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Thread: steel margins?

  1. #1
    Join Date
    Jul 2012
    Posts
    16

    Default steel margins?

    What kind of margins should be put on steel when quoting a job? Thanks.

  2. #2
    Join Date
    Aug 2010
    Location
    Chesapeake, Va
    Posts
    108

    Default

    20% if your confident in your estimate 30% if there is a gray area 50% if you did a drive by estimate and never slowed down.
    Lincoln Vantage Kubota diesel 30 amp spool gun , Hobart 210 with spool gun, Thermal dynamic pak master 75, miller 304xmt all mobile all ready to go.

  3. #3
    Join Date
    Aug 2004
    Location
    Milan Michigan
    Posts
    1,690

    Default

    It depends on if you are buying your steel in quantity 5-10,000 lbs. where your bigger fab shops are buying theirs or are you buying from the next tier down that is a small company.

    You have to have an idea what your competition is selling their steel for.

    For years I bought from the second tier and bought as I needed so I was not getting the best deal and now I buy from the same company that they buy it from so I save about .10 - .20 cents a lb. but I keep an inventory and buy 5-10,000 lbs. at a time.

  4. #4
    Join Date
    Jul 2012
    Posts
    16

    Default steel margins?

    Awesome information! Thank you so much.

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