Small Business Resources, Business Advice and Forms from AllBusiness.com

Steel prices, delays put crimp in projects.(Development: construction)

By Dela Cruz, Tony
Publication: Hotel & Motel Management
Date: Monday, June 21 2004

Hotel owners and developers might see capital as the key to building a new hotel, but the construction companies that actually pour the concrete and erect the steel girders typically face logistical problems as their biggest challenges.

One of the hottest buttons for builders right now is the volatility of the steel market. Experts point to an unprecedented construction boom in China, which is consuming about 30 percent of the world's steel supply. That's jacking up the price of all steel construction materials and creating real shortages in the domestic market that pla

In addition, make sure to read these premium articles also available with your free trial:

T T T
art_print Printart_email Email 16x16-digg-guy  Digg It delicious-small  del.icio.us

Related Resources

Free AllBusiness Articles

  • Editor's Report
    • Steel Prices Pose Serious Threat Steel price increases have been an especially hot issue for the construction industry this year. Carole Bionda, national chair of the Associated Builders and Contractors (ABC) presents some insight on the issue: The volatility of the steel market began to hit home for the construction ......
  • Checking 'inn': modernization is a must to interest today's lodging guest.
    • The drive for new construction in the hotel industry is cooling, but don't look for it to flatline. Activity is alive and quietly thriving. New hotels continue to go up, but much current construction activity can be found in renovations; particularly in updating tired properties built in the late-1980s and ......
  • 1999 Hotel Development Costs Increased
    • The cost of developing U.S. hotels rose anywhere from 3.7 percent to 6.2 percent last year, depending on category, with the cost of luxury hotel development understandably coming in at the high end. By contrast, the national Consumer Price Index rose 2.2 percent last year. At the same time, these ......
  • Rising steel prices cause contract woes.
    • Skyrocketing steel prices have prompted the construction industry to consider including warnings in customer contracts. Some in the industry are considering including an "escalation clause" in contracts to try to recoup their costs. "The clause would be recognized by both parties that the price of steel is undergoing unusual price ......
  • Building boom creates opportunity for construction industry.
    • Following a long period of absence, construction cranes are once again popping up on the Manhattan skyline. Fueled by the robust national and local economics, low interest rates and recordbreaking highs on Wall Street, all sectors of the real estate market are now thriving. In turn, this is causing a ......
  • Steel price volatility spreads through industry
    • A surge in steel prices that began last year is creating uncertainty throughout the construction industry — starting with owners debating whether to initiate a project and extending to steel suppliers and contractors wondering whether they will be able to recoup higher costs. Neil Platz, director of procurement for Turner ......
  • Cooler, but still warm.
    • New construction activity slowed in the month of June compared to the month before, but the highway and infrastructure category is holding up better than the residential and commercial segments. According to construction contract value figures complied by the McGraw-Hill Construction division of The McGraw-Hill Cos., Lexington, Mass., new construction ......

Video

Blogs

  • THE CHINA SYNDROME
    • Way back in 1990 (was it really last century?), I travelled through China on buses, trains and a black, iron Russian-made bicycle. It was a different scene to the present day China. Under strict, uncompromising communist rule, there were no starving, homeless or unemployed people and crime was relatively unknown ......
  • Outsourcing in China
    • Design News publishes an engineer's diary of an outsourcing trip to China. Great info for any small business thinking about outsourcing manufacture of their product to China. A few good points the author makes: 1. Even at low production levels outsourcing to China can be cost effective. 2. When you ......
  • HAPPY GUESTS, HAPPY HOTELS
    • Hotels are increasingly looking for ways to go green. One program is TravelGreen, where hoteliers support climate friendly travel through the sale of small amounts of clean renewable energy....
  • R&R Engineering Could Teach NFL Hopefuls a Lesson
    • Some of the prospects at this week's NFL Scouting Combine could take a lesson from R&R Engineering on being fast and competitive while carrying a lot of weight.
  • All Bloggers
Related Topics
Tools

Sponsored Links

Site Map | Contact Us | FAQs | About Us | Media Kit | Reprints | RSS Directory | Sign Up for Free Newsletters | Disclosure Policy

Copyright © 1999 - 2008 AllBusiness.com, Inc. All rights reserved.
No part of this content or the data or information included therein may be reproduced,
republished or redistributed without the prior written consent of AllBusiness.com.
Use of this site is governed by our Copyright and Intellectual Property Policy, Terms of Use Agreement and Privacy Policy.

Get In-Depth Company Information from Hoover's | Buy a D&B Credit Report | What is in Your Company's D&B Credit Report? | Article Archives
Online Business Database | Online Business Information | Sales and Marketing Solutions | Business Mailing Lists
Information and opinions on AllBusiness.com solely represent the thoughts and opinions of the authors and are not endorsed by, or reflect the beliefs of,
AllBusiness.com, its parent company D&B, and its affiliates.