G’day shed folks!
Beat the steel price increase!
Steel suppliers have advised steel prices are rising for sheds delivered after May 1st.
The best way to beat the steel price rise is to request full engineering sign off NOW and beat the manufacturing cue to ensure a delivery prior to May 1st.
This is the second steel price rise in just three months and prices could continue to rise…
Why the price increase?
Iron ore has soared over the past few months as resurgent Chinese stimulus and growth coincides with constrained iron ore supply.
It’s unclear when Brazilian iron ore will return to normal production levels as the Covid-19 virus continues to spread in Brazil.
Furthermore, a world-wide shortage in shipping containers, plus an increase in maritime shipping costs has caused price increases for non-steel products as well.
So, bad news for Australian consumers if they don’t buy now, but good news for Australian iron ore producers and the Australian federal
government with iron ore revenues boosting nominal gross domestic by an estimated A$4.4 billion in the year to June 30, 2021.
Below is the price rise for sheds delivered after May 1st.
Colorbond Steel Fencing 10% – All fencing products made from Colorbond steel
Zincalume Steel 9% – All products manufactured from Zincalume
Deckform steel 11% – All products manufactured from Deckform steel
Galvanised steel, including Galvaspan steel 11% – All products manufactuered from galvanised steel, including Galvaspan steel
Truecore steel 4% – All products manufactured from Truecore steel
Accessories & ancillary products 5% – Insulation, unpainted accessories, fencing accessories and translucent sheeting.