How Market Volatility Affects Steel Prices and What That Means for Order Quantities
Posted by: Brian Rothstein on July 20, 2022 | 3 min. read
If you’ve paid any attention to the news over the past two years, you’ve noticed markets across many industries falling victim to volatility brought on by lagging production and increased demand. Many influences have caused this, most notably the COVID-19 pandemic, the war in Ukraine, and the potential recessions many countries are currently facing.
Steel is no stranger to fluctuating market conditions, and many fear the possibility of a volatile steel market where demand and price plummet, leaving suppliers with large quantities of steel and nobody to purchase. Let’s look at what market volatility is, what it means to the steel industry, what some of the causes may be, and how it affects demand and price.Read More
What Is Minimum Order Quantity in Metal Manufacturing?
Posted by: Brian Rothstein on April 14, 2022 | 5 min. read
If you’ve spent any time in the metal supply industry, you may have noticed three letters strung together: MOQ, or “minimum order quantity.”
It’s a phrase we use often. But what does MOQ mean in manufacturing? And how does Mead Metals’ MOQ policy benefit you?
Why The Lowest Material Price Isn't Always Better
Posted by: Brian Rothstein on November 30, 2021 | 3 min. read
Let’s say you want to buy a car. You have the option of buying a high mileage vehicle for $5,000, or you could buy a slightly newer, lower mileage vehicle for $9,000.
Obviously, you have to fork up an extra four thousand dollars for the nicer vehicle, but you have to weigh your options when it comes to what’s most important to you: a more reliable vehicle, or a lower overall price that may break the bank when you have car issues in a few months.
It’s a similar idea when comparing metal prices. Depending on the crucial quality requirements of your project, sourcing materials like steel, copper, or bronze at the lowest cost could drive up your overall cost later.
Finding the lowest material price and finding the lowest material price that meets your specific needs are two very different things.
So, this drives us to an important question.Read More