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Re: Delayed Construction
Posted By: william rutledge
Date: Thursday, 22 July 2004, at 11:39 a.m.
In Response To: Delayed Construction (Mary1973)
I don't know what's going on with the EVG expansion. But I do know what's happening to all the world's steel. China's been building so much in the past three+ years that it has affected the supply of steel in the rest of the world. They keep buying it, and the world's ability to produce it can't keep up. So the price has increased incredibly. China is also building factories so that they can produce their own steel, but by the time they are completed the demand will have slowed down (China's economy cannot continue to grow at it's current pace for more than a few more years). When they finally get those factories running, they will be producing steel that nobody wants (and the supply of steel in the world will exceed the demand), and the price of steel will drop again.
While this has been going on for a few years, it has only become a big problem for the past year or so. Projects simply cannot be built without going over budget.
As an example, I've heard that steel studs (that go inside non-bearing walls) are being quoted prices that are only good on the day of the quote. If you want to order them on the next day, the price may be higher. The obvious effect is that if you want to put up the walls, they are far more expensive than when you budgeted the construction costs a few months ago. So either the project can't be built, or it will be over budget.
So while I don't know what's going on with the EVG expansion, it would not surprise me at all to learn that it has been affected by the price of steel.
Best regards,
Burr
Messages In This Thread
- Delayed Construction
Mary1973 -- Wednesday, 21 July 2004, at 9:41 p.m.
- Re: Delayed Construction
william rutledge -- Thursday, 22 July 2004, at 11:39 a.m.
- Re: Delayed Construction
Mary1973 -- Thursday, 22 July 2004, at 8:08 p.m.
- Re: Delayed Construction
neda rose -- Friday, 23 July 2004, at 9:44 a.m.
- Re: Delayed Construction
edgemom -- Friday, 23 July 2004, at 3:53 p.m.
- Re: Delayed Construction
jim -- Friday, 23 July 2004, at 4:31 p.m.
- Re: Delayed Construction
Just the facts please -- Saturday, 24 July 2004, at 7:16 a.m.
- Re: Delayed Construction
Just the facts please -- Friday, 23 July 2004, at 4:48 p.m.
- Re: Delayed Construction
Landru -- Monday, 26 July 2004, at 6:45 p.m.
- Re: Delayed Construction
Sally -- Monday, 26 July 2004, at 10:05 p.m.
- Re: Delayed Construction
Just the facts please -- Tuesday, 27 July 2004, at 4:09 a.m.
- Re: Delayed Construction
edgemom -- Tuesday, 27 July 2004, at 7:24 p.m.
- Re: Delayed Construction
Just the facts please -- Tuesday, 27 July 2004, at 10:24 p.m.
- Re: Delayed Construction
edgemom -- Wednesday, 28 July 2004, at 10:35 a.m.
- Re: Delayed Construction
Just the facts please -- Wednesday, 28 July 2004, at 4:26 p.m.
- Re: Delayed Construction
Mary1973 -- Thursday, 29 July 2004, at 9:08 p.m.
- Re: Delayed Construction
edgemom -- Friday, 30 July 2004, at 11:18 a.m.
- Re: Delayed Construction
Mary1973 -- Friday, 30 July 2004, at 7:54 p.m.
- Re: Delayed Construction
jim -- Tuesday, 27 July 2004, at 8:08 a.m.
- Re: Delayed Construction
Former-ite -- Tuesday, 27 July 2004, at 10:43 a.m.
- Re: Delayed Construction
Edgewater Resident -- Tuesday, 27 July 2004, at 12:53 p.m.
- Re: Delayed Construction
Mike -- Tuesday, 27 July 2004, at 3:54 p.m.
- Re: Delayed Construction
jim -- Tuesday, 27 July 2004, at 6:54 p.m.
- Re: Delayed Construction
Edgewater Resident -- Tuesday, 27 July 2004, at 12:51 p.m.
- Re: Delayed Construction
CD -- Tuesday, 27 July 2004, at 4:01 p.m.
- Re: Delayed Construction
jim -- Tuesday, 27 July 2004, at 6:52 p.m.
- Re: Delayed Construction
Landru -- Sunday, 1 August 2004, at 3:57 p.m.
- Re: Delayed Construction
jim -- Monday, 2 August 2004, at 12:10 a.m.
- Re: Delayed Construction
Mike -- Monday, 2 August 2004, at 12:54 p.m.
- Re: Delayed Construction
hounddog -- Tuesday, 27 July 2004, at 2:36 p.m.
- Re: Delayed Construction *NM*
You Aint Notin butt a hound dog! -- Wednesday, 28 July 2004, at 10:28 a.m.
- Re: Delayed Construction
william rutledge -- Monday, 2 August 2004, at 8:03 p.m.
- Re: Delayed Construction
william rutledge -- Friday, 23 July 2004, at 11:56 a.m.
- Re: Delayed Construction
NYer_in_NJ -- Saturday, 24 July 2004, at 3:15 a.m.
- Re: Delayed Construction
Landru -- Monday, 26 July 2004, at 6:39 p.m.
- Re: Delayed Construction
Mary1973 -- Monday, 26 July 2004, at 9:31 p.m.
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