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Thread: Steel Prices Increasing?

  1. #1
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    Steel Prices Increasing?

    Metal suppliers have been telling me to expect a sharp rise in prices, anyone else hearing the same thing?

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    Re: Steel Prices Increasing?

    Mine raised prices on salvaged by a dime and new went up too but not much yet.

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    Re: Steel Prices Increasing?

    Insane Ride has shares in US Steel. He's probably manipulating the priceName:  mutley.gif
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    Although I don't really keep track of it too closely.................rolled steel is running somewhere around $900/ton right now. And, if the economy starts kickin'.......look for it to go higher.

    But, if Biden removes the tariffs placed on imported steel by Trump, the price oughta go down.

    Thing is..........there's still steel being imported into this country..........the consumer just picks up the tab on the tariffs (shrug). Tariffs are not charged to the producer........they're charged to the importer here in the US, and they pass the cost to you.

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    Re: Steel Prices Increasing?

    The BMG Metals I use in Manassas, Virginia had price increases effective Friday, Jan 1. If I remember right, aluminum went up 9 cents a pound. I forgot how much the steel prices went up.

    I received a few requests for projects on Saturday, Jan 2. When I called on Monday for a quote, the lady I work with said she was able to slide in the old price. Whether that is true or not, I don't know.

    I was quoted $3.28 a pound for a 48x96 sheet of 0.25" thick 6061.
    The steel 1"x1"x1/8" square tube was $1.11 a pound.
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    Re: Steel Prices Increasing?

    Quote Originally Posted by farmersammm View Post
    Insane Ride has shares in US Steel. He's probably manipulating the priceName:  mutley.gif
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    I suspect Biden and Co. will lift the tariffs on Chinese steel, then pocket the difference to buy Chore Boys for Hunter, so ... no difference.

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    Re: Steel Prices Increasing?

    I order a bunch of steel around x-mass, no price change. I order one stick of 2x2 1/8 wall normally $51 new price $76. I thought I got some one else paper work. Thank god I order a bunch when I did.

  8. #7
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    Re: Steel Prices Increasing?

    Thanks for the replies guys, guess we’ll have to wait to see how this all plays out.

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    Re: Steel Prices Increasing?

    Quote Originally Posted by Mike_L View Post
    Thanks for the replies guys, guess we’ll have to wait to see how this all plays out.
    I just picked up about 700 pounds of steel the other day, we ordered it a few weeks ago... forgot to look at the invoice but most the guys we know are preparing for the 'wheels to come off soon!!!' and there has been plenty talk of price increases at some of our suppliers both steel and plastic...

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    Re: Steel Prices Increasing?

    My pipe supplier told me expect a couple dollars a foot increase on truckload quantity’s of 6” pipe we will see. its been sitting around 9.15 said its going to go tp around 11.00
    Do not argue with an idiot. He will drag you down to his level and beat you with experience.

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    Re: Steel Prices Increasing?

    Quote Originally Posted by idacal View Post
    My pipe supplier told me expect a couple dollars a foot increase on truckload quantity’s of 6” pipe we will see. its been sitting around 9.15 said its going to go tp around 11.00
    It was actually 6" shd40 pipe I just picked up I'll try to remember to look at the invoice when I get in the truck tomorrow... and yeah... I think a month ago it was under 10 somewhere /ft. or maybe it was just over 10... been so busy it's hard to keep number straight

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    Re: Steel Prices Increasing?

    There have been drastic increases globally in the price of hot-rolled steel — US$1,000 per tonne in the US, US$700 per tonne in Europe and US$650 per tonne in Asia — it said. China Steel has increased the price of hot-rolled steel sheets and hot-rolled steel coils for delivery next quarter by NT$1,500 per tonne.

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    Re: Steel Prices Increasing?

    Just saw a $10 a sheet raise in expanded metal locally this past couple weeks

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    Re: Steel Prices Increasing?

    Talked to the guys we use for pipe friday... they said all quotes are back to a 3 day price guarantee.... or maybe less if things really SHTF!!!

    So... get ready to grab your ankles!!!

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    Re: Steel Prices Increasing?

    Scrap around here is already around $250/T Cdn, and guys are stockpiling as fast as they can expecting further increases this spring.
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  18. #15
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    Re: Steel Prices Increasing?

    I mostly use 16 and 20 gauge metal studs for framing. Supplier said all metal is up 30% and more increases to follow. They carry CEMCO metal based out of Canada with offices in the USA.

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    Re: Steel Prices Increasing?

    I use mainly light gauge sheet for plasma cutting. Got a big shock today. 14 gauge from 55 for 4 x 8 sheet to 70 and 12 gauge from 70 to 98 per sheet. Was told to expect more sticker shock in the weeks ahead. Called a metal supplier closer to me and they wanted 92 for 14 gauge. Had to ask twice for the price as I thought they were quoting a heavier plate.
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  21. #17
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    Re: Steel Prices Increasing?

    I had been paying .40 cents/lb a month ago and now it's .65 cents/lb for HR plate.

  22. #18
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    Re: Steel Prices Increasing?

    Funny thing is.................all the steel around here comes from Mexico, comes up the inland waterway. https://www.swt.usace.army.mil/Missions/Navigation.aspx

    So, the phony tarrif, and the "new" NAFTA, didn't do squat for this country. More crap, and we're payin' the price. We're paying the same price for Mexican steel as y'all are paying for (maybe, and I mean a BIG maybe) US steel.

  23. #19
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    Re: Steel Prices Increasing?

    I also got some 4" 14Gauge C purlin and 4" receiver channel that was definitely Hechen in Mehico but thinking the sheet was domestic.
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    Re: Steel Prices Increasing?

    Quote Originally Posted by BluCllrPlt View Post
    I also got some 4" 14Gauge C purlin and 4" receiver channel that was definitely Hechen in Mehico but thinking the sheet was domestic.
    All the pipe we been getting is USA got some galvy pipe a while back I think that was USA too or maybe canada... I do remember some korean labeled steel a few months ago.. but can't remember if it was square tube or large pipe??? I'll have to look at some of the scrap I got laying around.. but don't remember seeing mx stuff lately... I do remember it several years ago though...

    EdIT: just checked my pics.... ooops last 6 inch pipe I picked up a week or so ago was korean... the times before that it was USA, I couldn't find a decent pic that showed the square tube... so I'll have to look at pieces when i get a chance..
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    Last edited by ronsii; 01-19-2021 at 12:24 AM.

  26. #21
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    Re: Steel Prices Increasing?

    Looks like the plate was made in USA..

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  28. #22
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    Re: Steel Prices Increasing?

    Yesteday, My vendor told me to call before I bid. Prices are changing daily. Said they are having issues getting material.

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  30. #23
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    Re: Steel Prices Increasing?

    Quote Originally Posted by tapwelder View Post
    Yesteday, My vendor told me to call before I bid. Prices are changing daily. Said they are having issues getting material.

    My supplier said the same thing; expect weekly increases until at least the end of March.
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  32. #24
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    Re: Steel Prices Increasing?

    Yesterday I was buying some 4x8 sheets of steel 14g and some 1/4" round bar.
    My normal place had the 14g at $100 a sheet and the 1/4" was $2.75 a stick.
    I checked around and got the following prices from different places.

    14G sheet - $111 from place No2, $141 from place No3, and $150 from place No4
    1/4 round bar - $8.25 from place No2, $4.65 from place No3, and place No4 doesn't carry it.
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  34. #25
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    Re: Steel Prices Increasing?

    Quote Originally Posted by tapwelder View Post
    Yesteday, My vendor told me to call before I bid. Prices are changing daily. Said they are having issues getting material.
    Seems like there ought to be a GLUT of material available, what with all the projects Sleepy Joe is "canceling" (Keystone Pipeline, oil & gas exploration in the Gulf of Mexico, etc etc etc)

    Seems to me that steel prices should be coming DOWN due to dying demand, and the only thing going UP should be the value of Hunter Biden's foreign energy interests...

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