Structural steel prices seen stable in 2d half

Jul 23, 2014 | 03:19 PM | Nat Rudarakanchana

Tags  construction steel, IHS, alloy pipe, steel prices, fabricated steel, Paul Robinson, Nat Rudarakanchana

NEW YORK — North American construction costs rose for the 30th straight month in July amid higher fabricated structural steel prices, although pricing is expected to stabilize for the balance of the year, according to an IHS Inc. research report.

"In our view, price increases for fabricated structural steel will either be light or nonexistent for the rest of 2014 in the United States," the Englewood, Colo.-based company said July 23, noting that cost pressure in other material and equipment categories remain fairly modest.....

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