Steel issues on the horizon

At Collyer Construction, the same as every other building contractor, we have battled COVID, and continue to face challenges over material shortages and price increases on just about every project. Lead times are ever increasing with no respite on the horizon.

Steel prices have gone up dramatically and this has made pricing projects increasingly more difficult. The price at the time of the estimate is rarely the price that we now pay by the time that the project is off the ground. This makes for a tricky conversation with the client early on.

An interesting article below from building.co.uk that warns of more issues on the horizon. The knock on affect can only mean one thing – further price rises.

https://www.building.co.uk/news/industry-warned-of-imminent-risk-of-steel-production-shutdown-amid-critical-magnesium-shortage/5114334.article