UK Steel prices have risen by £260 a tonne since low point last July 2020 at £430-£450 a tonne.

Unless steelwork contractors can absorb the cost, then this increase could impact tenders by +10%.

The markets’ ability to continue to absorb increases may impact on their tendered risk factor, this could have a larger impact on Steelwork tender prices.

Fear will always cost more than any defined increase.

It may be worth clients considering holding fluctuations risk themselves.

https://www.constructionenquirer.com/2020/12/21/structural-steel-prices-to-soar-by-nearly-20/

https://www.fitchratings.com/research/corporate-finance/global-steel-price-rally-will-be-short-lived-02-02-2021

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