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I Forge Iron

Price of New Steel

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For what it's worth, I went to the local steel supplier to buy various sizes of mild steel. Prices have come down somewhat, this is what I paid:

hot rolled round 5/16" dia, 20' length = $5.07
hot rolled round 3/8" dia, 20' length = $6.29
hot rolled round 1/2" dia, 20' length = $6.85
hot rolled round 5/8" dia, 20' length = $10.49
hot rolled square 3/8", 20' length = $6.10
hot rolled square 1/2", 20' length = $8.78

It averages to $7.26 for a 20 foot length which I hope to turn into stuff reselling for at least $100, just as an example. Making garden stuff so it gets used up fairly fast and turns a nice profit even after adding in overhead and time.

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