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#35880 - 03/22/04 02:27 PM Steel up over 100%
golf junkie Offline
Member
Registered: 04/22/01
Posts: 511
Loc: York, NE
Last August I was buying 3/4" emt for .24/ft. Today the counter price I was quoted was .55/ft.

It's going to be a tough year to mantain margins.
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#35881 - 03/22/04 02:33 PM Re: Steel up over 100%
iwire Offline
Moderator
Registered: 01/05/03
Posts: 4343
Loc: North Attleboro, MA USA
Our purchasing dept has told estimating to careful how and what they bid.

We may not be able to get Steel raceway at any price for awhile.

Some sort of steel mine closing.
_________________________
Bob Badger
Construction & Maintenance Electrician
Massachusetts
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#35882 - 03/22/04 03:39 PM Re: Steel up over 100%
CTwireman Offline
Member
Registered: 02/07/02
Posts: 839
Loc: Connecticut, USA
I checked "Home Cheepo" today for prices (usually they are lower on pipe and wire than the major supply stores around here.)

1/2 emt $1.99
3/4 emt $4.00

14/2 rx $22.50
12/2 rx $31.50
14/3 rx $35.50

#12 thhn stranded $29.50



My contact at the local supplier says they can't use the price in the computer system anymore. They have to call the buyers at the main office.

PVC still remains cheap though.
_________________________
Peter
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#35883 - 03/22/04 04:21 PM Re: Steel up over 100%
walrus Offline
Member
Registered: 07/25/02
Posts: 671
Loc: Bangor Me. USA
I've heard China is buying every piece of steel they can. Watch out, their economy is booming.
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#35884 - 03/22/04 07:30 PM Re: Steel up over 100%
DougW Offline
Member
Registered: 06/08/03
Posts: 1083
Loc: North Chicago, IL
Big Orage Box was $1.17/10' 1/2" EMT and $2.79/10' 3/4" when I checked just a few weeks ago (maybe 3 months).

Yeesh.
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#35885 - 03/23/04 05:38 PM Re: Steel up over 100%
CDN_ELECTRICIAN Offline
Member
Registered: 01/22/03
Posts: 75
Loc: Concord,Ontario,Canada
We are having big issues with suppliers not wanting to issue pricing on anything with steel in it or Wire due to the prices of Copper and Steel.

My brother works for a Large Mine here in Ontario and he said that the Chinese are buying up "slurry" (unrefined ore) from small mines {and scrap steel}that do not have their own smelters.
They are stock piling the stuff and it's driving up the prices here.

Walrus is correct, if somebody does not start watching this stuff we are all in be trouble, both sides of the border.

On a side note: I read somewhere (October or November 2003) that "FORD" is moving 1 billion dollars worth of automotive part making over to China!!! (Humm, I wonder how many jobs that will cost the USA, Canada and Mexico?)
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#35886 - 03/23/04 07:23 PM Re: Steel up over 100%
Merlin Offline
Member
Registered: 01/27/04
Posts: 170
Loc: NW Indiana
I have been "pricing" my suppliers, and they even say pvc is going up too. Something to do with the materials used to make it.

I have found that some things you can still get "reasonable" from the major suppliers, but the local suppliers are raising prices daily. Guess it's going to be tough bidding.
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#35887 - 03/23/04 11:20 PM Re: Steel up over 100%
Spark Master Flash Offline
Member
Registered: 07/28/03
Posts: 145
Loc: Las Vegas, Nevada, USA
That's nice to hear. I just threw away about 400 feet of EMT at the dump tonight.
_________________________
"When in doubt, short it out"
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#35888 - 03/24/04 07:01 AM Re: Steel up over 100%
Active 1 Offline
Member
Registered: 02/22/03
Posts: 684
Loc: Grayslake IL, USA
I keep reading the chinese are buying all the copper and steel they can. What are they doing with it? Making buildings? Or making bullets, tanks, and ships?

Tom
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#35889 - 03/24/04 10:55 AM Re: Steel up over 100%
rowdyrudy Offline
Member
Registered: 11/02/02
Posts: 171
Loc: Mascoutah, IL USA
I seem to recall that Japan was doing this in 1939, 40, 41.

Rowdy
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