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What constitute product delivery?

Arkansas

We are a small Minority contractor, fabricating steel exterior stairs for multi-family housing units. We currently in a discussion on what constitutes. We delivered fabricated steel to the prime contractor (also will own the property once finished. Once this product was fabricated it was delivered to the Job site, to be painted before erection on the building. After delivery and before painting, the material was stolen from the job site. We asked the contractor to replace the stolen steel. since it was stolen from his job site. The contractor's position is that it does not become his property un till it is installed. Even though he pushed for delivery and paid for the product. What is the law concerning this problem?

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