Look Out! Steel Prices on the Rise… Again!

Steel prices have been steadily rising this year. Monthly alerts received from steel distributors are showing a 50%+ increase in prices for hot and cold rolled steel, compared to the recent lows found in May. Plate steel prices have also crept up better than 25%. Experts believe that the upward trend is expected to continue into Y2021, as prospects for an economic recovery come into view.

Whatever the reason for the rise in steel costs, some of our products are already being impacted. If you see renewed activity on projects that were delayed due to the pandemic, please check with us to confirm pricing on any expired proposals. Thank you!