Internationally steel prices have reached levels not seen since 2008 – the full impact of these increases and their associated supply chain costs have yet to flow through into our market due to extended manufacturing lead-times and shipping delays.
International pricing has continued to escalate. Since our last communication most categories have had further increases. This has been compounded by continued high shipping and logistics costs as well as more recently the removal of a Chinese export rebate of 13%.
Steel & Tube says the time is right for steel framed housing to be pursued as a faster, lighter, cost effective and more sustainable solution for both bespoke and high-volume residential homes.
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