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Steel prices towards inflation
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Re: Steel prices towards inflation
Had Easter Sunday dinner with a group of close friends. One owns an equipment fabricating business that serves the international petroleum business. He said his steel costs are 20% below the peak before the financial crisis, but he's already been served price increase notices from two of his structural steel suppliers, and expects plate steel suppliers will follow shortly. He thinks his steel prices will be above the previous peak before the end of this year, and these are just the first of a series of price increase notices.Originally posted by hellstan View Post
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