SteelMaster Buildings

Price of Steel Increases, but SteelMaster Customers can Still Beat the Tide

SteelMaster Buildings is headquartered in Virginia Beach, VA, and like other coastal cities and towns, the ebb and flow of the tide marks an ever-changing environmental factor to plan around when taking to the water. The same holds true for the cost of steel, which rises and falls based on the market’s climate.

According to a Bloomberg News survey of analysts, steel demand is forecast to increase by 12 percent in 2010, with an average price increase by 14 percent predicted—the second-highest on record.  Rising automotive demand, U.S. Government infrastructure stimulus packages, and an international demand for steel products are several of the factors cited as contributing to the escalating prices.

In response to the expected increase, SteelMaster Buildings has extended a lock on its 2009 steel prices through midnight, December 31, 2009, after which time the price increases will go into effect. Customers who purchase select SteelMaster steel buildings by the deadline have the option to do so by putting a minimum deposit down and also may delay delivery until June 2010.

“We are offering this opportunity to our customers now to help them avoid the price increase that is just around the corner,” says Anthony Bueno, Vice President for SteelMaster.   “We want our customers to benefit from our current low prices before costs escalate on our metal building products.”

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