SMU Community Chat
March 24, 2022
Community Chat: Fabricators Call for Shared Price Risk
Written by Tim Triplett
Steel prices that spiked in 2021 over disruptions from the coronavirus, then again in the past month due to Russia’s invasion of Ukraine, have been particularly challenging for the construction sector, said executives from Structural & Steel Products, Inc., Fort Worth, Texas. Speaking during Steel Market Update’s Community Chat webinar on Wednesday, the pair appealed for more communication and transparency through the construction supply chain and a greater sharing of the risk posed by steel price volatility.
“Companies like ours that are right in the middle of the value chain are feeling squeezed from both sides,” said Brian Desigio, president and chief operating officer of Structural & Steel Products, a distributor and manufacturer of highway, telecommunications, transmission/utility and light rail infrastructure products.
