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hold tight! stainless prices are skyrocketing!!!

leo g_13
leo g_13 Member Posts: 435
from my local Allied rep. it appears that the world wide shortness of metals has hit stainless especially hard. The Allied indirects are to go up by 60% (yes, six! zero!) as of June first. is this the canary in the coal mine????

leo g

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Comments

  • Weezbo
    Weezbo Member Posts: 6,232
    Watch our ¦¤T of our bank accounts as the money smokes..

    its way out like radiant going to the cold! Thanks Cheese :) (¡ã.~)
  • DH
    DH Member Posts: 21
    The cost increase in stainless for indirect

    Leo- Are you sure about the 60%,My Allied Rep tells me it is a price increase June 1st of approx 16% not 60%.
    They would never survive with that type of increase.
    They are probably absorbing some of the extended costs for now.
  • leo g_13
    leo g_13 Member Posts: 435
    i thought

    it was 16% also, but i got my wholesaler to quote me on the new price - it was a 60% jump! if this is really the case, then i would imagine that everyone else that uses stainless will be eventually doing the same.

    leo g

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  • leo g_13
    leo g_13 Member Posts: 435
    correction!

    OK OK OK! just got off the phone the rep hisself, and no not 60% but 16%. needless to say, my salesman at the wholesaler has some splaining to do!

    sorry if you got as shocked as i did (yes i did change my pants!).

    leo g

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  • Ranger
    Ranger Member Posts: 210
    Steel Shortage

    The correct number is 66%(as of 04/04)since june of 2003.(Google World Steel Crisis)
    A-L-L of my venders who's products have steel/copper/brass
    etc. now send me monthly price increases from 3-15% (From B & G to Hart & Cooley to Mueller brass)3 x 8'sheets of 26 gauge metal have gone from $10 to $22 per sheet in the last
    two months.I've also had the experience already of trying to
    order large steal bearing item's such as oil seperator's,shell & tube heat exchangers & special compressors where the vendors could or would not hold to any priceing until the items we built (provideing thay could get the material to build them)In conversation with the rep.for our sheet metal provider is that after haveing
    to deal with such a sharp increase for raw meterials is that
    the bottom would fall out next.Thay are very concerned right now.I have a copy of an article from Feb.21st. from USA Today that we have pinned-up near the counter (along with others) stateing the steel shortage/crisis.
  • Mike Kraft_2
    Mike Kraft_2 Member Posts: 398
    Hey Weeze!

    Don't thank me..............thank Alan Forbes.He's the one responsible ‰:)∆

    cheese (the only problem is the Wall can't read the format)
  • Mad Dog
    Mad Dog Member Posts: 2,595
    All raw materials are way up

    so is liability and comp. Time to raise prices. Mad Dog

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  • Jed_2
    Jed_2 Member Posts: 781
    And get Busch the #^*) out of the White House! (NM)

  • Jed_2
    Jed_2 Member Posts: 781
    Leo, maybe you just heard him

    wrong the first time. Sixty-- Sixteen-- could sound alike over the phone. JMHO

    Jed
  • S Ebels
    S Ebels Member Posts: 2,322
    GW

    Is likely not the cause of price increases. Like it or not, in the last few years, the USA has lost it's lock on the world economy. We are in the midst of a global economic uptick and demand for a lot of raw material is outpacing supply. It's simple economics my friend. Do your reading and research, the facts are there for all to see. Huge increases in demand for steel, copper, fuel, electricity etc., are popping up in countries that 10 years ago couldn't manufacture a tin can let alone an automobile.
  • Weezbo
    Weezbo Member Posts: 6,232
    >(¡ã.¡ã)< Now i can draw Aliens:) Kewl:)

    I know they dont ho a row a beans however now i have the wherewithall to draw aliens so i can describe them to the cops when they run off with my small tubing cutters or tapemeasure as they have been doing for years. I used to think it was Trolls:) then about 30 years ago i noticed they had incorperated and were now financially independent no longer hockin my tools at the local hoc shop they had gone into business and have since been selling me fill trolls, Well trols, Amtrols, Ex trolls They Must Be Rich! Doya think they would remember me? maybe wheel a small wheel barrow of my tools home so i could find them? :)
  • Mike Kraft_2
    Mike Kraft_2 Member Posts: 398
    Weezbo............

    you work around alot of solvents don't you?!?! ;)

    cheese
  • Jed_2
    Jed_2 Member Posts: 781
    Steve

    I guess you're right. I was just blamin the political Boss out of frustration!

    Jed
  • ScottMP
    ScottMP Member Posts: 5,883
    hahahhahahah

    Good to have you back Mike.

    Its Friday ... time to open a fresh can of cleaner :)

    Scott

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  • Murph'_5
    Murph'_5 Member Posts: 349
    What time ......

    Does the sun go down in Alaska, It could be a whiteout !!



    Murph'



    (wut did he saye)

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