Steel fabricator and erector SteelFab Inc. was certainly not immune to the construction industry's dark days of late 2008. At that time, the specialty contractor found itself in much the same panic mode that gripped many others as its project backlog suddenly, and literally, shrank to nothing.
The Charlotte, N.C.-based steel designer, fabricator and erector saw 26 projects mothballed or canceled as the local economy spiraled down in the wake of the nation's banking crisis. Project owners were left with no choice as sources of financing dried up.