GotApex? Forums - View Single Post - Steel Prices. How is your industry reacting to it?

cheapie · 03-04-2004, 05:54 AM

Steel prices are going apesh$t. we are getting slammed because of the increases passed on to us. domestic steel mills are at capacity and the prices are skyrocketing. i don't know how much i can say about how it's hurting us right now because it's confidential but i think it's going to slow down the economy a bit. at least hurt the automotive market.

the cause is that china is sucking up all of the excess capacity and there won't be any new mills online until 06 or 07.

03-04-2004, 05:54 AM	#1
cheapie Chief of Naval Operations Join Date: Aug 2002 Location: raising my pimp hand strong Posts: 13,038	Steel Prices. How is your industry reacting to it? Steel prices are going apesh$t. we are getting slammed because of the increases passed on to us. domestic steel mills are at capacity and the prices are skyrocketing. i don't know how much i can say about how it's hurting us right now because it's confidential but i think it's going to slow down the economy a bit. at least hurt the automotive market. the cause is that china is sucking up all of the excess capacity and there won't be any new mills online until 06 or 07. __________________ 70% of the world is covered by water. The rest is covered by Bob Sanders