I was talking to a felllow about some steel yesterday . He said his supplier's prices are going up noticably soon , which we all blame , rightly , on China . He said however that after the Olympics the steel supplier forcasters think steel and many commodities that the Chinese are buying by the boatload will drop in price . China is practically rebuilding the whole country for the games . When that boom is over the demand on materials and fuel that they are consuming now , will diminish , thereby driving prices down . Let us hope . By the way I hope the Chinese athletes lose every event . Serves 'em right . Just my two yuan .
I wish you are right, but I do not think so. China $$$ is worth alot more than ours and until that changes it will keep going up. Watch the stock market it will show ya. Later
I think that China is the only country that will win any medals. They have the only athletes that are used to breathing all the smog laden **** filled air they have.
No kidding about the steel price growing like the gas price. Last week I was buying 2x4 rect. tubing 95thousanths wall thickness for pretty much $2.50 / foot. Now a week & a half later, the price went up 0.75 to $3.50 per foot. I buy 20ft sticks and it goes quick Carl Hagan
I hear that the secret isn't to breathe the air but to chew it. I'm going to try that when my exh****t belching, firewall leaking, '38 gets back on the road. JH
The end of the Olympics very well could have an impact on prices. Much of the consumption in China is due to the government subidizing it. It's getting very expensive for China to continue to do that at the rate they are. After the Olympics, look for China to back off the subsidies and for prices to rise in China curtailing thier uses there. If China was forced to place their dollar on the open market it would make a real difference also. Too many have too much invested there though so we get screwed.
I buy about half a million pounds a month. It's the falling dollar causing price increases and panic buys by domestic users exacerbating it. At least in the non alloy stuff most here would use. Alloy stuff is another issue related to government buys. My best guess is that prices will start to stabilize as the panic buyers stop buying and their future orders get canceled. A strong dollar would bring the imports back and hammer pricing.
I might agree that the prices will go down BUT I think even if they did that the companies will just keep the prices high since everyone is already paying them and THEY will pocket the difference, it sad but true.
There will eventually be a leveling out. I have no idea how or when but rest ***ured it will happen. The dollar will have to increase in value and the supply for steel fuel corn ect will have to increase to meet the world demand. there is hope just reciently a rubber boot factory employing 200 workers opened here. Apparently they are able to compete with chinese imports.The high cost of fuel and raw materials does adversly affect those producers who import the **** made overseas. OldWolf
Buy Made in America. As long as we buy forigen goods the dollar will stay on the decline. We have to sell as much as we buy.
I just bought 24' of 2x3 .125 @ $4.40/ft. I shoped around but it wasn't worth driving 60 miles to save a little.
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