Core CPE for April = Lowest Since March 2021

You claim the fed is political and treats trump unfairly.

I chuckle.

Now you come back and say the fed treats trump same as Biden and claim you are right.

Impressive

 

I can’t speak for all types of steel, but rolled steel increased literally from the week of the inauguration until the week of 4/7 where they peaked. Since then hot dipped galv coil has dropped from $1245 to $1103 per short ton, or by 16.4%. Prices are still up 15% from the date Trump took office though ($958).

 

I have two midrise projects (6 -8 stories) on hold right now due to steel costs. they can't eat it and the market won't absorb it

If they never get built, another perfect set of plans by me, a LOT of lost local revenue and long term tax base

 

Interesting part to me is that people ordering strategically counted on shipping being as it always has been but shipping isn't the same, orders are backing up, and guessing at timeliness is fruitless

Want to see where Trump’s tariffs are leading US business? Look at Georgia

If you want a bellwether to measure the broad impact of Donald Trump’s tariffs on the economy, look south, to Georgia. The political swing state has a $900bn economy – somewhere between the GDPs of Taiwan and Switzerland.

The hospitality industry is facing an existential crisis. Wine merchants wonder aloud if they will survive the year. But others, like those in industrial manufacturing, will carefully argue that well-positioned businesses will profit. Some say they’re insulated from international competition by the nature of their industry. Others, like the movie industry, are simply confused by the proposals that have been raised, and are looking for entirely different answers. So far, it’s a mixed bag.
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Demmond suspects that shipping is suffering from a bullwhip-like effect from uncertainty around tariffs and the economy: so many buyers are trying to get ahead of tariffs that there aren’t enough shipping containers to go around to meet the short-term demand.

“It means that as strategic as I’m trying to be with regards to timing my orders so I don’t get hit with lots of tariff bills at the same time, I feel like now all of that is out of my control,” Demmond said. “I never want to face a situation where I have too many orders that all sail and land at the same time, and then getting hit with really large tariff bills in one fell swoop.”

 

Huh, is it actually steel prices or finance rates? I’ve seen more commercial projects (hospitality) sidelined due to lending costs than anything else. I just looked at a generic steel index and while it’s certainly higher than pre-Covid it doesn’t appear high for recent times. I guess if they based their proformas off prices in Q3/Q4 then they’re looking at it as a 30% increase. Producer Price Index by Industry: Rolled Steel Shape Manufacturing: Cold Rolled Steel Sheet and Strip, Made from Purchased Steel

 

one way to decrease the trade deficit, jsut quit importing stuff. what does that look like on the shelf?

CNBC’s Rick Santelli Floored By How Much Trade Deficit Was Slashed In Wake Of Trump’s Tariffs

“Last number, of course a very important number to this administration, this is the trade balance, which is a deficit, expecting -$143 billion,” Santelli said. “Wow! It comes in much, much smaller, minus-87 billion and now this follows, this follows, a 163 that gets converted to 162 billion with a minus sign, the worst since record-keeping 1989, then we cut it in half to 87.6?”

“87.6 would be the lightest, I’d have to really go back, 87.6 would be the lightest since… wow! September of `23, and this really does underscore how the movement of goods and services has really changed due to a variety of tariff-related issues,” Santelli continued.

 

I don’t know about some of you, but this wouldn’t make me unhappy …

 

Structural steel elements is what I was told. Unknown impacts of tariffs on imported steel. I'm just the dirt guy so not my sandbox

 

The only thing I failed was making you understand. A near impossible task, so I won't beat myself up too badly.

 

That should really help you out in life.

You should look for more ways to narrow your worldview.

 

Man - you check the boxes for all the awesome character traits.

 

Perhaps he should disconnect from the web or at least THFSG to avoid misinformation?

 

Ah, we source 95% domestic so it’s not been an issue so far.