Brian Dombach, President of GSM Industrial, discusses first quarter 2022 steel prices from a metal fabricator’s perspective.
Raw material prices hikes have mellowed a bit but steel scrap prices are still pretty strong, which is to be expected.
The next challenge, that we haven’t really seen before, is storage and warehouse space constraints. There is no good answer for this but Brian does recommend frequent communication with your metal fabricator and prepare for price increases.
GSM Industrial will continue to update you as we find out more information.