The Steel Index (TSI) daily iron ore reference price has increased more than 100% since March of 2009. Furiously punching away on our Adler 81S pocket calculator with vacuum fluorescent display, we were stunned to learn that a 100% increase is equal to taking last year’s spot price for steel, and then doubling it!
Despite a steel price levitation act that would make David Blaine’s mascara run, Paragon remains committed to keeping list prices unchanged for the remainder of 2010. Unless, of course, we change our minds!
Reasons attributed to rapid steel price ascent are:
- Massive spending by Chinese on steel-intensive infrastructure
- Summer reunion tour of 70’s alternative rock band Steely Dan
- Expectation of large infrastructure spending in India
- Superman heavily engaged in trading commodity futures via online brokerage account
- BlueRay DVD release of Steel Magnolias
Steel price increases are mentioned herein for a couple reasons:
- We’re attempting to garner goodwill from our valued customers by not passing on higher costs which in turn makes selling more difficult. In other words, we’re showing our mettle (please note clever use of homophone).
- Demand for steel worldwide is increasing. Perhaps, this is a leading indicator that our economy just might be shaking off the soggy conditions of the past 2 years.
Tags: paragon furniture, steel commodity pricing, steel index
Do you plan to keep this site updated? I sure hope so… its great!
I must say that by and large I am really impressed with this site.It is easy to see that you are chuffed about your writing. Trust all your future posts turn out as well.Cheers!
Thanks for the kind words, Nestor and Dixie (when said together, those names sound like the title of a Pixar film…just saying). Heretofore, Dixie, i had only experienced mild nipple chafing following long runs on cold, wet days. Thanks for introducing the word “chuffed” to me.
We are working assiduously (5 star word credit, please) to keep our customers informed on our product developments, the impact of commodity prices, trends within our furniture vertical, and much more. If we can present relevant information in an entertaining form, we figure a long lasting impression will be made. You know, like on the sofa cushions in Graceland (RIP Elvis).
Thanks for reading our blog and visiting Paragoninc.com. All the cool kids do!
I like the style you took with this topic. It isn’t typical that you find something so to the point and enlightening.
Your blog keeps getting better and better! You have a lot more creativity and originality now. Keep it up!
And according to this article, I totally agree with your opinion, but only this time!
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