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21 Apr 20221 minute read

CLC warns of product prices rise between 10-20%

ECAtoday
CLC warns of product prices rise between 10-20%

The Construction leadership Council, of which ECA is a key member, has published a new statement on the availability of construction products.

The statement, by John Newcomb, CEO of the Builders Merchants Federation and Peter Caplehorn, CEO of the Construction Products Association, co-chairs of the Construction Leadership Council’s Product Availability working group, reads:

“The impact of the war in Ukraine is only beginning to be felt by UK construction. There are reports of nickel prices doubling since the conflict began (Russia was a major supplier before sanctions hit), which affects the price of stainless steel. The prices of copper, steel, and aluminium have increased. 

“Taken together with a shortage of supply from major neon producers in Odessa and Mariupol and existing Covid-related bottlenecks for microchips and semiconductors from Asia, the electrotechnical sector is now experiencing inflation on products above 20% as well as price rises between 10-20%.”

Read the full statement here. 

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