I am at the point of figuring out my order of Nordfab ductwork. I just learned that Nordfab is applying 20% across the board surcharge to all orders due to the price of steel. I looked up steel futures in a couple of places. Here is a graph of rebar futures on the Shanghai exchange. https://tradingeconomics.com/commodity/steel
Other sources show less volitility.
Twenty per cent is a lot when applied to an order for a whole shop ductwork system. I am wondering if the surcharge may come down a bit if I wait to order. General Steel’s forecast the steel price increase for 2021 is 3.1% and for 2022 it is 4%.
Does anyone here follow Nordfab pricing? Is it likely to go up or down?