100% high demand artificially manufactures high price for in-demand items.
however the trend has been such that prices are slowly coming down. just so happen i'm low on some calibers so i've been watching and tracking prices across the web very closely. yesterday's milestone was 7.62x39 dropped to pre-newtown psychosis price for the first time in many month - 20c/r. and it happened on regular day of the week, not as part of holiday sale ot anything like that. this is great.
however for 223 because of much higher demand (than for 7.62x39) price reduction to normal has been a lot slower and not as stable. there are still flactuations and back and forth price wise. Lowest cost per round i've seen was .24 but that happened near christmas on sale and right after price jumped back to 30c/r or higher. it looks like a current price trend for steel 223 is howering around 30-35 c/r depending on the brand. wolf tends to by priced slightly higher and brown bear - lower.
i personally remeber paying around 30-35 cent for US made brass cased 223/5.56 and i'm not willing nor able to afford to pay that much for steel b/c i'm poor. i'll wait for another half year if need be. i'm a patient man.