[TheForge] price of steel
Paul Novorolsky
crosspein at sbcglobal.net
Tue Jul 26 14:55:12 EDT 2011
Ugh. I was just placing an order for some steel. A-36 is in the $1.35/lb
range, and 1018(cold rolled) is up in the $2.20/lb range. Is that about
"normal" these days?
Today's news in the financial world is that the steel suppliers are
reducing their outlook. US Steel is down like 8% today. Maybe the
bargain today is in steel stock, not the actual product.
**Paul
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