Industry Insights August

Sparks from Steel

Construction Industry Insights August 2022 Activity remains weak in the construction sector with the value of planning approvals falling. Despite the rising inflation, fragile consumer confidence and higher interest rates, July was another good month for contract awards. The value of contract awards has increased by 13% for the second month running, providing some respite […]

Industry Insights July

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Construction Industry Insights July 2022   Contractions across almost all sectors and regions mean the construction industry is in a “period of decline”, the latest performance figures show.   Even pockets of reasonable activity – across the North West and Northern Ireland, and within the Infrastructure sector – do little to detract from overall weak […]

Industry Insights June 2022

Circular Hollow Section being cut with sparks

The construction industry is settling into a “subdued” period following 2021’s ‘post-Covid’ boom, experts suggest June’s industry insights and the latest analysis from commentators at Barbour ABI and Glenigan show ongoing fluctuation in activity. The outlook for the construction industry remains the same as it has for much of 2022, showing altogether more settled activity […]

Industry Insights – Q1 2022

Elland Steel logo on top of building site

Encouraging figures point to a stable year ahead for the construction industry The construction industry has enjoyed a steady start to 2022, with encouraging output figures being reported by sector commentators.   Both national and industry data – from the ONS, Barbour ABI and Glenigan – point to the year ahead offering more predictability and […]

Construction industry insights – April 2022

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Peaks and troughs continue for the construction industry The construction industry continues to set records even in spite of “persistent pressures”.   Latest analysis from industry commentators shows both peaks and troughs in activity as planning applications and approvals, contract awards, and project starts are all reviewed.   Sectors like Residential show promising signs for […]

Construction industry hit with huge steel price rise

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A record high price rise has been imposed for structural steel. British Steel has increased steel section prices by £250 per tonne, seeing large steel sections top more than £1,400 per tonne. And the steel producer has already warned of the likelihood of further price rises in coming weeks, citing the war in Ukraine as […]

Prepare yourself for more steel price rises!

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In the last 2 years the steel industry has seen unprecedented challenges, we really are in unchartered territory, perhaps territory only chartered in WWII. Since 2020 steel prices have increased by more than 200% and the indications are very clear – there are more to come. In the previous article forecasting for fluctuating steel price […]

Industry insights: 2021 reflections and 2022 predictions

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The figures and forecasts the construction industry’s year ahead: After a lean – and often long – two years for the construction industry, commentators have shared their year-end reviews and how they anticipate this will shape 2022. All told, 2021 was a positive year for the industry, as project starts, contract awards and planning approvals […]