..Dramatic Price Increases in Steel result in higher costs for Lighting Poles…
The rise in Steel Prices worldwide may be good news for the Steel Industry but it is has been bad news for the European Construction Industry with significant Price rises passed down to customers.
As a result, VeeLite has been forced to increase Prices on Lighting Columns in 2021. We are attempting to keep this to a minimum. The Links below provide background information as to the size of these cost increases:
IHS Markit (2021) – “The spike in steel prices is extraordinary. Many products are up 50–100% since late summer 2020”
Mane.co.uk (2021) – Shows Price Rises of 67% from Arcelor (1 of the 2 main Steel Producers in the UK) in the last 6 months.
Construction Enquirer (2021) – 40% Price increase – “prices have jumped again after British Steel announced its fifth price increase since July”.
Financial Express (2021) – “Steel Prices reach all-time high”