The big story this week is steel. With hot rolled steel prices now exceeding 2008 highs, metal building component manufacturers have announced significant price increases citing an extremely unbalanced supply chain. Manufacturers are indicating that the 4 to 6% price hike slated for the first week of February will likely be the first of several increases and orders are likely to be scrutinized against historic purchases for the foreseeable future.
This week we also have updates from KraftMaid and Merillat Cabinetry both announcing a 2% price increase which will become effective for orders placed on or after February 15th.
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