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Steel orders grow despite price hikes

MATERIALS

STEELWORK contractors are being inundated with offers of work despite the surging price of structural steel.

The latest state of trade survey from the British Constructional Steelwork Association claimed 96 per cent of its companies are working at peak capacity, up 5 per cent on previous figures.

Steel prices have soared since January but more increases, including a £50 per tonne hit due early next year, have not put clients off, claimed BCSA deputy director general Gillian Mitchell.

But some contractors said there was an element of panic behind the orders, with clients desperate to pre-empt price rises.