INSULATED METAL PANELS PRICE DURING COVID-19: WHY INSULATED METAL PANEL PRICES HAVE SURGED?
No panic! It is what we say when we think about insulated metal panels’ price in these weeks. We’ve seen a steep increase since January 2021, but the roots of these hikes go back to 2020.
In 2020, we saw a sudden, profound decrease in demand everywhere in the world. What followed? Closing of production lines, steel mills, and manufacturing sites everywhere in the world. So what happened when the economy picked up again in the last quarter of 2020? Demand increased and burnt all available stock of finished goods.
The increase in demand has been almost as sudden and steep as the downturn was. Quickly, the demand outweighed the offer by far. Stocks finished, and factories struggled to keep production up to orders.
INSULATED METAL PANELS PRICE: STEEL SHEETS, PUR & PIR FOAMS
Now, we will focus on two main issues that are troubling the price of insulated panels: steel sheets and PUR, PIR foams.
While steel sheet production lines have been closed immediately after the Covid-19 outbreak, starting them over again, it’s a complicated and lengthy process. It takes months to set them up. The question is, will they be up again? Yes, the will, but likely not soon.
The same happened to PIR, PUR foam components. Rumors are that European chemical plants are selling those components for a much higher price outside Europe. So, supplies struggle.
How much do we expect the price to increase? It depends on the demand, which we expect to grow further, due to the start of the building season in Europe and the USA. If this happens, we will likely see prices keep increasing in the following months.
What can you do about it? Only consider that waiting can be a good strategy only if you can wait for a few months more, hoping that prices will go down again.
How can we help you? Contact us, and we will propose a solution for your specific case; we don’t let our customers down, ever.
CONTACT US
If you have a question regarding the trends and insulated metal panels price, write to us, and we will be happy to answer it. You can get in touch on +44 7887 884768 or complete the form below. You can also contact us via sales@globepanels.com. Once you reach out to us, we can provide you with a quote and can also discuss our products and services further.
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