British Steel price hike sign of the ‘next phase’ of cost inflation, consultant warns

By Tom Lowe2021-10-04T05:00:00

Source: Shutterstock

Rising energy costs set to hit domestically made products such as bricks and blocks

British Steel’s decision to hike the cost of structural steel by £30 per tonne is a sign of the “next phase” of cost rises hitting the industry, Arcadis has warned.

The steel maker announced the temporary surcharge last week, blaming the rapid increase in energy and haulage costs over the past two months.

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