Steel Prices

[trentu]

With steel prices at a six year low and aluminum at it's bottom also has anyone seen a decrease in prices from like Admiral Steel or other suppliers?

 

[Rob!]

I have seen a mix of reductions and increases at Crucible. On balance, not much change.
What has changed is the value of the dollar I buy the steel with.

Rob!

 

[JTknives]

well i just payed around 2.92 a pound for crucibles L6 in one inch round stock. Not a half bad price for steel i think.

 

[Edro20]

It seems to me that the inflated prices that suppliers have paid in the past are keeping them from selling at the current price. After all, if they retail the stuff they bought at an inflated price, they will realize a loss. Kinda like the housing market, but the bubble hasn't bursted just yet.

 

[trentu]

I am hoping that we are just buying old material stock and sometime in the first quarter of the new year they will pass the savings on to us.