I'm brokering a deal for some stainless steel tables between the company my wife works for and my company. We agreed on scrap price. Two weeks ago stainless scrap was 50 cents a pound. Today we called and it was 15 cents. Short iron went from 6 cents to 4 cents.
What's the trickle down on new steel? I've been wanting to add a storage closet to my garage and use 2x4 purlins, but I nearly passed out when I priced out the steel a few months ago.
I've still got the money to do it, but I want the best price on steel. Anyone have any insight on the metal market.
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