If you need steel structure building prices, you may consult a steel structure fabricator for a quote when you have this idea. It is also possible that you have already completed the design proposal, obtained the building permit, and asked for a quotation when the construction is about to start soon. The price often received will be marked with a validity period. Why is Steel Structure Building Prices Time-Sensitive?

The reason Steel Structure Building Prices are Time-Sensitive

1. The main factor affecting the steel structure building price is the fluctuation of steel prices.

There is generally no significant fluctuation in steel prices over a relatively short period for steel structure building prices. However, the order cycle for a steel structure building project tends to be long, often taking several months or even up to a year or two from the initial customer inquiry to the order placement. During this period, many uncertain factors can affect the project’s final cost, including fluctuations in steel prices and labor costs.

Suppose a customer is fortunate enough to encounter a period of decreasing steel prices during this lengthy process. In that case, the project’s final cost may be lower than the initial quotation. However, it’s important to remember that steel prices are unstable and tend to trend upward over time. Thus, if the project has a long duration, it’s likely that the initial quotation will need to be adjusted upward to account for these increasing costs.

In some cases, the price of steel products can fluctuate significantly within a month, sometimes by as much as 1,000 yuan per ton. As a result, the validity period of a quotation given by a steel structure company is usually around ten days. Overall, while steel prices may not experience significant fluctuations in the short term, it’s crucial to factor in the possibility of rising costs over the long time when considering the price of a steel structure building project.

2. The exchange rate between RMB and US dollar is unstable.

For steel structure building prices, the exchange rate is a critical factor that cannot be ignored.
Generally speaking, the exchange rate will not change much quicker. However, in recent years, especially during the global epidemic, there have been too many unstable factors, such as the Fed’s interest rate hike. As a result, the exchange rate between the RMB and the US dollar has fluctuated dramatically. In addition, the cycle of foreign steel structure projects is relatively long, especially when the amount is rather large and the impact of exchange rates is still huge. Therefore, steel structure companies will be more cautious when quoting, and the validity period of the quotation will not be too long.

3. Changes in architectural design:

The design of steel structure buildings must be customized according to specific building needs and usage requirements. Therefore, if the architectural design scheme changes, such as adding certain functions, modifying the building area, etc., the steel structure building prices will also occur Variety.

4. Other factors affect the steel structure building prices

With the development of the economy, labor wages have increased to varying degrees every year, increasing factory costs. The information provided by the customer is not detailed enough, or the changes are too significant, and the price increase of other materials may cause price changes. Enclosures, doors and windows, and other supporting facilities, the price ranges of models, quality, and styles vary greatly. Generally, it will be matched according to the needs of customers.

With the end of the global epidemic and the economic recovery of various countries, the demand for steel and other raw materials will rebound rapidly, and prices will continue to rise. Therefore, if you are considering building a steel structure project, try to expedite the process as much as possible to prevent unnecessary expenditures caused by significant price increases. If there is a demand for a quotation, please consult with Havit Steel Structure. With more than ten years of experience exporting steel structure buildings, we will provide you with the best suggestions and solutions.