| Steel Price Increases |
All of our manufacturers, as well as most every industry using steel, are facing rapid and large increases in the cost of raw steel. We have seen steel price increases of 30% in the last few months alone.
Due to this we are expecting price increases from most, if not all, of our manufacturers. In addition to this we are lowering the length of time our quotes are valid for to 30 days. We are shortening the length of time our quotes are valid for to allow us to adapt prices without instituting a permanent year long price increase.
Thank you for your understanding, The All About Play Staff |
| For the latest information |
Google news search on Steel Pricing
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| From AL.com on steel prices on 03/07/04 |
"A sudden, steep rise in the price of steel is causing havoc for area contractors, fabricators and anyone else whose livelihood depends on buying or bending steel...
The price of U.S. hot-rolled steel, the most commonly used steel product, has surged by as much as 60 percent over the past five months, primarily because of rapacious demand from China. That country consumed about one out of every 3 tons of steel produced worldwide in 2003, according to trade statistics."
Full Story from AL.com By GEORGE TALBOT Business Reporter |
| From Finance.Yahoo!.com on 03/04/04 |
"U.S. manufacturers are facing major steel supply disruptions and shortages that could contribute to plant closures and job losses in a matter of weeks or months."
"'U.S. steel users have experienced massive price increases in the past two months, as well as major supply disruptions,' said William Gaskin, who chaired the CITAC Steel Task Force..."
Full story from Finance.Yahoo!.com Press Release - Source: Consuming Industries Trade Action Coalition
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