I’ve got a good sized order coming in (good sized for us, not for a bigger shop) and we were looking at our stock of 18 gauge sheet. Thinking we might be getting a little low I went to my normal vendor to see about re-upping and HOLY CRAP! I knew things were hairy but this is just nuts beyond nuts.
We were paying $94/sheet in December (and I’m glad I bought as much as I did then) but that same sheet is $366.72/sheet!!! The 2" .065" wall P/O we buy a lot of for our furniture we make was $34 per 24’ stick and is now $234.20.
We’re already not making a lot of money but I don’t want to raise my prices to match market conditions or we’ll completely price ourselves out of contention against the other shops doing the same thing who maybe are sitting on more inventory or work in volume with less profit per piece.
How bad have you guys had to raise your prices?