commercial construction Archives - Macuch Steel Products

We’re feeling very optimistic thanks to a new forecast from the Thompson Research Group that predicts 2015 to be the best year for the steel industry since the Great Recession. The main driver behind the improved outlook is the in growth commercial construction. According to the research, developers were not investing in retail projects during the economic downturn, however they are now pursuing more commercial building projects which are creating a greater demand for steel.

These new construction projects are expected to drive growth between 5 and 10 percent in 2015. This growth can also help improve our economy. Domestic steel producers will benefit from an increased demand as well as companies which manufacture, distribute, and install steel.

As a Family of Steel, Macuch Steel can help contractors and construction companies with all their structural steel needs. Our steel service division houses a range of steel products to meet our customers’ needs, including beams, channels, plates, round bar, pipe, and more. We also have our rebar division which fabricates concrete reinforcing steel, smooth dowels, specialty projects, supply welded wire fabric, and bar supports. Additionally, we have our structural steel fabrication, steel erection, and steel stair divisions to provide full service to our clients. To learn more about all our divisions, visit our website. We are also actively posting more company updates and steel industry news on Twitter and LinkedIn.

As we start 2014, we’re excited to see what the New Year will bring! According to several reports, one thing 2014 holds is growth for the commercial construction industry. Jones Lang LaSalle reported that the outlook for the U.S. commercial construction industry at the end of 2013 was positive and has identified four key trends which are helping it grow: more financing, rising construction costs, green building features, and funding for infrastructure updates from public-private partnerships (PPPs).

And according to McGraw-Hill, moving into 2014, the construction market should see an increase of 17%, up slightly higher than the 15% gain seen in 2013. The increase is attributed to the building of more warehouses, hotels, stores, and office buildings as well as more bank lending for commercial projects.

At Macuch Steel, we certainly predict these reports to be true as we continue to stay busy. Our current local commercial projects include the new Cabela’s store in Augusta, GA as well as a wellness center expansion for the Brandon Wilde Senior Living Community in Evans, GA. To view more photos of our current projects, visit our Macuch Steel Facebook page. You can also find out more about our services by visiting our website.