How Steel Prices Affect Your Metal Building Price

5 Factors that Increase Steel Prices and Drive up Building Costs

Steel is a major commodity in the Global Economy, and the factors that influence steel prices are often complex.

Because the steel industry is part of the competitive free-market, prices remain relatively stable over time. However, price fluctuations do happen and can have a significant effect on the final cost of constructing a new metal building.

To help you understand why steel prices fluctuate and how they might affect the final cost of your new steel building, we’ve identified and explained the 5 major factors that increase the price of steel and how those factors can directly or indirectly drive up the cost of your Metal Building.

5 Factors that Influence The Price of Steel:

  1. Cost of Raw Materials
  2. Weather
  3. Oil Prices
  4. Supply & Demand
  5. New Tariffs

 

source https://www.cdmg.com/building-faqs/how-steel-prices-influence-the-cost-of-your-building

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