves, I think we will be in for a rocky road ahead. There will also be many new opportunities ahead.

My rant for the day, Gary from Granville