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View Full Version : Steel prices...dropping???



torker
07-07-2005, 02:22 AM
I stumbled on this
http://www.dot.state.oh.us/construction/OCA/Steel_Index_for_PN525.htm
Anyone think we'll see this at the steel suppliers?
I hope so. Be a lot easier to sell fabricated stuff again if it'd go down.
Russ

CCWKen
07-07-2005, 09:09 PM
I sure hope so. I've been watching my supplier lower his price pennies at a time. With the prices dropping by 50% since January, you'd think it would make it to the supply by now. Someone is cashing in again. http://bbs.homeshopmachinist.net//frown.gif

wierdscience
07-07-2005, 09:59 PM
Uh,no,that's the scrap price.

New steel prices here have stabilized and many sections have gone down some,but are still 20-25% higher than before(2002)

Problem is many of the distributors are stuck with inventory bought during the spike.Until that inventory is depleted and new stocks are brought in at the lower price we will see the higher prices in place on slow moving sections.

Here channel,square tubing,pipe and WF I-beam sections are the highest since the volume is lower,while angles,flatbar and plate are the cheapest since the volumes are higher.

The high priced angle has gone out of inventory and been replaced by the newer cheaper stocks.We were paying $.50-.55 per lb two months ago for angles,now some sections have dropped back to the 2002 average of $.28-30.

If pipe drops back to where it was I will frame my shop in pipe trusses.I was paying $68.00 for 21' of sch40 black pipe,it's over $160 right now.

snowman
07-07-2005, 10:08 PM
Damn Weird....

what are the quantities on your .50-.55 prices?

I'm still paying .70 for angle and channel, pipe is .95 and flat is .65...this is "under 400 lb purchase"...over 400 lb I drop another dime / pound I think

Where are you?

-Jacob