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06 May 20211 minute read

Steel price increase continues

ECAtoday
Steel price increase continues

The cost of steel has risen again, with a £50 per tonne increase announced by British Steel with immediate effect.

The increase is the seventh since summer 2020 and takes the price of standard steel sections to around £800 a tonne.

One small steelwork contractor said to Construction Enquirer: “With no indication to the market of impending rises we can no longer afford to pass these rises on in a structured and controlled manner.”

Price increases also continue to affect all of construction’s min structural materials such as timber and concrete products.

ECAtoday

ECAtoday