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Grain Bin Makers Hit by Steel Tariff Hikes

Superior Grain Equipment calculates steel price increases up to 27%

Josh Rauser is operations manager at Superior Grain Equipment Inc., based in Kindred, ND, maker and marketer of steel grain storage bins and grain drying equipment. The company has manufacturing plants in both Kindred and Beresford, SD.

Rauser told Inforum that steel usage varies significantly year-to-year, with needs varying between commercial and grain demand, but he acknowledges the company is one of the significant players for steel use in the region.

Rauser and his Superior colleagues calculate they'll deal with steel price increases of 20% to 27%. His company had been proactive and bought greater-than-normal steel inventories when price increases were rumored nearly a year ago.

A cost-price crunch affects the whole ag market, especially as it relates to steel.

Read the full report here.

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