Steel at a Steal?

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Wow, prices have dropped.  I just went and picked up 20ft stick of 1x1 16ga for $11, and two 20ft sticks of 1.5x1.5 14ga  for $20 each.The guy at O'Neal Express told me that their computers are "tied into the market" for pricing.  He said that when they check a price it is by the market value at that exact time.  He told me that demand is heavier in the mornings, and that if you want a better price, come at 2:30, they close at 3:00.  At the end of the day, demand is low and prices drop.Don't know if that"s true or not, but it"s something to keep in mind when shopping for your projects.
Reply:At those prices, you can't afford to buy the salvage stuff and try to clean it up.
Reply:I just bought 4 1" plates 16" X 16" cut for $.75 per pound.David Real world weldin.  When I grow up I want to be a tig weldor.
Reply:I just bought 20 1"x1" 20' lengths of 16 ga for $6 each.  Cheaper fuel prices rippling through, finally?
Reply:We're at around 40cents a pound for new steel right now.I couldn't plant a crop this Spring, and every dime of the money I  didn't spend is goin' into steel3x3 11ga square tubing $41 a stick.  3" 4lb/foot channel $29I don't have a fortune, and what I have has to go for stuff that needs making.  It's the time to buy.  Pull the money from other less important things, and stock up on ironIf you look down the road, it's gonna make everything you build half the cost it was just 8 months ago.  All of a sudden, things are within reach.The big guys around here are buyin' like mad.I'm steppin' along in their footprints on a really small scale Attached Images"Any day above ground is a good day"http://www.farmersamm.com/
Reply:Is $14 a good price for 20ft 1x1 11ga square?That is what I've been paying..Hobart Handler 187Bainbridge bandsawMakita chop sawHarbor Freight 4.5" grinder
Reply:Originally Posted by farmersammWe're at around 40cents a pound for new steel right now.I couldn't plant a crop this Spring, and every dime of the money I  didn't spend is goin' into steel3x3 11ga square tubing $41 a stick.  3" 4lb/foot channel $29I don't have a fortune, and what I have has to go for stuff that needs making.  It's the time to buy.  Pull the money from other less important things, and stock up on ironIf you look down the road, it's gonna make everything you build half the cost it was just 8 months ago.  All of a sudden, things are within reach.The big guys around here are buyin' like mad.I'm steppin' along in their footprints on a really small scale
Reply:1x1 16g, 20 feet......  $7.45  at Patton's Steel Corp. in Ontario, CA.its on sale til end of June.  when the sales over, price goes back up.  s
Reply:Originally Posted by jetlagIs $14 a good price for 20ft 1x1 11ga square?That is what I've been paying..
Reply:I just called C.Henry steel in Fort Wayne and their prices are at $0.35 a pound for new clean in the warehouse steel and $0.30 a pound for new but what they call dirty steel out in the yard.I am going to have to make a trip up there this week and stock up on my everyday use stuff and get my stuff I need for that trailer project I am working on!#1. If you don't like what I wrote, or if it offends you, then don't read it!#2. I am living life the way I see fit, if you don't like the way I'M living, tough sh**!
Reply:I just picked up 3    4'x8' sheets of 1/8 for $65.00 a sheet........It's starting to come down finaly....Lincoln Percision tig 225 (Water cooled)Lincoln 350MP Power mig (with spool gun )Lincoln GXT 250 With Tig  ModuleLincoln Ln-25 Pro Dual PowerCentury 50 plasma cutter.now Lincoln .
Reply:Is $2.21 a foot for 1" round tubing .120 a normal price?Hobart Handler 187Bainbridge bandsawMakita chop sawHarbor Freight 4.5" grinder
Reply:Thats about $1.96 per pound, for 1" with a wall thickness of .120 weighs 1.13# per foot.If that is structural carbon steel, it does seem pretty high, but of course, it depends on where and how you are buying it!If you are getting it from a box store or a hardware store, that is about normal, as you are most likely buying a small quantity, and the convenience of it dictates the higher price.If you buy from a large quantity distributor, or wholesaler though, I would do some more shopping around!#1. If you don't like what I wrote, or if it offends you, then don't read it!#2. I am living life the way I see fit, if you don't like the way I'M living, tough sh**!
Reply:So Sam you didn't plant anything this year? was it due to the late spring?Nice selection of steel Sam. I don't have my selection as neat as that mine is in piles everywhere at my farm shop. At the cnc shop everything is stored using a computerized tracking and inventory system. Lately I have been getting lots of steel for my farm shop just by  driving around and folks bringing scrap to me. Also building projects in our county usually have alot left over from projects and they look for places to dump it.Co-Own CNC shop:Miller :1251 plasma cutter, MaxStar 700 TIG/Stick, & XMT 456 Multiprocess Welder.&  2 Hypertherm HPR260's Plasma CutterSorry I had a bad stroke but now I am back.
Reply:Guess I missed the sale ...Discount Steel in Minneapolis Minnesota is where I usually get drops at 50 cents a pound for many months. Just gave them a call and it has gone up to 65 cents a pound. Certainly the wrong way for me.
Reply:Originally Posted by Ken DennisThats about $1.96 per pound, for 1" with a wall thickness of .120 weighs 1.13# per foot.If that is structural carbon steel, it does seem pretty high, but of course, it depends on where and how you are buying it!If you are getting it from a box store or a hardware store, that is about normal, as you are most likely buying a small quantity, and the convenience of it dictates the higher price.If you buy from a large quantity distributor, or wholesaler though, I would do some more shopping around!
Reply:I'd like to pick up some steel for some projects I have in mind. The projects are centered around tractor implements....3ph forks, toothbar for fel, receiver hitch(male/female sq.tubing) and other things as well. Right now, I just have some matress framing that people have thrown out. would you mind offering up some common or typical sizes I should look at getting for these projects or even what you find just really handy to have around?I'm thinking it would be best to get it in 20 ft sections?Tks, I'm definately looking to get some sq. tubing for receive hitch set ups. Tom
Reply:Originally Posted by GumneckI'd like to pick up some steel for some projects I have in mind. The projects are centered around tractor implements....3ph forks, toothbar for fel, receiver hitch(male/female sq.tubing) and other things as well. Right now, I just have some matress framing that people have thrown out. would you mind offering up some common or typical sizes I should look at getting for these projects or even what you find just really handy to have around?I'm thinking it would be best to get it in 20 ft sections?Tks, I'm definately looking to get some sq. tubing for receive hitch set ups. Tom
Reply:Originally Posted by JC'sWeldingWow, prices have dropped.  I just went and picked up 20ft stick of 1x1 16ga for $11, and two 20ft sticks of 1.5x1.5 14ga  for $20 each.The guy at O'Neal Express told me that their computers are "tied into the market" for pricing.  He said that when they check a price it is by the market value at that exact time.  He told me that demand is heavier in the mornings, and that if you want a better price, come at 2:30, they close at 3:00.  At the end of the day, demand is low and prices drop.Don't know if that"s true or not, but it"s something to keep in mind when shopping for your projects.
Reply:Originally Posted by KarateBoyThat doesn't make sense to me. Steel isn't traded.Anyway,I just about 5' of 1/2'' square steel bar for $7 near Chicago
Reply:Originally Posted by GumneckTks, I'm definately looking to get some sq. tubing for receive hitch set ups.
Reply:When someone is tied into the "Market", that means that they are using replacement cost pricing, just as a lot of gas stations do.  Their cost of steel doesn't depend upon what they pay for it, but rather what it will take to replace it.  This keeps companies with a viable way of replacing steel when the market upswings.Esab Migmaster 250Lincoln SA 200Lincoln Ranger 8Smith Oxy Fuel setupEverlast PowerPlasma 80Everlast Power iMIG 160Everlast Power iMIG 205 Everlast Power iMIG 140EEverlast PowerARC 300Everlast PowerARC 140STEverlast PowerTIG 255EXT
Reply:I just paid $200 for 72' of 2"x2"x1/8 wall mild steel tubing + 24' of 3/4x3/4x0.064 wall tubing, including a $20 delivery fee (way worth it).  This was from Mid City Steel in MA.I'm getting plate and sheet drops for anywhere from $0.30/lb to $0.75/lb depending on material. (mostly $0.30/lb).  I'm buying drops from a regional steel supplier that has an online store selling their excess from larger orders.  So far I've bought about 400# of this material.Matt