What drives the cost of metal?

About the author : jacksmetalwork

When buying metal in Boise, cost is always a concern! Whether you are buying aluminum, steel, or stainless steel, you want to know what goes into the price that you are paying. We all know what is happening with lumber costs at this moment, but what about metal? Here are a couple of reasons to keep in mind when making your next metal buying decision.

Supply and Demand

As taught in any economics class you have ever had, supply and demand drive our pricing on most product, including metal. Delays in production for one reason or another have caused a spike in cost for metal in the US. Steel imports into the country have also continued to drop, creating even more demand and stress on domestic steel production. When we have a surplus of product, the price goes down. When we have a shortage, the price goes up. Unfortunately for metal purchasers, we have a shortage of most metal products.

Increases in Gas Prices

Metal products are typically delivered by trucks. Trucks require fuel to operate. The higher the fuel prices, the higher the overhead for the manufacturers and distributors. This means an increase for retail buyers as well. The increased cost of fuel must be absorbed somewhere and that typically means the “end user” of the product. This is true for milk, eggs, and stainless steel!

Consult a Boise Metal Sales Shop

If you need bulk metal for any size project, call a Boise metal sales shop like Jack’s Metal Works. Our team is experienced in procuring the best metal available at competitive prices. This is true during these times of inflated prices as well. Now is the time to put our team of metal sales professionals to work for you. Let us find you the best prices and keep your project on-track!

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