OK - Tariffs
- Thread starter Loyal Coug1
- Start date
That's OK, I'm a beer snob. I only drink bottled or draft beer - stuff in a can is only for camping.
Nobody actually wants annexation. Canadians are too left and too socialist for republicans to tolerate. Trump is only talking about it for effect.
Impatient one, aren’t you!
The past 5 years have been the most volatile in history for lumber prices. 90 didn’t say if his buddy is owner/builder, a buyer of new construction or customer of a custom builder
In any case, anyone concerned about lumber volatility entering a build can hedge the lumber through their Schwab account.
The past 5 years have been the most volatile in history for lumber prices. 90 didn’t say if his buddy is owner/builder, a buyer of new construction or customer of a custom builder
In any case, anyone concerned about lumber volatility entering a build can hedge the lumber through their Schwab account.
Hey Biggs, hope your relocation went smoothly.
Couple questions for you, if you don't mind. Is there any difference in materials between the old and new locations? Not looking to start any argument on the issue, just actually curious as to what you know about that market.
Also, since the economy in general was doing quite well under Trump in his first term, right up until Covid crushed us, what was it that was so terrible for you back then? Again, just looking to find out the micro view on things. Thanks.
Same location. Price went up $9.75 per sheet on 14 gauge p/o steel. A 38% increase from one month to the next based on what was SAID, not done. Now the 25% tariff is in effect.
The price of steel went from $60 per 16 gauge 4’x8’ sheet to $150 for the same sheet in his first term. He was a disaster for the industry. His tariffs then put a lot of people out of business.
Is your buddy building a mansion? Let me just say I am very skeptical of that number. The tariff that is being talked about that would go into effect is an additional 25%. So in order to cost him an additional $200,000 that means the estimated lumber cost right now is $800,000. That is just basic maths.
Now I am also looking to build in the next year or so. My design with full basement, first floor, and a loft area looking out towards the lake through the vaulted Great Room, has an estimate from the builder of $1,000,000 (plus or minus) to finish the entire ~4,000 square feet. So is your buddies house like 10-12,000 square feet or what? I doubt it is, and I question the 200 grand claim for lumber increase.
Thanks. How much of these increases are you able to pass along to consumers vs how much you have to eat from your profit margins?
Some things can move up. Others just are what they are. Either offer them or don’t.
There is a number where I shut down manufacturing completely on one item and move to another 100%.
Unless that thickness of steel gets hammered out of South Korea. Then I have to get creative.
Tariffs are one thing. US mills slowing production to hold both thumbs, both elbows, etc on the scale in their favor is another thing.
Steel prices are lower today than they were when Trump left office. In fact, CNY/T is lower today than just about every single day under the Biden admin.
Pretty easy to check.
Steel rebar futures were at CNY 3,220 per tonne, remaining close to the two-month lows of CNY 3,200 touched on March 11th amid concerns of lower demand. Consumer and producer prices in China fell more than expected in February to underscore the poor demand for manufactured goods in the world's top consumer. In the meantime, US President Trump imposed 25% tariffs on steel, spurring retaliatory measures from the EU. The measures have a muted impact on the Chinese rebar market due to existing barriers Trump's first term. Still, the move added to a rising trend of protectionist policies that do impact Chinese mills, particularly due to the rising dependency on exports to meet their sales targets as slowing construction activity dampened domestic rebar buying. Tariffs were imposed or threatened by Taiwan, Vietnam, South Korea, and Brazil. Steel exports grew 7% in the first two months to 17 million tons, following a record-setting record-high 130 million tons in 2024.
Steel - Price - Chart - Historical Data - News
Steel decreased 43 Yuan/MT or 1.30% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Steel - values, historical data, forecasts and news - updated on March of 2025.
tradingeconomics.com
It’s a large house, and a big part of it is the garage. He collects vehicles. Think garage in Ferris Buehlers Day Off. I’m not sure what the total square footage is but think the garage alone will house 7-8 vehicles.
Not arguing that your price increases didn't happen, but why is there such a difference between what you experienced and what the US BLS charts show was a fairly stable level through Trump's first term? The huge spike happened during Biden's term, which I would expect is primarily explained by the whole Covid mess.
Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip
Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip (WPU101707) from Jun 1982 to Feb 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.
fred.stlouisfed.org
Steel prices are lower today than they were when Trump left office. In fact, CNY/T is lower today than just about every single day under the Biden admin.
Pretty easy to check.
Steel rebar futures were at CNY 3,220 per tonne, remaining close to the two-month lows of CNY 3,200 touched on March 11th amid concerns of lower demand. Consumer and producer prices in China fell more than expected in February to underscore the poor demand for manufactured goods in the world's top consumer. In the meantime, US President Trump imposed 25% tariffs on steel, spurring retaliatory measures from the EU. The measures have a muted impact on the Chinese rebar market due to existing barriers Trump's first term. Still, the move added to a rising trend of protectionist policies that do impact Chinese mills, particularly due to the rising dependency on exports to meet their sales targets as slowing construction activity dampened domestic rebar buying. Tariffs were imposed or threatened by Taiwan, Vietnam, South Korea, and Brazil. Steel exports grew 7% in the first two months to 17 million tons, following a record-setting record-high 130 million tons in 2024.
Steel - Price - Chart - Historical Data - News
Steel decreased 43 Yuan/MT or 1.30% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Steel - values, historical data, forecasts and news - updated on March of 2025.
So this is where you tell someone that spends tens of thousands of dollars on steel per year what is and what isn’t?
Steel under Biden was way better than under trump. Biden made me more $$$$.
Just because it doesn’t fit your politcal agenda doesn’t mean it isn’t true.
Sit down and shut the fck up on this one son.
Well, my garage is only 3 stalls, my collector cars will go in the separate shop. I am still highly skeptical about the claimed hit of 200k increase simple for lumber.
Not arguing that your price increases didn't happen, but why is there such a difference between what you experienced and what the US BLS charts show was a fairly stable level through Trump's first term? The huge spike happened during Biden's term, which I would expect is primarily explained by the whole Covid mess.
Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip
Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip (WPU101707) from Jun 1982 to Feb 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.fred.stlouisfed.org
I don’t know what to tell you. You either believe me as someone that is in the industry or you scour the web to try and prove me wrong.
The huge spike was under trump. It was Biden that got prices down. Believe it or don’t.
Ok be skeptical. Not sure why my buddy would have a reason to bullshit me about that he’s not trying to convince me of anything. Shipping costs may factor in too. Trade wars don’t just create chaos with materials pricing but also supply, demand, and logistics.
Are you sure about that contract? Right wing lunatic site Snopes (LOL!) says you are full of it. No contract, no corruption.
Wall Street says so, as I linked.
Perhaps you’re just confused by your hatred? Mixing up your story with facts?
Wall Street >>> Biggs Street.
Oh, I absolutely believe you and what happened to you. I am just trying to understand things. Were US firms manipulating the market? Is that chart not applicable to the exact products that you buy? Only trying to get a better understanding of things that I am not an expert on.
I appreciate your inputs.
I’ve never been a fan of Biggs puffing out his chest and threatening to beat people up, but I have to say I’d have no problem watching him make you cry uncle. Some people are just asking for it.
Funny, I was thinking the same about certain whiney libs, constantly crying on this board.
lol. I’m no lib but Trump is the biggest f’n crybaby on the planet and his cult is just as bad. Cosplaying wannabe tough guys always crying victim.
