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Steel prices
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farmer4321
Posted 4/19/2018 12:58 (#6719560 - in reply to #6719524)
Subject: RE: Years ago, when gasoline prices were ....


A few years ago, when gasoline prices were so volatile got so they'd raise the price of gas in anticipation of a price increase because, why not? It's called windfall profit.
And that way, when the price of gas actually did go up, they had all the customers trained to higher prices already.
Think of it this way, all that steel in inventory that you have already paid for at the old wholesale price, why sell it today when you can wait a few days and sell it for twice as much?
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