The steel price outlook highlights a significant price increase that will have considerable impact on those wishing to buy steel products including garages, sheds, barns, and steel kit homes.
With the economies of Australia's trade partners growing strongly, there is an increasing demand for and limited supply of locally produced BlueScope Steel.
As such, BlueScope Steel has restricted supply of steel products to distributors and are enforcing allocations based on historical demand. This will result in a limited supply and therefore longer lead times for the local marketplace.
Managing Director of Wide Span Sheds, Phill Gale, stated, "While Wide Span Sheds will supply steel at current prices for as long as available, this potential saving will be passed onto customers on a first in, first served basis."
Price increases of up to 17 percent on the major components used in the shed industry have been announced. Overall, this will result in a total price increase of at least 11 percent. This increase will become effective once historical demands have been met and could come into effect as soon as June 2008.
"Those serious about purchasing a steel building in the short-term should be doing so at the earliest possible opportunity to avoid disappointment" he said.
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