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Can someone explain why the price of steel has tripled in the last six months?
Posted on 2/24/21 at 2:37 pm
Posted on 2/24/21 at 2:37 pm
I’m looking to build a barndominium in the next year or two. My brother bids jobs for a large fab shop in the BR area, and I’ve discussed the matter with him. Back in November or December he said that I should hold off because the price of steel had basically doubled recently. Last week he told me that the price has gone up again, and it’s now triple what it was. Anyone know what’s driving this?
Posted on 2/24/21 at 2:42 pm to High C
All construction material has at least doubled.
Posted on 2/24/21 at 2:42 pm to SkinnyTestaverde
quote:
All construction material has at least doubled.
yep lumber is through the roof
Posted on 2/24/21 at 2:42 pm to High C
Supply chain issues and tariffs.
Posted on 2/24/21 at 3:12 pm to High C
Nobody lets a pandemic go to waste, won't be going down either.
Posted on 2/24/21 at 3:15 pm to whatshisface
steel and lumber not going down... not doubting you but
can anyone confirm
can anyone confirm
Posted on 2/24/21 at 3:16 pm to whatshisface
quote:
won't be going down either.
Like ever? Prices have always fluctuated.
Posted on 2/24/21 at 3:27 pm to VABuckeye
and the cheap dollar after all the spending Trump, Pelosi and McConnell did the last 12 months.
Posted on 2/24/21 at 4:47 pm to High C
There are several factors playing into it... factories were shut down bc of COVID... they’re coming back online, but they’re not ramping up to meet demand. Demand is high bc of the backlog created by the shutdown. It’s a cycle that just needs to play itself out.
I’m sure tariffs are playing into it as well... but this is almost entirely due to COVID and the shutdown/ramp up.
I’m sure tariffs are playing into it as well... but this is almost entirely due to COVID and the shutdown/ramp up.
Posted on 2/24/21 at 4:55 pm to High C
quote:
Can someone explain why the price of steel has tripled in the last six months?
demand has increased or supply has decreased
Can I answer anything else for you?
Posted on 2/24/21 at 4:58 pm to zephry801
another increase is coming in 2 days
Posted on 2/24/21 at 6:09 pm to iAmBatman
The northern US is run by liberal governors. They are out of control with COVID restrictions. Unless you have been up there , it’s difficult to describe the differences. They literally are shut down. Our offices up there are all working from home and don’t travel. Offices in the south are open , with voluntary work from home. 25-30 percent work from home. Everyone else is at the office. The contrast is unbelievable. If we have a conf call with any of the folks that work up there or people within our sphere of business, they can’t believe we are in the office. They can’t comprehend it, that how crazy the control is up there.
Posted on 2/24/21 at 6:22 pm to michael corleone
I was looking at a job at a mill in Texas that I thankfully didn't get in retrospect. A lot of their management team was working remotely still as of a few months ago. I don't doubt things are a lot different up north but things aren't completely open down south either.
Posted on 2/24/21 at 6:58 pm to High C
Building materials due to natural disasters as well. Nobody talks about that serattio or whatever that swept through Iowa, but it took out every barn and silo in its path.
Not to mention hurricanes and flood.
Not to mention hurricanes and flood.
Posted on 2/25/21 at 9:34 am to High C
When you print money, the price of things with real value increases (or actually stays the same while the value of your paper falls like a rock)
Posted on 2/25/21 at 9:50 am to DawgCountry
Lumber was $5.15 under Trump now it’s over $15. Crazy inflation coupled with booming supply chain changes out of China which is fueling new construction projects overseas.
This post was edited on 2/25/21 at 9:51 am
Posted on 2/25/21 at 9:52 am to ihometiger
lumber was going up while trump was in office bud
ive been trying to start a new build for months now. im not sure what to do it at this point, i dont wanna delay any longer but..
ive been trying to start a new build for months now. im not sure what to do it at this point, i dont wanna delay any longer but..
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