Because of recent uncertainties in the commodity market today, we are mitigating the risk of price inflation by rapidly purchasing large quantities of steel, therefore keeping the price low and stabilizing the commodities’ overall price fluctuation. We want to keep you in the driver’s seat by stabilizing your purchasing power.
Drop in Price of Steel is Unprecedented
What we are doing is purchasing large amounts of steel material in order to keep the price as low as possible for as long as possible, by doing this we are keeping the overall commodity price low, allowing us to offer our prefabricated residential steel building kits like prefabricated garages at an incredibly reduced rate.
The problem is that these low commodity prices can’t stay this low forever, experts predict.
When asked what factors could increase the price of steel, experts said: ” The Chinese economy is expected to continue to slow due to the recent viral outbreak resulting in reduced steel supply chains while the demand increases globally.” Construction spending is expected to increase globally due to new emerging economies. Steel demand increased by 3.9% in 2019 and in 2020 experts predict the demand for steel will again experience a 1.7% growth.
