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Next up : Steel shortage in 2021 #2870875
01/08/21 08:04 AM
01/08/21 08:04 AM
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S.E. South Dakota !
bigdad Offline OP
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S.E. South Dakota !
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
Re: Next up : Steel shortage in 2021 [Re: bigdad] #2870887
01/08/21 08:33 AM
01/08/21 08:33 AM
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Posts: 23,646
United Socialist States of Ame...
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tboomer Offline
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Interesting...Do you think scrap prices will go up bigdad? wave


Going on tour 2021!!
Re: Next up : Steel shortage in 2021 [Re: tboomer] #2870905
01/08/21 08:53 AM
01/08/21 08:53 AM
Joined: Feb 2004
Posts: 32,236
S.E. South Dakota !
bigdad Offline OP
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bigdad  Offline OP
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S.E. South Dakota !
Originally Posted by tboomer
Interesting...Do you think scrap prices will go up bigdad? wave



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
Re: Next up : Steel shortage in 2021 [Re: tboomer] #2870908
01/08/21 08:55 AM
01/08/21 08:55 AM
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Posts: 3,350
Wichita
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GY3 Offline
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Wichita
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.

Re: Next up : Steel shortage in 2021 [Re: bigdad] #2870910
01/08/21 08:57 AM
01/08/21 08:57 AM
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Abilene, Texas
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fastmark Offline
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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.

Re: Next up : Steel shortage in 2021 [Re: fastmark] #2870924
01/08/21 09:20 AM
01/08/21 09:20 AM
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Posts: 16,949
PA.
pittsburghracer Online rolleyes
"Little"John
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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
6.143@110.85 mph
9.73@135.05 mph shifting at 6700 RPM
422 Indy headed small block
5.982@112.56 mph
9.42@138.27

Livin and lovin life one day at a time




Re: Next up : Steel shortage in 2021 [Re: pittsburghracer] #2870928
01/08/21 09:22 AM
01/08/21 09:22 AM
Joined: Jan 2003
Posts: 23,646
United Socialist States of Ame...
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tboomer Offline
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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.


Going on tour 2021!!
Re: Next up : Steel shortage in 2021 [Re: tboomer] #2870950
01/08/21 09:47 AM
01/08/21 09:47 AM
Joined: Feb 2004
Posts: 1,036
Waddell AZ
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azblackhemi Offline
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Waddell AZ
Originally Posted by tboomer
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.

Re: Next up : Steel shortage in 2021 [Re: azblackhemi] #2870953
01/08/21 09:53 AM
01/08/21 09:53 AM
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"Little"John
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Just a sample from a scrap yard in my are.

363C9480-6947-4568-97EC-7B154DF4242D.jpeg

1970 Duster
Edelbrock headed 408
6.143@110.85 mph
9.73@135.05 mph shifting at 6700 RPM
422 Indy headed small block
5.982@112.56 mph
9.42@138.27

Livin and lovin life one day at a time




Re: Next up : Steel shortage in 2021 [Re: azblackhemi] #2870956
01/08/21 09:54 AM
01/08/21 09:54 AM
Joined: Jan 2003
Posts: 23,646
United Socialist States of Ame...
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tboomer Offline
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They will take it here in Iowa. I took a cat converter in off of the wifes Pacifica,had to show my drivers license. Reputable place so it is no big deal.


Going on tour 2021!!
Re: Next up : Steel shortage in 2021 [Re: tboomer] #2870962
01/08/21 10:00 AM
01/08/21 10:00 AM
Joined: Feb 2005
Posts: 16,949
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"Little"John
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PA.


Top picture today, bottom picture January 5th. Check out the prices.

38637E34-D5DD-4C3E-A742-7B62CB397579.jpeg

1970 Duster
Edelbrock headed 408
6.143@110.85 mph
9.73@135.05 mph shifting at 6700 RPM
422 Indy headed small block
5.982@112.56 mph
9.42@138.27

Livin and lovin life one day at a time




Re: Next up : Steel shortage in 2021 [Re: fastmark] #2871062
01/08/21 11:54 AM
01/08/21 11:54 AM
Joined: Jan 2003
Posts: 7,630
Highland, MI.
Sunroofcuda Offline
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Originally Posted by fastmark
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
Re: Next up : Steel shortage in 2021 [Re: bigdad] #2871227
01/08/21 04:13 PM
01/08/21 04:13 PM
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Posts: 6,345
USA
3
360view Offline
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USA
Several large iron ore mines have had production problems.

You may remember the large iron ore waste (tailings) dam at a huge iron ore mine in Brazil that failed.

Other iron ore mines all around the world have had to re-prove their dams are safe.

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.

Re: Next up : Steel shortage in 2021 [Re: 360view] #2871315
01/08/21 06:52 PM
01/08/21 06:52 PM
Joined: Feb 2005
Posts: 4,148
Prospect, PA
BSB67 Offline
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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.

Re: Next up : Steel shortage in 2021 [Re: bigdad] #2871474
01/09/21 06:53 AM
01/09/21 06:53 AM
Joined: Nov 2008
Posts: 5,460
Greenville, PA
redraptor Offline
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Greenville, PA
I heard this week the T1 steel plate we use, the prices went thru the roof. How bad? We were out of inch and a half so the foreman had parts cut out of 2 inch then had them milled. Sounds like we'll eventually have to bite the bullet.

Re: Next up : Steel shortage in 2021 [Re: 360view] #2871507
01/09/21 09:20 AM
01/09/21 09:20 AM
Joined: Jan 2006
Posts: 379
boston mass-moving to long isl...
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massdaytona Offline
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boston mass-moving to long isl...
Originally Posted by 360view

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...

Re: Next up : Steel shortage in 2021 [Re: massdaytona] #2871511
01/09/21 09:26 AM
01/09/21 09:26 AM
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Posts: 16,949
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"Little"John
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PA.


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
6.143@110.85 mph
9.73@135.05 mph shifting at 6700 RPM
422 Indy headed small block
5.982@112.56 mph
9.42@138.27

Livin and lovin life one day at a time




Re: Next up : Steel shortage in 2021 [Re: pittsburghracer] #2871994
01/10/21 09:03 AM
01/10/21 09:03 AM
Joined: Jan 2003
Posts: 7,363
Albany, NY
67SATisfaction Offline
The member whose name is actually Art
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The member whose name is actually Art

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Posts: 7,363
Albany, NY
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


1965 Satellite hardtop 361/2bbl, console 727, open 2.76
1967 Satellite convert 383/4bbl, column 727, open 3.23
1975 Maserati Bora, US spec 4.9L DOHC hemi V8, 5-spd ZF man
1977 Maserati Khamsin, Euro spec 4.9L DOHC hemi V8, 5-spd ZF man
1982 Alfa Romeo GTV6, 2.5L SOHC hemi V6, 5-spd man transaxle
2007 Aston Martin DB9, 6.0L DOHC V12, 6spd man transaxle
Re: Next up : Steel shortage in 2021 [Re: BSB67] #2872056
01/10/21 12:28 PM
01/10/21 12:28 PM
Joined: Feb 2014
Posts: 1,211
central il.
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second 70 Offline
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central il.
Originally Posted by BSB67
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.

Re: Next up : Steel shortage in 2021 [Re: second 70] #2872065
01/10/21 12:51 PM
01/10/21 12:51 PM
Joined: Jan 2006
Posts: 379
boston mass-moving to long isl...
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massdaytona Offline
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boston mass-moving to long isl...
Originally Posted by second 70
Originally Posted by BSB67
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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