I was chatting with some folks, and basically every manufacturer is running at 100% capacity. Those with military contracts are at 100% and not even keeping up. Those without are at 100% dealing with consumer and LE demand.
Also, with everything running at 100%, machines are getting out of spec from wear and having to be taken off-line to retool. (wonder why lots of people have been bitching about 9mm that doesn't eject right? PErhaps it has something to do with military and consumer demand, plus the fact it has fairly little room for slop int he extractor groove)
Expect distributor pricing for .223 to go well over $400 a thousand for next fiscal quarter.
Only upside is that lots of investors arew spooked about the lead market, so the speculators seem to be staying out of it. Although if we hit another round of military contracts of this size, I wouldn't count on that.
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