2021 Steel Prices Archives - Vital Valt

Steel is one of the most widely used engineering and construction materials, mainly because it is versatile, durable, and affordable. Steel pricing has risen exponentially since early December and is now at a 12-year high. There are a few factors contributing to the spike in pricing. The upward slope of steel prices is as much about the tight supplies as it is about the growing demand as the economy rebounds from the pandemic shutdowns. The economic slowdown paused construction projects, steel production, and steel consumption alike.  Other contributing factors of the 2021 Rising Steel Prices include higher overhead expenses because...