The cost of steel has risen in price in 2022 with prices that had remained stable for a long period, increasing considerably to £700 per tonne from £350 per tonne. The mini-budget in September is to blame for these increased steel prices, with some blame going to the Sterling depreciation in recent months. This has not stopped the demand for steel frame buildings in Kits.

Steel has remained stable throughout Europe since 2019 and fell significantly before the price hike this year. While the prices spiked between March and June, they have dropped again in the past couple of months. This still results in more than a seventy percent increase since January 2019.

Graham Barral, the Director at Atlantic Steel Buildings in the United Kingdom, said “While the prices of steel have increased this year, we have also seen a surge in demand for steel framed buildings in Kits. Structural steel is an important component of construction projects in the United Kingdom and the price rises have been unavoidable. We have adapted plants to counteract the increased material costs and continue to see a rise in demand for steel frame buildings in the fourth quarter of this year.”

The steel price increase has resulted in a structure lead approach when it comes to building design and build. Builders are still embracing steel for its value for money, fast construction, quality and safety and flexibility and adaptability. Steel is long lasting and ideal for large construction projects, which has increased the demand for steel frame buildings in Kits in 2022.

Steel remains a desirable building material from both an ecological and cost point of view. In the United Kingdom the demand for steel for heavy sections is increased, while France and Australia build concrete buildings with a small demand for heavy steel sections. Steel provides the convenience of offsite prefabrication and modern construction methods, making the building process more efficient and convenient.

Atlantic Steel Buildings continues to experience a high demand for steel frame buildings and are delighted with the growth they have experienced this year amidst the price hike in steel over the past twelve months.

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Atlantic Steel Buildings is a leader when it comes to steel buildings in the United Kingdom. This Truro based company provides a complete turnkey service for industrial, commercial and other projects, providing design, planning, supply and installation. Working under one roof, the company is able to ensure the finest quality products with superior quality customer service and support. Atlantic Steel Buildings caters to projects of all sizes, including self build options with tough and secure results. Clients can take advantage of their free set of drawings, complete transparency and structural calculations, which are included in the competitive price. Visit https://www.atlanticsteelbuildings.co.uk to find out more.