Steel pricing is currently at its lowest point in over ten years. Now is the time to buy your angle lintels, teebars, columns and roof beams!
With iron ore prices have decreased over the last year and steel demand in China falling. The decrease in demand for Australian iron ore has resulted in a slowing Australian mining industry. As a result local demand for steel has fallen and large nationwide steel distributors have had to reduce there margins greatly; this has flowed on to local steel suppliers and fabricators.
Current prices are unsustainable for nationwide distributors in the long term so it is unlikely prices will drop any further. Prices at a local level will likely remain the same until the Q3 2016 before slowly beginning to climb.