Steel prices. Ugh Options

[Unobtanium-inc]

Last year, l was giving 30.00 a sheet for cabinet grade plywood. That same sheet now cost me 110.00! Soft maple had gone from 2.39 a board foot to 5.88! I don't even ask what they want mahogany or walnut.

Even shit OSB is crazy priced. We did the porch floor at the lake shack. What is normally $12-15 a sheet was $45 a sheet. Luckily it wasn't a big porch, but we put a bunch of other renovations on hold until next year.

[jd74914]

Last year, l was giving 30.00 a sheet for cabinet grade plywood. That same sheet now cost me 110.00! Soft maple had gone from 2.39 a board foot to 5.88! I don't even ask what they want mahogany or walnut.

Yep-and cabinet ply isn't even the worst. A buddy who lives in NH was telling me about seeing $90 sheets of 3/8" ply sheathing. (IMG:style_emoticons/default/wacko.gif)

At least around here the hard wood prices haven't gone up much. Maybe 10% which is surprisingly low.

[Superhawk996]

I’ll go on record as stating prices aren’t going down. We are into it for the long haul based on the fact that the money has been printed. In fact, I don’t think we’ve seen the worst of it yet.

Though I could buy a candy bar for $0.25 when I was a kid, price is never going back to that level because the dollars that were printed since then are printed and circulating.

My sole caveat is that a prolonged economic recession will reduce demand which will reduce prices … until demand recovers.

[mb911]

Well it has been going on for 10 months now and I have absorbed all of it.. That now is over.. I am a nice guy and willing to help how I can but now I need to adapt.

[ClayPerrine]

I am glad we rebuilt our fence last summer before the cost of fence panels went up.

[PanelBilly]

We’re having inventory problems too. Products just can’t be had at any $. Things will get better but it’s going to take time. Everyone who keeps up with the news knows that prices are going up and we are finding that customers except it.

You make a great product and it’s worth the cost.

[Beach914]

My suppliers are raising prices every order. I have great long time channels for steel as I buy all types. 304 stainless is a problem but I'm in line to get my stuff in August. I'm good with the 1075 and 1095 coil steel I buy since we reserved it last year. We here the mills are not wanting to run coil thinner than .050" at the moment.
Asia is having same problem with steel as a supplier of mine is delayed sending some steel stampings across to me.
I buy mahogany from the Phillipines and those shipments are held up until later in the year.

Contractors are paying the increases for the products and materials I am able to get and I really don't hear a lot of complaining.

Everyone's just sucking it up at the moment

Crazy times

[9146GUY]

I spoke to my UK supplier because his delivery times have gone to 3 months instead of the usual 2 weeks. He told me that when they laid out the plant to comply with 6 ft apart per Covid restrictions they ended up furloughing 80% of their work force. Then their sales tripled last year. It appears that people are sitting at home and doing the projects they have putting off. Anyway they hoped the restrictions would be lifted a couple of weeks ago so they could ramp back up. They still have a backlog that may take months to fill.

I'll bet that is the same issue all over the world. The US is probably better off that most of the rest of the world. We are lucky to be living in that bubble.

[rhodyguy]

Don't confuse steel with forest products. Factor in the unpressidented increase in housing construction and remodeling, fires and restrictions on logging and you have the conditions for a perfect storm. CEOs, upper management, hedge fund managers and LOTS of share holders are doing just fine. I don't buy the virus excuses and justifications. BTW, a 8' stick of 1x6 TK cedar is about $4 per foot at the locally owned lumber yard I shop at. I refuse to buy wood products from big box stores. Going thru a bunk of material to find a handful of boards. 'All of this material is unacceptable. Please take a new bundle off of the top of the rack'. 'We can't until all of this is sold'. Then I would walk out empty handed and drive to my lumberyard.

[mb911]

Was at Air Gas Tuesday and found out they have 24 week lead time on 308L TIG rod. That is at most 1 week normally.. That also means if I order that right now I will be out months before I have more. Wow what. Cluster.

[mb911]

My suppliers are raising prices every order. I have great long time channels for steel as I buy all types. 304 stainless is a problem but I'm in line to get my stuff in August. I'm good with the 1075 and 1095 coil steel I buy since we reserved it last year. We here the mills are not wanting to run coil thinner than .050" at the moment.
Asia is having same problem with steel as a supplier of mine is delayed sending some steel stampings across to me.
I buy mahogany from the Phillipines and those shipments are held up until later in the year.

Contractors are paying the increases for the products and materials I am able to get and I really don't hear a lot of complaining.

Everyone's just sucking it up at the moment

Crazy times

They are telling me December for my 304 tubing.

[rhodyguy]

Everything is in short supply. Even the mundain. Hardware store yesterday. Needed a few white duplex cover plates (oodles of ivory ones). OOS. Have been for 6 weeks. 'We don't know when we will get them'. Stupid plastic cover plates. Plenty of white receptacles but no plates for them. Next is the 20 mile round trip to the big box store. For a couple of pieces of plastic. The fuel will cost more than the plates.

[914werke]

Piling on. (IMG:style_emoticons/default/wacko.gif)
Went to my laser cutter to order another batch of flanges for my Tow Bracket ...
UGH! Its hard raising prices when margin is almost nonexistent to begin with

[Andyrew]

My business is doors... So I sell wood and metal doors (commercially)...

Most of the manufacturers are doing surcharges to try and keep costs temporary, but it still means that most of our jobs are way, way overcost to the point that were simply breaking even on the metal... Wood doors hasnt exploded in cost yet but the lead times are starting to get into the scary long.. Its hard for clients who are used to every project being expedited on say a 4 week delivery when normal lead times are 8 weeks to now all expedite programs being unavailable and 14-18 weeks is now the norm...

Fun fun fun.
I just hope things settle down in the next 6 months and this doesnt become the new norm.

[johnhora]

I've got available about 70' of 1.5 DOM steel for cages if anyone is in need. Stopped building race cars. PM me if interested.

[Chris914n6]

Lumber is almost back to normal, it will take a few weeks to trickle down to the retail level. https://tradingeconomics.com/commodity/lumber

Everything else will come down as production ramps up (returns) to meet demand and the shipping container problem with China gets taken care of.

[Spocknasty]

I work for an exhaust manufacturer and the raw materials cost necessitated a pricing increase on over 50% of the products. We ordered a massive amount of piping and components right when Covid hit and we're still behind. It won't be out of the ordinary if you do need to raise pricing as that is a trend in the market right now. The EPA is coming after any company selling cat defeat products (even for track use) and catalytic converter prices are skyrocketing. We'll fight tooth and nail until the end - enjoy ICE while you can.

[wonkipop]

steel, timber, construction commodities similar story in aus.
.....but i don't know if this is happening in usa.
the price of second hand cars has gone through the roof.
you can't buy a new car. 6 month waiting list minimum on anything.
(all cars are now imported into aus since closure of local manufacturing 5 years ago).

with covid nobody will travel on mass transit.
everybody wants a car, or a second car or a third car.

person i know had the foresight to put in an order for a new range rover last year during the mother of all the big lockdowns here. it took a while for the order to be filled and he took delivery of his new range rove about 3 months ago. he sold his old range rover (less than 2 years old) for more than its purchase price and for more than the price of his new range rover making a handsome profit.

i see junk cars getting sold for crazy money. cars that would barely be worth anything a year ago.

[Root_Werks]

Still kinda related as prices continue to rise for reasons already noted.

Ordered a few parts for our Jeep, battery cable, couple of sensors. 3 weeks later, 3 weeks, order canceled, all items. Refund in 2-5 days. No explanation.

Not the first time this has happened either. Suppliers are having trouble keeping up with correct inventory.

[StarBear]

steel, timber, construction commodities similar story in aus.
.....but i don't know if this is happening in usa.
the price of second hand cars has gone through the roof.
you can't buy a new car. 6 month waiting list minimum on anything.
(all cars are now imported into aus since closure of local manufacturing 5 years ago).

with covid nobody will travel on mass transit.
everybody wants a car, or a second car or a third car.

person i know had the foresight to put in an order for a new range rover last year during the mother of all the big lockdowns here. it took a while for the order to be filled and he took delivery of his new range rove about 3 months ago. he sold his old range rover (less than 2 years old) for more than its purchase price and for more than the price of his new range rover making a handsome profit.

i see junk cars getting sold for crazy money. cars that would barely be worth anything a year ago.

Yep; the same here. Plus appliances.