Because of the riots, we added 18 million new gun owners is one of the factors. Mines were shut down for some of last year for social distancing, had an impact on raw material supply.
Federal Ammo CEO just gave an interview, they are over 1 Billion dollars of orders backordered. To put that in perspective their revenue for 2018 was 350 million. So they are at best 3 years of production backlogged.....
The shortage is not going away any time soon. I expect it will be at least a year till the demand decreases. Prices are never going back to "normal" 25c for steel case 223 or x39. I think they might stabilize in the 40c range. But not this year.
Im fiends with someone at Wolf ammo. Their plants in Eastern Europe would be running 24-7 but they cant get enough supply to run their lines. Its just now turning around but transit time is 3 months plus. Also if you don't know there is a massive container shortage in the world right now. So that may add further to the hold up in shipping cheap steel case stuff from "Russia".