Industry View: Steel Prices Spike
After several years of stable pricing, the cost for steel products have shot up dramatically, which could have a direct effect on your project.
Steel is a manufactured material that is subject to any number of events that can influence the price from day-to-day, like any other commodity. Everything from the cost of the raw materials to how much fuel costs has a direct impact on the price of the final product – not to mention new Tariffs.
So we now have to educate our clients and customers…
The reason for this post is to warn customers, architects and design firms that if you have a project coming up you can expect 8% – 40% price increases this year. We have already had one factory increase pricing by 8% and another by over 40%.