{
  "query": "UK construction material price index 2024 trend steel sector",
  "raw_results": [
    {
      "url": "https://www.gov.uk/government/statistics/building-materials-and-components-statistics-march-2024/construction-building-materials-commentary-march-2024",
      "title": "Construction building materials: commentary, March 2024",
      "content": "Download table 1 data\n\nThe material price index for ‘All work’:\n\n   decreased by 1.9% in February 2024 compared to February 2023\n   decreased by 1.6% in January 2024 compared to January 2023\n   increased by 0.1% in February 2024 compared to January 2024\n   decreased by 0.2% in January 2024 compared to December 2023\n\n#### Table 2: Construction materials experiencing the greatest price increases and decreases in the 12 months to February 2024, UK\n\n| Construction materials | (% change) |\n --- |\n| Pipes and fittings (flexible) | 20.3 |\n| Metal doors and windows | 17.0 |\n| Ready-mixed concrete | 11.1 |\n| Gravel, sand, clays and Kaolin - incl aggregate levy | -11.5 |\n| Fabricated structural steel | -15.8 |\n| Concrete reinforcing bars (steel) | -18.2 |\n\nDownload table 2 data [...] the material price index for ‘All Work’ decreased by 1.9% in February 2024 compared to February 2023\n   deliveries of bricks decreased by 9.3% in February 2024 compared to February 2023\n   deliveries of blocks decreased by 7.5% in February 2024 compared to February 2023\n\nImage 2\n\nDownload figure 1 data\n\n## 2. Introduction\n\nThis commentary accompanies the latest monthly statistics of building materials and components data tables published on 10 April 2024. It provides an overview of recent trends in the data presented in the tables. The data tables present the latest detailed information on selected building materials and components. They cover the following materials: [...] These statistics support analysis of the construction materials market and business planning. They are regularly reported in the construction press and are used for a variety of purposes, including policy development, evaluation and monitoring market trends. For further details see the section headed 8.5 Uses of these statistics.\n\n## 3. Summary of results\n\n### 3.1 Material price indices\n\nImage 3\n\nDownload figure 2 data\n\n#### Table 1: Construction material price indices, year-on-year and month-on-month percentage change\n\n| Material price indices | February 2023 to February 2024 | January 2024 to February 2024 |\n --- \n| New housing | -0.6 | 0.2 |\n| Other new work | -3.0 | -0.1 |\n| Repair and maintenance | -1.4 | 0.0 |\n| All work | -1.9 | 0.1 |\n\nDownload table 1 data",
      "score": 0.90018827,
      "raw_content": null
    },
    {
      "url": "https://www.ibisworld.com/united-kingdom/bed/construction-materials-price-index/44255/",
      "title": "Construction materials price index - Business Environment Profile Report | IBISWorld",
      "content": "## Recent Trends – Construction materials price index\n\nOver the five-year period through 2024-25, the UK CMPI is forecast to increase at a compound annual rate of 6.2% - the equivalent of a +39.6-point absolute change - to reach 151.9 points. While being a marked increase in absolute terms, this is partly due to the CMPI starting from a relatively low base in 2017-18 (94.5 points); nevertheless, a subsequent sustained rise in the value of underlying construction activity consistently pushed up supply chain prices, while recent pandemic-induced supply chain disruption and resultant exponential price inflation has more recently exaggerated growth in the CMPI. [...] Over the five-year period through 2024-25, the UK CMPI is forecast to increase at a compound annual rate of 6.2% - the equivalent of a +39.6-point absolute change - to reach 151.9 points. While being a marked increase in absolute terms, this is partly due to the CMPI starting from a relatively low base in 2017-18 (94.5 points); nevertheless, a subsequent sustained rise in the value of underlying construction activity consistently pushed up supply chain prices, while recent pandemic-induced supply chain disruption and resultant exponential price inflation has more recently exaggerated growth in the CMPI.",
      "score": 0.8974172,
      "raw_content": null
    },
    {
      "url": "https://gsssg.co.uk/annual-trends-in-construction-material-prices-a-slight-decline/",
      "title": "Annual Trends in Construction Material Prices: A Slight Decline  - GSS Service Group",
      "content": "In addition to ironmongery, significant monthly price changes were recorded in materials such as gravel, sand, clays, kaolin, builders’ woodwork, and steel concrete rebar, which saw declines of 1.9%, 1.8%, and 1.1%, respectively.\n\nThe report also highlighted trends in concrete block deliveries, which increased by 27. 4% year- on- year as of December 2024, although there was a monthly decrease of 2.4%. Similarly, brick deliveries rose by 9.1% over the same year but observed a slight decrease of 0.2% when compared to November 2024.\n\nAs the construction industry continues to navigate these changes, understanding the dynamics of material prices will be crucial for decision-making and budgeting in future projects. [...] Up until October 2024, the overall index for all work recorded 17 consecutive months of decreasing annual movement, with no change reported in the 12 months leading to November 2024. Despite a general cooling in material cost inflation compared to recent years, price fluctuations continue to vary significantly across different materials and trades.\n\nThe most substantial annual price increase was noted in other builders’ ironmongery, which surged by 9.5%, accompanied by a remarkable monthly jump of 8.4%. Other notable increases were observed in precast concrete and aqueous paint. Conversely, fabricated structural steel was among the materials that experienced the greatest price decreases compared to December 2023. [...] Close Search\n\nGSS Service Group\n\nMenu\n\nGSS Service Group\n\nAnnual Trends in Construction Material Prices: A Slight Decline \n\nGSS news\n\n# Annual Trends in Construction Material Prices: A Slight Decline\n\nBy Shannon DouglasNo Comments\n\nThe latest report from the Department for Business and Trade and BCIS indicates that construction material prices for all work have declined slightly by 0.1% over the 12 months leading to December 2024. Following a previous trend of rising costs, this signifies a significant shift in the market.\n\nWhen examining specific sectors, new housing experienced a 1.3% increase in prices, while repair and maintenance costs rose by 1.0%. In contrast, other new work categories saw a more notable decline, with prices decreasing by 1.4% during the same period.",
      "score": 0.8961153,
      "raw_content": null
    },
    {
      "url": "https://www.gov.uk/government/statistics/building-materials-and-components-statistics-november-2024/construction-building-materials-commentary-november-2024",
      "title": "Construction building materials: commentary November 2024 - GOV.UK",
      "content": "| Construction materials | (% change) |\n --- |\n| Pipes and fittings (flexible) | 17.2 |\n| Precast concrete: blocks, bricks, tiles and flagstones | 6.7 |\n| Paint (non-aqueous) | 5.7 |\n| Electric water heaters | -4.7 |\n| Pipes and fittings (rigid) | -5.5 |\n| Fabricated structural steel | -7.3 |\n\nDownload data for table 2: Construction materials experiencing the\ngreatest price increases and decreases in the 12 months to October 2024,\nUK\n\nThe aggregated construction material price indices hide larger price\nmovements for some specific products and materials, table 2 shows the 3\nlargest increases and the 3 largest decreases.\n\n### 3.2 Cement and clinker\n\n#### Figure 3: Production of cement and clinker, GB\n\nWeight of cement and clinker [...] | Material price indices | October 2023 to October 2024 | September 2024 to October 2024 |\n --- \n| New housing | 0.5 | -0.4 |\n| Other new work | -1.7 | -0.1 |\n| Repair and maintenance | -0.1 | -0.5 |\n| All work | -0.8 | -0.4 |\n\nDownload data for table 1: Construction material price indices,\nyear-on-year and month-on-month percentage\nchange\n\nThe material price index for ‘All work’:\n\n#### Table 2: Construction materials experiencing the greatest price increases and decreases in the 12 months to October 2024, UK",
      "score": 0.8793233,
      "raw_content": null
    },
    {
      "url": "https://adslaser.co.uk/uk-steel-prices-update-q2-2024/",
      "title": "UK Steel Prices Update — Q2 2024 - ADS Laser",
      "content": "Overall, based on Q1 2024’s trends, we predict that steel prices in the UK will fall slightly or remain still in Q2 2024. However, it’s important to remember that just like any other commodities in the market, steel prices are difficult to predict and this could change very quickly.\n\n## Optimise Your Steel Sourcing Strategy with ADS Laser Cutting\n\nAt ADS Laser Cutting, we understand the importance of securing the best price for your steel supply. As you deal with the complexities of the steel market, you can trust us to provide you with the insights, expertise, and solutions you need to optimise your supply chain strategy.\n\nContact us today to learn how we can help you with your next manufacturing project. [...] Industries relying on steel are expected to slow down further, largely due to ongoing declines in construction, including workforce shortages in the industry. This prolonged downturn is likely to dampen demand for sheet metal and other steel products, contributing to the overall sluggishness of the steel market. However, a gradual recovery could be anticipated afterwards, though we expect it will be moderate.\n\nDespite the trends we observed in Q1, it’s worth bearing in mind that factors such as geopolitical shifts, unexpected jumps in demand from certain sectors, or significant supply disruptions could be unpredictable to the steel market, leading to a potential for prices to rise. [...] Geopolitical issues continue to impact the supply chain and cause disruptions and delays, which could increase prices for steel. Escalating tensions in the Middle East, notably between Iran and Israel, has historically been a key factor driving volatility in commodities, including on steel markets.\n\nOther issues such as the partial closure of Port Talbot and the interest rates rise could have contributed to increasing costs. These challenges have the potential to change the downward trend of steel prices back up.",
      "score": 0.8524574,
      "raw_content": null
    }
  ],
  "formatted": "Source: Construction building materials: commentary, March 2024\nURL: https://www.gov.uk/government/statistics/building-materials-and-components-statistics-march-2024/construction-building-materials-commentary-march-2024\nDownload table 1 data The material price index for ‘All work’: decreased by 1.9% in February 2024 compared to February 2023 decreased by 1.6% in January 2024 compared to January 2023 increased by 0.1% in February 2024 compared to January 2024 decreased by 0.2% in January 2024 compared to December 2023 #### Table 2: Construction materials experiencing the greatest price increases and decreases in the 12 months to February 2024, UK | Construction materials | (% change) | --- | | Pipes and fittings (flexible) | 20.3 | | Metal doors and windows | 17.0 | | Ready-mixed concrete | 11.1 | | Gravel, sand, clays and Kaolin - incl aggregate levy | -11.5 | | Fabricated structural steel | -15.8 | | Concrete reinforcing bars (steel) | -18.2 | Download table 2 data [...] the material price index for ‘All Work’ decreased by 1.9% in February 2024 compared to February 2023 deliveries of bricks decreased by 9.3% in February 2024 compared to February 2023 deliveries of blocks decreased by 7.5% in February 2024 compared to February 2023 Image 2 Download figure 1 data ## 2. Introduction This commentary accompanies the latest monthly statistics of building materials and components data tables published on 10 April 2024. It provides an overview of recent trends in the data presented in the tables. The data tables present the latest detailed information on selected building materials and components. They cover the following materials: [...] These statistics support analysis of the construction materials market and business planning. They are regularly reported in the construction press and are used for a variety of purposes, including policy development, evaluation and monitoring market trends. For further details see the section headed 8.5 Uses of these statistics. ## 3. Summary of results ###\n\n---\n\nSource: Construction materials price index - Business Environment Profile Report | IBISWorld\nURL: https://www.ibisworld.com/united-kingdom/bed/construction-materials-price-index/44255/\n## Recent Trends – Construction materials price index Over the five-year period through 2024-25, the UK CMPI is forecast to increase at a compound annual rate of 6.2% - the equivalent of a +39.6-point absolute change - to reach 151.9 points. While being a marked increase in absolute terms, this is partly due to the CMPI starting from a relatively low base in 2017-18 (94.5 points); nevertheless, a subsequent sustained rise in the value of underlying construction activity consistently pushed up supply chain prices, while recent pandemic-induced supply chain disruption and resultant exponential price inflation has more recently exaggerated growth in the CMPI. [...] Over the five-year period through 2024-25, the UK CMPI is forecast to increase at a compound annual rate of 6.2% - the equivalent of a +39.6-point absolute change - to reach 151.9 points. While being a marked increase in absolute terms, this is partly due to the CMPI starting from a relatively low base in 2017-18 (94.5 points); nevertheless, a subsequent sustained rise in the value of underlying construction activity consistently pushed up supply chain prices, while recent pandemic-induced supply chain disruption and resultant exponential price inflation has more recently exaggerated growth in the CMPI.\n\n---\n\nSource: Annual Trends in Construction Material Prices: A Slight Decline  - GSS Service Group\nURL: https://gsssg.co.uk/annual-trends-in-construction-material-prices-a-slight-decline/\nIn addition to ironmongery, significant monthly price changes were recorded in materials such as gravel, sand, clays, kaolin, builders’ woodwork, and steel concrete rebar, which saw declines of 1.9%, 1.8%, and 1.1%, respectively. The report also highlighted trends in concrete block deliveries, which increased by 27. 4% year- on- year as of December 2024, although there was a monthly decrease of 2.4%. Similarly, brick deliveries rose by 9.1% over the same year but observed a slight decrease of 0.2% when compared to November 2024. As the construction industry continues to navigate these changes, understanding the dynamics of material prices will be crucial for decision-making and budgeting in future projects. [...] Up until October 2024, the overall index for all work recorded 17 consecutive months of decreasing annual movement, with no change reported in the 12 months leading to November 2024. Despite a general cooling in material cost inflation compared to recent years, price fluctuations continue to vary significantly across different materials and trades. The most substantial annual price increase was noted in other builders’ ironmongery, which surged by 9.5%, accompanied by a remarkable monthly jump of 8.4%. Other notable increases were observed in precast concrete and aqueous paint. Conversely, fabricated structural steel was among the materials that experienced the greatest price decreases compared to December 2023. [...] Close Search GSS Service Group Menu GSS Service Group Annual Trends in Construction Material Prices: A Slight Decline GSS news # Annual Trends in Construction Material Prices: A Slight Decline By Shannon DouglasNo Comments The latest report from the Department for Business and Trade and BCIS indicates that construction material prices for all work\n\n---\n\nSource: Construction building materials: commentary November 2024 - GOV.UK\nURL: https://www.gov.uk/government/statistics/building-materials-and-components-statistics-november-2024/construction-building-materials-commentary-november-2024\n| Construction materials | (% change) | --- | | Pipes and fittings (flexible) | 17.2 | | Precast concrete: blocks, bricks, tiles and flagstones | 6.7 | | Paint (non-aqueous) | 5.7 | | Electric water heaters | -4.7 | | Pipes and fittings (rigid) | -5.5 | | Fabricated structural steel | -7.3 | Download data for table 2: Construction materials experiencing the greatest price increases and decreases in the 12 months to October 2024, UK The aggregated construction material price indices hide larger price movements for some specific products and materials, table 2 shows the 3 largest increases and the 3 largest decreases. ### 3.2 Cement and clinker #### Figure 3: Production of cement and clinker, GB Weight of cement and clinker [...] | Material price indices | October 2023 to October 2024 | September 2024 to October 2024 | --- | New housing | 0.5 | -0.4 | | Other new work | -1.7 | -0.1 | | Repair and maintenance | -0.1 | -0.5 | | All work | -0.8 | -0.4 | Download data for table 1: Construction material price indices, year-on-year and month-on-month percentage change The material price index for ‘All work’: #### Table 2: Construction materials experiencing the greatest price increases and decreases in the 12 months to October 2024, UK\n\n---\n\nSource: UK Steel Prices Update — Q2 2024 - ADS Laser\nURL: https://adslaser.co.uk/uk-steel-prices-update-q2-2024/\nOverall, based on Q1 2024’s trends, we predict that steel prices in the UK will fall slightly or remain still in Q2 2024. However, it’s important to remember that just like any other commodities in the market, steel prices are difficult to predict and this could change very quickly. ## Optimise Your Steel Sourcing Strategy with ADS Laser Cutting At ADS Laser Cutting, we understand the importance of securing the best price for your steel supply. As you deal with the complexities of the steel market, you can trust us to provide you with the insights, expertise, and solutions you need to optimise your supply chain strategy. Contact us today to learn how we can help you with your next manufacturing project. [...] Industries relying on steel are expected to slow down further, largely due to ongoing declines in construction, including workforce shortages in the industry. This prolonged downturn is likely to dampen demand for sheet metal and other steel products, contributing to the overall sluggishness of the steel market. However, a gradual recovery could be anticipated afterwards, though we expect it will be moderate. Despite the trends we observed in Q1, it’s worth bearing in mind that factors such as geopolitical shifts, unexpected jumps in demand from certain sectors, or significant supply disruptions could be unpredictable to the steel market, leading to a potential for prices to rise. [...] Geopolitical issues continue to impact the supply chain and cause disruptions and delays, which could increase prices for steel. Escalating tensions in the Middle East, notably between Iran and Israel, has historically been a key factor driving volatility in commodities, including on steel markets. Other issues such as the partial closure of Port Talbot and the interest rates rise c"
}