Friday, February 27, 2004
Yahoo! News - Steel Price, Availability Problems Put Public Construction at Risk, Contractors Warn Federal Agencies: "'Unprecedented run-ups in steel prices over the past few weeks' threaten the ability of general contractors and their subcontractors, usually small businesses, to complete projects on which 'firm' steel prices have been replaced by 'scrap surcharges' and other unexpected costs, said AGC Chief Executive Officer Stephen E. Sandherr. 'Even more alarming, we are beginning to hear reports that suppliers will no longer guarantee delivery at any price because of fast-dwindling supplies of certain steel products.'"
