AISC: Where are steel prices headed?

Price volatility and steel availability were the subject of a recent talk at the Associated General Contractors of America (AGC) Annual Meeting by John Cross, vice president of marketing with the American Institute of Steel Construction in Las Vegas...

Mar 16th, 2005

CHICAGO, IL, March 15, 2005 -- Price volatility and steel availability were the subject of a recent talk at the Associated General Contractors of America (AGC) Annual Meeting by John Cross, vice president of marketing with the American Institute of Steel Construction, on March 15 in Las Vegas.

According to Cross: "Steel prices are currently hovering at about $570 per ton and 2005 should see minor variations of less than 10%."

Fortunately, he added, availability of structural shape has not been and will not be an issue. "Domestic consumption in 2004 was 4 million tons against an annual domestic production capacity of 6 million tons -- a 50% growth cushion," he explained. "Rapid delivery to your fabricator of choice can be achieved from either a mill or steel service center."

To view Cross' entire talk, please visit www.aisc.org/playground.

The American Institute of Steel Construction Inc., based in Chicago, is a not-for-profit technical institute and trade association established in 1921 to serve the structural steel design community and construction industry. AISC's mission is to make structural steel the material of choice by being the leader in structural steel-related technical and market-building activities, including: specification and code development, research, education, technical assistance, quality certification, standardization, and market development. AISC has a long tradition of service to the steel construction industry of providing timely and reliable information.

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