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By 2020, life sciences facilities were on the rise. Enter the pandemic, and the urgent need for vaccine research & development labs and manufacturing facilities created a spike in life sciences construction. However, with less emphasis on vaccine development and a subsequent cooling of that spike, many geographic regions now find themselves grappling with a saturated market.

Like many industries, steel experienced significant turbulence during the pandemic—primarily driven by unprecedented demand. The surge in demand for steel products, including joists, decks, and beams, significantly stressed production and fabrication capacity. The industry’s ability to quickly adapt to market demands was hindered by the sheer volume of requests, making it difficult to meet pre-pandemic project timelines.