October 14, 2009

Lower Prices probably short lived

Well by now you have been notified by your buyer that the prices are moving down???


Hold on now...it may be time to sit on that material for a few weeks.

We have been hearing from customers in the Midwest that prices that were lowered by $30. are already moving back up, some as much as $20. … no material flow.

Several customers in PA reported the same phenomenon.

We believe those who wait will reap the higher prices.

We believe that the majority of the Pacific Rim buyers including China will be back in the buying market next month and the domestic buyers are hedging their bets and trying to buy cheap.

Stay tuned as we poll our customers on pricing and material availability.