The Steel Pricing Crisis

With the price of steel rising steadily and showing no signs of dropping soon, many contractors are left facing situations where profits on projects are suffering. SMACNA designed this webinar to provide the critical information our members need to come up with practical solutions when facing profit loss due to the current price of steel.

This webinar featured a two-part program:

Part One

Kevin Ginley, Vice President of Commercial Sales with Majestic Steel USA offered his expert opinions and views on the following important topics:

• Where we are currently regarding the historical price of steel
• How exactly did we get to this point
• What the future looks like for steel prices

Part Two

Presented by Attorneys Stephen Yoch and Conor Heneghan of Felhaber Larson, this portion of the webinar  focused on the legal implications of rapidly rising material costs. Webinar attendees learned about different contract types that include language regarding price escalation.

Additionally, these presenters covered what is common law, and what contractors can do and defer to if there isn’t specific price escalation language in a contract.

Members can download this video here: Vimeo Download File