Urgent Notice - Status of Steel Material Prices

OGCA has received the following information from the Ontario Structural Steel Fabrication Association: 

We wish to notify our OSSFA Members and the construction industry on the present material pricing conditions for structural steel. While we have seen a historic rise in prices last year (2020) right up to December, we have now entered a new phase in Q1. Prices continue to climb higher, as we receive price increases from mills almost on a weekly basis and booked material orders are taking longer to produce and to receive. Market analysts have stated that globally, commodity prices in general will continue to rise in 2021.

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