Steeling for Steel’s Price Rollercoaster

Last week Butler/BlueScope Steel announced a 5-8% price increase for their products. Our Butler Area Sales Manager explained that all of the other major metal building manufacturers have also announced steel price increases. In some cases, pricing increases have occurred for each of the past three months. In fact, the price for hot-rolled plate steel is shown to be increasing dramatically since November 2010 to $883/Ton for the week of March 16, 2011.