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We just got our revised steel prices for this month. It’s bad. Like, really bad. https://www.bocvip.com/817453/we-just-got-our-revised-steel-prices-for-this-month-its-bad-like-really-bad/ #Bonds #business #CurrentTrends #economy #Investment #IPOs #predictions #stocks
BOCVIP · We just got our revised steel prices for this month. It's bad. Like, really bad.I am at the tip of the spear when it comes to being impacted by trade policy. We sell industrial equipment that uses a large volume of steel of all shapes and sizes. Our prices of steel were stable until February. In the month of February alone, our cost of carbon steel sheets went up 27%. We just got our most recent pricing updates from March. Up another 21.6%. Total price increase YTD is 58.8%. We had major spikes in cost during the 2022 supply chain issues which spurred the last round of inflation, but our costs have now surpassed