Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

CN Chart of the Week: steel slumps but other prices rise

Materials prices have shown their first indication of recovery so far this year despite record-low steel prices according to data from the Department for Business, Innovation and Skills.

Slumping steel prices have contributed to overall low levels of materials prices at the start of the year, with fabricated structural steel prices for March reaching its lowest index level on record at 81.9.

But both bricks and concrete showed signs of increasing, with ready-mixed concrete still well ahead of prices reported last year.

In February, overall materials prices hit their lowest level since March 2011, but the latest data suggests that prices are beginning to show signs of increasing again.

Data for March points to BIS’ price index reaching 107.0 – the highest level since November last year.

However, this is still well below the highs of 111.5 reported in March 2014, and is also well shy of last year’s average level of 108.9.

 

 

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.