Another Price Rise!
Echoes of the pandemic, government infrastructure projects and international events continue to increase the price of steel. Since 2021, we’ve seen several price rises and BlueScope has informed us of another price rise coming soon!
Why do the prices keep rising?
Several factors have decreased the supply & increased the cost of producing steel:
- Domestic steel manufacturing & delivery delays due to the pandemic
- Domestic tariffs on imported steel
- Increased price of coking coal resulting from a transition to renewable energy
- Increased cost of transport and manufacturing due to fuel and wage rises
The demand for Australian steel has also increased for several reasons:
- Increase in international infrastructure projects as a post-pandemic stimulus
- Domestic boom from the HomeBuilder grant
- International trade Sanctions on non-Australian steel manufacturing countries
- Shortages in competing materials such as timber
- Backlogs due to project delays caused by the pandemic
- The strong U.S. dollar impacting the export of U.S steel
Why Buy A Shed Now?
With increased economic volatility this year, we’ve seen inflation, increasing petrol, fertiliser and urea prices on top of interest rate hikes. On the plus side, this has come with high grain and meat prices from food shortages benefiting Australian farmers. Whilst input costs continue to rise, output costs are also rising, now has never been a better time to buy a shed.
This next price rise will be up to a whopping 8.5%. To see how much this could cost you, request a quote and our product managers will be happy to demonstrate the savings that can be made by buying today.
How Much Have Sheds Increased In Price?
Let’s look at some examples of our prices over the past two years due to the increased price of Australian steel.
Australian Treasure Plus: Drive Thru
- 2021 Q1: $21,220
- 2021 Q3: $23,340
- 2022 Q1: $27,550
- 2022 (August): $29,500 approx.
Tough Triple: 3 Open Bays
- 2021 Q1: $14,430
- 2021 Q3: $15,870
- 2022 Q1: $18,720
- 2022 (August): $20,000 approx.
Solid Industrial: Fully Enclosed Shed
- 2021 Q1: $37,420
- 2021 Q3: $41,160
- 2022 Q1: $45,390
- 2022 (August): $49,000 approx.
Mammoth Openings: Big Open-Ended Shed
- 2021 Q1: $66,700
- 2021 Q3: $73,370
- 2022 Q1: $88,890
- 2022 (August): $96,000 approx.
Click here and fill out the form to see our prices to beat the price rise!
Give us a call today and get a quote for your new Now Buildings shed. Secure your purchase before the 25th of July to beat the price rise!