Trade wars costly to long-term construction projects
Owing to the global trade war in steel prices, local manufacturers, such as local steel fabricator Fabcon, are finding it difficult to quote for long-term construction projects. “The stockholding of any steel company is dramatically reduced, as companies are unwilling to hold stock for a longer period of time,” says Fabcon Steel director Andrew van Gool. As a result, fluctuating prices are putting pressure on design elements, which means that engineers have to design around what steel they can get, as opposed to what they want, he remarks. This has created an opportunity for Fabcon, which has “the added flexibility to service small and large-scale projects, unlike many large steel companies that have inherent limited flexibility”, says Van Gool. Fabcon aims to provide turnkey solutions based on engineering services in terms of drawing design and certification, followed by the actual erection of the structures required. This, he explains to Engineering News, gives the company a “lea