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2021 has been a wild year for the metal industry as it experienced rapid price increases that resulted in steel prices hitting an all time high. As we mentioned in our last steel price update, this was due to increased demand and a supply shortage throughout the global steel market that left everyone scrambling to find raw material.

If you have been paying attention to the steel industry over the past year, you are well aware that there is a shortage which is dramatically affecting the cost of steel. Many are wondering how long this shortage will go on for and what the future holds in terms of the price of steel.

For updated information on steel prices in 2022, we recommend reading: Will Steel Prices Go Down? 2022 Metal Supply And Steel Price Forecast Whether you’re a regular buyer of steel or are just starting to shop for a metal roof, we bet you experienced some sticker shock when you received your last steel quote. We don’t blame you.