Steel Markets
July 12, 2018
Construction Costs Hit Recent High Due to Tariffs
Written by Sandy Williams
Constructions costs are escalating due to tariffs on a wide range of building and road construction materials, said the Associated General Contractors of America in a new analysis of Labor Department data.
The producer price index rose sharply on construction inputs in June. Aluminum mill shapes jumped 20 percent year-over-year, copper and brass mill shapes 17.4 percent, and steel mill products 12.3 percent. Diesel fuel was up 52.8 percent. June’s increases follow sharp price spikes on other construction inputs in May.
