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For Superior Grain Equipment, steel costs 20% more now than it did three months ago

Photo: Superior Equipment
Photo: Superior Equipment

For Superior Grain Equipment, steel costs 20% more now than it did three months ago, says WDAY.

Superior has massive amounts of inexpensive steel in reserve, and hasn't had to increase prices as much as competitors who are relying on current prices.

The reserves won't last forever though, and neither will Superior's prices.

"We haven't had a price increase for a long time, so now it's a bitter pill to swallow," says Josh Rauser, sales manager for Superior.

Rauser says Superior does what it can to keep prices down, but it's been a struggle.

Read the full report here.

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