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  1. #1

    Join Date
    Feb 2004
    Posts
    187

    Default Rising steel prices!! Are tractor prices next?

    Steel prices are jumping fast, some 30% since the first of the year. Talk is- it's heading higher by another 20 to 30%. Tractors and attachments use a lot of steel. Will tractor prices be next?

    What are you hearing?

  2. #2
    Veteran Member
    Join Date
    Jul 2003
    Posts
    1,969
    Location
    Kansas
    Tractor
    2003 BX2200

    Default Re: Rising steel prices!! Are tractor prices next?

    I just bought a new trailer and the dealer said "just in time!" All his prices were going up to reflect higher steel prices......

    Inevitable.

  3. #3
    Veteran Member AndyM's Avatar
    Join Date
    Jul 2003
    Posts
    2,449
    Tractor
    1948 Ford 8N and 1993 Toro WheelHorse 520H

    Default Re: Rising steel prices!! Are tractor prices next?

    I'm lost here, but I thought the dumping of Chinese steel in the U.S. was supposed to make everything cheaper? [img]/forums/images/graemlins/confused.gif[/img]

  4. #4
    Veteran Member
    Join Date
    Aug 2001
    Posts
    1,384
    Location
    michigan thumb
    Tractor
    jd 970, JD GT235

    Default Re: Rising steel prices!! Are tractor prices next?

    wrong, the chinese are consuming all the iron ore, thier economy is booming, 75% rise in cars sold in china last year.

    my company is hurting, threatening not to ship if customer doesnt accept material cost increase. Go figure.

  5. #5

    Join Date
    Oct 2003
    Posts
    151
    Location
    Northwest Georgia
    Tractor
    Kubota GL 3430 - Massey TL30 - Ford 1700

    Default Re: Rising steel prices!! Are tractor prices next?

    Ron, I hear you on the prices...been shopping for a new steel building (to house the tractors [img]/forums/images/graemlins/smile.gif[/img]) the last few weeks...getting quotes has been a lot like playing the stock market [img]/forums/images/graemlins/blush.gif[/img]

    Signed the contract on a 30 x 50 this morning...the rep said they were expecting a big increase the first of March [img]/forums/images/graemlins/frown.gif[/img]

    GareyD

  6. #6
    Veteran Member
    Approved Advertiser
    HayDR's Avatar
    Join Date
    Oct 2002
    Posts
    1,864
    Location
    Johnson City, TN
    Tractor
    JD 2040,2240, 2355, 2755, 4055

    Default Re: Rising steel prices!! Are tractor prices next?

    China's increase demand for steel from last year to this year is greater that the total steel production of Canada and Mexico combined. Flat bar steel has gone from $280 a ton to $680 a ton. It is like this purchase now because the next production by MFG's will be 10-30% more. JD has a 12% increase in combine orders and can not purchase the steel to make them. The priority for steel is defense contractors and the auto industry so the AG MFG's are scrambling.

  7. #7

    Join Date
    Jan 2004
    Posts
    223
    Location
    Mid Michigan
    Tractor
    John Deere 4510

    Default Re: Rising steel prices!! Are tractor prices next?

    Steve,

    I agree with what your saying, my company is getting orders this year at a fast rate compared to the last few years.

    We are starting to get hit with longer deliveries and higher prices from our suppliers, not good for us considering our customers don't want to hear it, but what can you do [img]/forums/images/graemlins/blush.gif[/img]

    I think that Europe is also booming right now which is helping with the demand.

  8. #8
    Super Member
    Join Date
    May 2002
    Posts
    5,673
    Location
    Wylie, Texas
    Tractor
    JCB165HF

    Default Re: Rising steel prices!! Are tractor prices next?

    I've been told to expect a thirty to forty percent increase in galvanized pipe prices within the next sixty days. They are a major wholesaler in our area. The manager told me they had twenty eight semi loads of import galvanized pipe at sea that was called back to the importer to wait out the price changes.

    Less than a month ago we bought 58" V Mesh for $237.50 a roll. It is now $297.00

    I've been told scrap prime is going for over two hundred a ton at the mill. China is paying over three hundred a ton.

    Prices on installed fence that I quoted thirty days ago are no longer valid. I've been told by my supplier that giving anything beyond a ten day price guarantee is foolishness on my part. Between the rising fuel and now steel prices some folks are going to have to make some tough decisions. [img]/forums/images/graemlins/crazy.gif[/img]

  9. #9
    Platinum Member Buster57's Avatar
    Join Date
    Apr 2002
    Posts
    583
    Location
    Hillsboro, Oregon
    Tractor
    B7800, JD RX95

    Default Re: Rising steel prices!! Are tractor prices next?

    Most commodity prices are going up and petroleum is not going down.
    Aluminum and copper are increasing at double-digit rates. The biggest concern in my industry is pipeline protection and enforcement of “NTE” clauses in pricing contracts. This means pricing is not to exceed (read “No price increase”) over a negotiated period of time. It is very tough on suppliers to live with NTE, let alone continued price down pressure, when the cost of raw material is increasing.
    Tough world out there but that’s why we make the Big $NT!

  10. #10

    Join Date
    Feb 2002
    Posts
    996

    Default Re: Rising steel prices!! Are tractor prices next?

    We had a 9% increase in the price of New Holland loaders just this month. So it is starting to happen!

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