Market forces have aligned to create rising construction material prices, and electrical contractors in the industry are faced with a dilemma: Do they pass those prices onto builders, and, ultimately, the customer? Or do they take the hit themselves? A handful of trends combine to create these price increases. There are the tariffs on steel and aluminum, of course. New… Continue Reading
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Customs Bonded Warehouses: Solutions for Post-Tariffs Rush on Steel and Aluminum
The effects of the 2018 tariffs enacted by the Trump White House have already begun to reshape global commerce. As of this writing, the U.S. steel industry is celebrating a 41-percent benchmark price hike since the start of the year. Producers, meanwhile, are cutting manufacturing costs and raising prices to offset the new expense on raw materials. Consumer prices have… Continue Reading