Tag: steel

Steel Prices Soar Almost 50% This Year

If you follow the news you most certainly have heard of the sharply rising steel prices.The Herald Tribune reports that indeed these prices have risen almost 50% this year and are expected to continue to do so – due to the rising price of raw materials and the increase in global demand.These prices are passed down through the distribution chain and ultimately lead to higher prices for the consumer. Given that steel is a major element in the production of safes our industry is feeling a direct impact.Manufacturers are raising prices.Already since December of 2007