Prices Rise As Manufacturing Recovers

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The prices of all raw materials that we track rose as follows over the past year:

Aluminum: Up 23% from July 2009.

Brass: Up 28% from July 2009.

Copper: Up 17% from July 2009.
Nickel: Up 70% from July 2009.
Stainless: Up 37% from July 2009.
Steel, Busheling: Up 51% from July 2009.
China Coke, Up 3% from July 2009.

Aug2010Material Impacts — Up some serious double digits over a year ago.

You can download the August Material Impacts report free here
We track these items as they indicate the direction that we wll be paying for our raw materials in our precision machining shops, Steel, Aluminum, Brass and Stainless barstock. These items are critical to the manufacture of those materials.

Materials Prices Increase-Through The Roof

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Prices of raw materials used to make precision machined products are up substantially, ranging from 44% to 114% from March 2009- March 2010 for 6 of the 7 materials we track.
Low inventories, increasing demand, idled production facilities, are among the factors involved here in North America.
As are the historic iron ore agreement and continued high demand in China.

through%20the%20roof — We think this trend will be around for a while...

Fuel price increases also impact freight, which is an important factor in our business.
We will not be shocked to see monies paid for steel in May to be $80 per ton higher than they were in April based on already announced price increases and the current price on #1 busheling which determines surcharges.
Read more and download the .pdf report here.
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