Next up : Steel shortage in 2021
#2870875
01/08/21 09:04 AM
01/08/21 09:04 AM
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Joined: Feb 2004
Posts: 34,866 S.E. South Dakota !
bigdad
OP
Still Posting A Lot
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OP
Still Posting A Lot
Joined: Feb 2004
Posts: 34,866
S.E. South Dakota !
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I work as a traffic manager for a steel company, prices are on the rise ..fast and we have been rationed the amount we can buy in 2021 , based off 2020 purchases .. it is our normal slow time of the year so , no affect currently we bought everything we could for Jan and Feb and they closed purchases until March 1st now .
The expectation is lots of new white appliances being sold and new cars .. they got the 1st priority so it appears
If you are planning a new steel building better sign the contract and quick
The lips of fools bring them strife, and their mouths invite a beating.Proverbs 18:6
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Re: Next up : Steel shortage in 2021
[Re: tboomer]
#2870905
01/08/21 09:53 AM
01/08/21 09:53 AM
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Joined: Feb 2004
Posts: 34,866 S.E. South Dakota !
bigdad
OP
Still Posting A Lot
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OP
Still Posting A Lot
Joined: Feb 2004
Posts: 34,866
S.E. South Dakota !
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Interesting...Do you think scrap prices will go up bigdad? The answer to that is no due to politics and tariffs , a certain amount of scrap steel needs to be used to offset the carbon footprint however but, not like previously ..
The lips of fools bring them strife, and their mouths invite a beating.Proverbs 18:6
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Re: Next up : Steel shortage in 2021
[Re: tboomer]
#2870908
01/08/21 09:55 AM
01/08/21 09:55 AM
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Joined: Dec 2013
Posts: 4,663 Wichita
GY3
master
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master
Joined: Dec 2013
Posts: 4,663
Wichita
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I work for an HVAC supplier and quite a few of the brands (fortunately not the one we sell) are having shortages due to Covid.
Lots of contractors can't get A/C condensers and furnaces from their other suppliers.
We haven't been able to get mobile home furnaces for about 3 months now and some heat exchangers are on intergalactic backorder.
'63 Dodge 330 11.19 @ 121 mph Pump gas, n/a, through the mufflers on street tires with 3.54's. 3,600 lbs. 10.01 @ 133mph with a 250 shot of nitrous an a splash of race gas. 1.36 60 ft. 3,700 lbs.
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Re: Next up : Steel shortage in 2021
[Re: fastmark]
#2870924
01/08/21 10:20 AM
01/08/21 10:20 AM
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Joined: Feb 2005
Posts: 20,144 PA.
pittsburghracer
"Little"John
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"Little"John
Joined: Feb 2005
Posts: 20,144
PA.
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Scrap price is up in my area, a brand new steel plant is in the plans, the two steel stocks I had been day trading are now up in price where I won’t venture.
1970 Duster Edelbrock headed 408 5.984@112.52 422 Indy headed small block 5.982@112.56 mph 9.42@138.27
Livin and lovin life one day at a time
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Re: Next up : Steel shortage in 2021
[Re: tboomer]
#2870950
01/08/21 10:47 AM
01/08/21 10:47 AM
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Joined: Feb 2004
Posts: 1,095 Waddell AZ
azblackhemi
super stock
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super stock
Joined: Feb 2004
Posts: 1,095
Waddell AZ
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I have a couple of old buildings coming down. Has the old type wiring. I am going to strip the insulation before I sell the copper. In Arizona they won't take copper wire if it's been stripped. This is the rule: Aluminum or Copper Wire A Dealer shall not accept aluminum wire with a diameter of at least 3/8ths of an inch or any copper wire that has had the insulation removed and shall not remove insulation from the wire until after the 7 day hold period unless the Seller is an Industrial Account or another Dealer. Your state might be different but I thought I'd mention it.
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Re: Next up : Steel shortage in 2021
[Re: azblackhemi]
#2870953
01/08/21 10:53 AM
01/08/21 10:53 AM
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Joined: Feb 2005
Posts: 20,144 PA.
pittsburghracer
"Little"John
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"Little"John
Joined: Feb 2005
Posts: 20,144
PA.
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Just a sample from a scrap yard in my are.
1970 Duster Edelbrock headed 408 5.984@112.52 422 Indy headed small block 5.982@112.56 mph 9.42@138.27
Livin and lovin life one day at a time
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Re: Next up : Steel shortage in 2021
[Re: tboomer]
#2870962
01/08/21 11:00 AM
01/08/21 11:00 AM
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Joined: Feb 2005
Posts: 20,144 PA.
pittsburghracer
"Little"John
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"Little"John
Joined: Feb 2005
Posts: 20,144
PA.
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Top picture today, bottom picture January 5th. Check out the prices.
1970 Duster Edelbrock headed 408 5.984@112.52 422 Indy headed small block 5.982@112.56 mph 9.42@138.27
Livin and lovin life one day at a time
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Re: Next up : Steel shortage in 2021
[Re: fastmark]
#2871062
01/08/21 12:54 PM
01/08/21 12:54 PM
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Joined: Jan 2003
Posts: 8,392 Highland, MI.
Sunroofcuda
master
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master
Joined: Jan 2003
Posts: 8,392
Highland, MI.
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Tariffs will be gone on the 21 st of January China will be sleeping with the politicians again like a bunch of paid prostitutes. We’ll pay what China decides we need to pay. Back to the old ways. Yep - & unemployment will be on the rise as well. Here we go again. "Those jobs ain't coming back either so get used to it..................."
No Man With A Good Car Needs To Be Justified
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Re: Next up : Steel shortage in 2021
[Re: 360view]
#2871507
01/09/21 10:20 AM
01/09/21 10:20 AM
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Joined: Jan 2006
Posts: 542 boston mass-moving to long isl...
massdaytona
mopar
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mopar
Joined: Jan 2006
Posts: 542
boston mass-moving to long isl...
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China and Australia are having a political “tit for tat” dispute over trade (and the origin of Covid-19) that has already affected exported wines and steam coal. This could easily expand to iron ore and “metallurgical coal” used to make the “coke” (spongey carbon) needed for steelmaking.
t the chinese get 75pct of their ore from aussie - they ain't cutting off this trade... wine... big deal ... coal, they get a small proportion of their coal needs from aussie, and there is "plenty" of supply available from indonesia/soafrica/russians... or long haul from colombia if i was the aussies, i'd cut off ore shippments to china.... but that's a lot more loss of revenue $$$ then the coal trade...
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Re: Next up : Steel shortage in 2021
[Re: massdaytona]
#2871511
01/09/21 10:26 AM
01/09/21 10:26 AM
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Joined: Feb 2005
Posts: 20,144 PA.
pittsburghracer
"Little"John
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"Little"John
Joined: Feb 2005
Posts: 20,144
PA.
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The steel mill I worked at once Allegheny Ludlum now ATI discontinued making silicon steel year ago. Several months ago they announced they were going to discontinue making low grades of stainless steel and concentrate on high grades of stainless steel and the titanium market.
1970 Duster Edelbrock headed 408 5.984@112.52 422 Indy headed small block 5.982@112.56 mph 9.42@138.27
Livin and lovin life one day at a time
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Re: Next up : Steel shortage in 2021
[Re: pittsburghracer]
#2871994
01/10/21 10:03 AM
01/10/21 10:03 AM
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Joined: Jan 2003
Posts: 7,538 Albany, NY
67SATisfaction
The member whose name is actually Art
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The member whose name is actually Art
Joined: Jan 2003
Posts: 7,538
Albany, NY
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I'm hearing the same discussion by market analysts - Manufacturers are working hard to lock in supply contracts to secure raw materials to meet a rise in orders for product that was pent up by the pandemic. .. demand for raw materials had fallen during the pandemic, so supply is now low.. and that is driving raw material prices up. - Art
65 Satellite hardtop 361/4bbl console 727 2.76 67 Satellite convert 383/2bbl column 727 3.23 67 Lancia Fulvia Sport 1.3 Zagato. Alloy body, 1.3L V4 DOHC 4-spd 67 Lancia Fulvia Rallye 1.3. Alloy panel, 1.3L V4 DOHC 4-spd 71 Alfa Romeo GT Junior 1300 Zagato, 1.3L 4cyl DOHC hemi 5-spd 82 Alfa Romeo GTV6 2.5L SOHC hemi V6 5-spd transaxle 75 Maserati Bora US spec 4.9L DOHC hemi V8 5-spd ZF 77 Maserati Khamsin Euro spec 4.9L DOHC hemi V8 5-spd ZF 07 Aston Martin DB9 6.0L DOHC V12 6spd transaxle
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Re: Next up : Steel shortage in 2021
[Re: BSB67]
#2872056
01/10/21 01:28 PM
01/10/21 01:28 PM
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Joined: Feb 2014
Posts: 1,696 central il.
second 70
top fuel
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top fuel
Joined: Feb 2014
Posts: 1,696
central il.
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Domestic steel production can be fully supported by domestic iron ore and coke production. I'm hopeful for a strong steel demand this year. Cliffs, the new and largest domestic steel maker's stock increased 5x from it's 2020 low. Cleveland Cliff's bought out most of the competition at the bottom over the last few years and will control the market resulting in higher prices. Very determined CEO.
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Re: Next up : Steel shortage in 2021
[Re: second 70]
#2872065
01/10/21 01:51 PM
01/10/21 01:51 PM
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Joined: Jan 2006
Posts: 542 boston mass-moving to long isl...
massdaytona
mopar
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mopar
Joined: Jan 2006
Posts: 542
boston mass-moving to long isl...
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Domestic steel production can be fully supported by domestic iron ore and coke production. I'm hopeful for a strong steel demand this year. Cliffs, the new and largest domestic steel maker's stock increased 5x from it's 2020 low. Cleveland Cliff's bought out most of the competition at the bottom over the last few years and will control the market resulting in higher prices. Very determined CEO. only higher prices if there is demand... n steel tariffs remain... if demand is slack n biden lessens tariffs....
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