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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?
8
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 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 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 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)
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