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...
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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...
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