At WPSS, we seek to deliver streamlined, affordable storage solutions to our customers. Yet, sometimes unforeseeable market fluctuations can lead to price mark-ups and project delays, such as we are currently encountering with the volatile 2021 steel market.
When the pandemic hit in March of 2020, almost 30% of steel production was halted. After lockdown measures began to be lifted, the speedy industrial recovery and rising demand for steel commodities greatly outpaced the slow-to-restart global steel making capacity. This in turn lead to vast inventory shortages and skyrocketed steel prices, with many steel products seeing 45-100% increases in costs globally.
Western Pacific initially attempted to shoulder this financial burden for our customers, yet we could not endure the persistent price inflation. It thus is possible that our customers might experience some temporary inconveniences, such as surcharges on quotations for specific equipment and longer order lead-times.
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Contact Details :
Western Pacific Storage Solutions
300 E. Arrow Highway, San Dimas, California,91773, USA
Business Email: customerservice@wpss.com
Business Phone Number: 800-732-9777