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Article 6 - Industry Steels Itself For Rises
Industry Steels Itself For Rises
National Building News
May 2008, Volume 8, Number 4.
The cost of iron ore and metallurgical coal is rising rapidly due to an increase in steel production, combined with the recent disruptions in the supply of steel around the world. Companies like BlueScope Steel and OneSteel have both raised the prices across their product ranges, to cope with the rising costs of raw materials. As global prices for iron ore and coal are sky-rocketing, there is a concern here in Australia that commercial construction costs will surge as costs inevitably will be passed on to the consumer. However, the discontinued use of steel on major projects remains low, this is mostly because steel provides an ease and speed of construction, which helps it to remain competitive in the building industry. It is important to note that rising costs in steel is not directly attributed to the cost of organising structural steel on construction sites.
National Building News
May 2008, Volume 8, Number 4.
The cost of iron ore and metallurgical coal is rising rapidly due to an increase in steel production, combined with the recent disruptions in the supply of steel around the world. Companies like BlueScope Steel and OneSteel have both raised the prices across their product ranges, to cope with the rising costs of raw materials. As global prices for iron ore and coal are sky-rocketing, there is a concern here in Australia that commercial construction costs will surge as costs inevitably will be passed on to the consumer. However, the discontinued use of steel on major projects remains low, this is mostly because steel provides an ease and speed of construction, which helps it to remain competitive in the building industry. It is important to note that rising costs in steel is not directly attributed to the cost of organising structural steel on construction sites.
Saturday, May 24, 2008
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