Contractors hit by soaring steel prices
Ductwork contractors and fabricators have been impacted by sharp rises in steel prices. They have warned that shortages may be looming,
Construction Enquirer reports that galvanised steel prices have suddenly skyrocketed in recent months from an average of around £650 per tonne last year to £900t at the end of 2020. Some stockholders are now quoting up to £1,250 per tonne as certain widths of steel coil become harder to get.
Malcolm Moss, president of ductwork trade body ADCAS, said to Construction Enquirer: “It certainly not plain sailing at present. Passing on prices is one thing but availability could be a real issue in weeks ahead.
“We are concerned that some firms may import European galvanised steel which has a lighter coating weight and is less resistant to corrosion.”