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+--- Thread: Steel prices dropping (/showthread.php?tid=4703)
Steel prices dropping - Rob Tucker - 11-26-2008
I'm getting word from my suppliers that the price of steel is dropping.
While this can be taken as good news for local building purposes it is also a sign of the world economics in decline as demand drops.
RE: Steel prices dropping - gtill - 11-26-2008
It seems China is seeing the downturn worse than us, they're rioting in the streets. Even with cheap oil, if your markets no longer buy, you're stuck. Russia and the mideast are still relatively fat, but that oil ain't worth squat in the ground.
The world might jealously hate us, but we are the economic engine that makes or breaks the world.
RE: Steel prices dropping - Charles Moore - 11-27-2008
May I be so bold as to ask where you are getting the best prices for steel? Especially rebar, welded wire, chicken wire, and expanded metal lath. Another forum member on another website reports one of the local (Big Island) concrete materials suppliers doubling their prices since being bought out by the Saudi/Bush juggernaut known as the Carlyle Group.
He says:
"They are selling a sheet of riblath for $14.45!!!!! I'm now bringing the same rib lath in from So. Cal. for $4.30 each (plus $1.14 for shipping to Hawaii)."
RE: Steel prices dropping - Rob Tucker - 11-27-2008
I've been getting my steel from the west coast. Honolulu is too expensive.
RE: Steel prices dropping - Hotzcatz - 12-01-2008
Would a steel buying co-op help lower your prices? We have a group who buys food that way to save on shipping costs.
"I like yard sales," he said. "All true survivalists like yard sales." Kurt Wilson
RE: Steel prices dropping - Guest - 12-01-2008
Historically steel has been about the same cost per pound as potatoes.
It has tripled here but so has potatoes.
I just bought 3 20' 1/8th X 1" flat bar for 7 bucks each.
here is an interesting article:
http://www.telegraph.co.uk/finance/newsbysector/industry/mining/3543370/Metal-prices-fall-further-than-during-Great-Depression.html
RE: Steel prices dropping - StillHope - 12-06-2008
Rob,does it include roofing material?
My builder says it's the same $4.35 per ft as in June.
RE: Steel prices dropping - Rob Tucker - 12-06-2008
In general all steel items are lowering in cost. Local inventories may have been purchased months ago and are not showing decreases yet.
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RE: Steel prices dropping - StillHope - 12-06-2008
Thanks,Rob.