{ "query": "current UK construction inflation rates May 2026 and Tata Steel UK market outlook", "raw_results": [ { "url": "https://www.globenewswire.com/news-release/2026/04/29/3283507/28124/en/united-kingdom-steel-industry-report-2026-now-available.html", "title": "United Kingdom Steel Industry Report 2026 | Now Available", "content": "# United Kingdom Steel Industry Report 2026 | Now Available\n\n## The UK steel market is set to rise from US$ 57.91 billion in 2025 to US$ 82.49 billion by 2034, growing at a CAGR of 4.01%. This growth is fueled by ongoing infrastructural modernization, rising electric vehicle production, and the increasing use of high-strength, sustainable steel across various industries. Key sectors include building and construction, automotive, and renewable energy, with London, Manchester, and Liverpool being major regional hubs. The market faces challenges from high energy costs and competitive pressures but remains vital for a sustainable future. Notable companies include ArcelorMittal, Tata Steel, and Nucor Corporation.\n\nApril 29, 2026 05:09 ET\n\n | Source:\nResearch and Markets\n\nResearch and Markets [...] Dublin, April 29, 2026 (GLOBE NEWSWIRE) -- The \"United Kingdom Steel Market Report by Type, Product, Application, Cities and Companies Analysis 2026-2034\" report has been added to ResearchAndMarkets.com's offering. \n \nThe UK steel market is anticipated to surge from US$ 57.91 Billion in 2025 to US$ 82.49 Billion in 2034, driven by continuous demand from building and construction, infrastructure, automotive, and renewable energy industries. The market is expected to grow at a CAGR of 4.01% from 2026-2034, due to ongoing infrastructural modernization, electric vehicle production growth, and the increasing application of high strength and sustainable steel grades in various industrial uses. [...] Import Competition, Cyclic Demand & Margin Volatility \n \nThe UK steel market is exposed to global price cycles, currency movements, and import competition from lower-cost producers. At times of global overcapacity, surges in imported flat, long, or specialty products can put downward pressure on domestic prices. Demand from key end-use sectors, including construction and automotive, is equally cyclical, with order books and utilisation rates fluctuating accordingly. Volatility of this nature limits the ability of long-term planning and stability of the workforce. Customers are increasingly expecting competitive prices and tight delivery schedules, together with tailored products, while supply chains remain vulnerable to disruptions in logistics and raw material availability.", "score": 0.6867278, "raw_content": null }, { "url": "https://www.steelonthenet.com/resources/market-data/market-outlook.html", "title": "Steel Market Forecast 2026-2027 | Global Price Outlook & Analysis", "content": "In the United States, Section 232 tariffs — raised to 50% in June 2025 —\ncontinue to insulate the domestic market significantly from world price levels, with US\nHRC prices well above Asian benchmarks. This divergence\nis structural for as long as the tariffs remain in place. In the UK, the\ncurrent steel safeguard also expires on 30 June 2026, to be replaced by a new trade defence\nmechanism from 1 July 2026 with substantially lower import quotas and a 50% out-of-quota\ntariff, mirroring the EU approach.(#src13) The UK's own CBAM\nis not expected until 2027, leaving a brief window of reduced regulatory protection in\nH1 2026. Over time, CBAM and tightened safeguards are expected to accelerate the shift\ntoward EAF-based and lower-carbon steelmaking, [...] Returning to the price cycle analysis above, the historical average trough-to-peak\ninterval of 4–5 years — measured from what now appears to be a cycle trough in\nmid-2024 — would ordinarily suggest a recovery commencing in 2026–27. However,\nin the current cycle, regulatory factors are likely to be a more important\ndriver of European price recovery than the cyclical mechanism alone. The\ncombination of CBAM (payments\nfalling due in 2027), the tightened EU and UK safeguard regimes (both effective July\n2026), and continued US Section 232 protection is progressively building a regulatory\nfloor under Western steel prices that structural overcapacity — on its own — would not\ndeliver. On this basis, Steelonthenet.com expects little meaningful price recovery in [...] ### Overall Price Forecast\n\nThe following assessment was written in March 2026 and should be read alongside the May 2026 update below, which reflects subsequent regulatory developments and market moves.\n\nTaken together, the factors outlined above — structural overcapacity, weak Chinese demand, declining raw material prices, and only modest demand growth globally — point to little meaningful steel price recovery in 2026 at a world level. While protectionist measures in the US and EU provide regional support for domestic prices in those markets, they are insufficient to lift the broader global price level while overcapacity persists.", "score": 0.5996498, "raw_content": null }, { "title": "© 2026 S&P Global S&P Global UK Construction PMI®", "url": "https://www.pmi.spglobal.com/Public/Home/PressRelease/0769cecff9dc4eb2adc122ada27c89f3", "content": "For further information on the PMI survey methodology, please contact economics@spglobal.com.\n0 10 20 30 40 50 60 40 50 60 70 80 90 100 21 22 23 24 25 26 Source: S&P Global PMI. ©2026 S&P Global.\nIf you prefer not to receive news releases from S&P Global, please email press.mi@spglobal.com. To read our privacy policy, click here.\nContact Tim Moore Economics Director S&P Global Market Intelligence T: +44-1491-461-067 tim.moore@spglobal.com Hannah Brook EMEA Communications Manager S&P Global Market Intelligence T: +44-7483-439-812 hannah.brook@spglobal.com press.mi@spglobal.com Index, sa, >50 = inflation m/m 25 30 35 40 45 50 55 60 65 70 21 22 23 24 25 26 Source: S&P Global PMI. ©2026 S&P Global. [...] Housing Commercial Activity Index, sa, >50 = growth m/m Civil Engineering Suppliers' Delivery Times Input Prices Index, sa, >50 = faster times m/m March data pointed to a renewed downturn in supplier performance. Average lead times among vendors lengthened for the first time since July 2025 and to the greatest extent for 14 months. Construction companies typically commented on longer international shipping times and tighter supplies of some raw materials (e.g. resins). Nearly half of the survey panel (48%) reported an increase in their average cost burdens during March, while only 3% signalled a decline. The resulting seasonally adjusted Input Prices Index pointed to a rapid acceleration in cost inflation to its highest since November 2022. Concerns about the inflation outlook, higher [...] and delayed investment decisions in response to the outbreak of war in the Middle East. \"Construction firms also signalled a recalibration of their output growth forecasts for the year ahead. The drop in confidence during March wiped out the steady improvements in business optimism reported since the Autumn Budget. Escalating inflationary pressures, gloomy domestic economic prospects and higher borrowing costs were widely cited concerns in March. \"International shipping delays meant that supply chain performance deteriorated for the first time since last summer. Moreover, fuel surcharges and rising transport costs contributed to a surge in input cost inflation to its highest for more than three years. The month-on-month acceleration in cost inflation since February was the largest", "score": 0.54942364, "raw_content": null }, { "url": "https://costmodelling.com/construction-indices", "title": "Costmodelling - Tender Price and Building Cost Indices", "content": "goback\n\n## UK Tender Price and Building Cost Indices\n\nRelease date 1 April 2026\n\n#### Tender Price and Building Cost Indices\n\nThis page contains a chart and table of historic, current and forecasted UK tender price and building cost\nindices.\n\nThe indices given here are provided in good faith as an indicative guide only and should be used with\nunderstanding. You should also consider other sources of information. Costmodelling Limited cannot accept any\nliability for any work produced using these figures. You should always seek professional advice in producing\ncosts for any construction project.\n\nPlease also be aware that some of these figures may change as more data becomes available, particularly the\nlatter date figures when provisional data is superseded by more firm data. [...] | | 181 | 184 |\n| | 183 | 185 |\n| 2020 | 186 | 185 |\n| | 187 | 186 |\n| | 186 | 187 |\n| | 187 | 187 |\n| 2021 | 188 | 189 |\n| | 189 | 191 |\n| | 191 | 195 |\n| | 192 | 199 |\n| 2022 | 196 | 204 |\n| | 200 | 209 |\n| | 204 | 216 |\n| | 207 | 221 |\n| 2023 | 209 | 225 |\n| | 211 | 228 |\n| | 213 | 229 |\n| | 215 | 227 |\n| 2024 | 216 | 228 |\n| | 218 | 233 |\n| | 219 | 235 |\n| | 221 | 238 |\n| 2025 | 223 | 238 || | 224 | 241 |\n| | 226 | 242 |\n| | 227 | 243 |\n| 2026 | 229 | 244 || | 230 | 246 |\n| | 232 | 248 |\n| | 233 | 250 |\n| 2027 | 235 | 252 || | 237 | 253 |\n| | 239 | 255 |\n| | 240 | 257 || 2028 | 242 | 259 || | 244 | 260 |\n| | 245 | 262 |\n| | 247 | 264 | [...] ##### UK Construction Market Data\n\nBelow are various organisations, in alphabetical order, who publish UK construction market data:\n\nTerms of Use - Privacy Policy\n\n© Copyright 2025 Costmodelling Limited. All rights reserved.", "score": 0.16434234, "raw_content": null }, { "url": "https://www.ons.gov.uk/businessindustryandtrade/constructionindustry/datasets/interimconstructionoutputpriceindices", "title": "Construction output price indices\n - Office for National Statistics", "content": "## Is this page useful?\n\nDo you want a reply?\n\nIf you'd like us to get back to you, please add your name and email address below.\n\n## Footer links\n\n## Help\n\n## About ONS\n\n## Connect with us\n\nOGL\n\nAll content is available under the Open Government Licence v3.0 , except where otherwise stated\n\nAll content is available under the Open Government Licence v3.0 , except where otherwise stated [...] ## Cookies on ons.gov.uk\n\nCookies are small files stored on your device when you visit a website. We use some essential cookies to make this website work.\n\nWe would like to set additional cookies to remember your settings and understand how you use the site. This helps us to improve our services.\n\nYou have accepted all additional cookies.\nYou have rejected all additional cookies.\nYou can change your cookie preferences at any time.\nHide\n\nOffice for National Statistics logo - Homepage\n\n# Dataset Construction output price indices\n\nOfficial Statistics logo\n\n## About this Dataset\n\n## Edition in this dataset\n\n### Current edition of this dataset\n\nPrevious versions of this data are available.\n\n### Contact details for this dataset\n\n### Publications that use this data\n\n## Is this page useful?", "score": 0.051543966, "raw_content": null } ], "formatted": "Source: United Kingdom Steel Industry Report 2026 | Now Available\nURL: https://www.globenewswire.com/news-release/2026/04/29/3283507/28124/en/united-kingdom-steel-industry-report-2026-now-available.html\n# United Kingdom Steel Industry Report 2026 | Now Available ## The UK steel market is set to rise from US$ 57.91 billion in 2025 to US$ 82.49 billion by 2034, growing at a CAGR of 4.01%. This growth is fueled by ongoing infrastructural modernization, rising electric vehicle production, and the increasing use of high-strength, sustainable steel across various industries. Key sectors include building and construction, automotive, and renewable energy, with London, Manchester, and Liverpool being major regional hubs. The market faces challenges from high energy costs and competitive pressures but remains vital for a sustainable future. Notable companies include ArcelorMittal, Tata Steel, and Nucor Corporation. April 29, 2026 05:09 ET | Source: Research and Markets Research and Markets [...] Dublin, April 29, 2026 (GLOBE NEWSWIRE) -- The \"United Kingdom Steel Market Report by Type, Product, Application, Cities and Companies Analysis 2026-2034\" report has been added to ResearchAndMarkets.com's offering. The UK steel market is anticipated to surge from US$ 57.91 Billion in 2025 to US$ 82.49 Billion in 2034, driven by continuous demand from building and construction, infrastructure, automotive, and renewable energy industries. The market is expected to grow at a CAGR of 4.01% from 2026-2034, due to ongoing infrastructural modernization, electric vehicle production growth, and the increasing application of high strength and sustainable steel grades in various industrial uses. [...] Import Competition, Cyclic Demand & Margin Volatility The UK steel market is exposed to global price cycles, currency movements, and import competition from lower-cost producers. At times of global overcapacity, surges in imported flat, long, or specialty products can put downward pressure on domesti\n\n---\n\nSource: Steel Market Forecast 2026-2027 | Global Price Outlook & Analysis\nURL: https://www.steelonthenet.com/resources/market-data/market-outlook.html\nIn the United States, Section 232 tariffs — raised to 50% in June 2025 — continue to insulate the domestic market significantly from world price levels, with US HRC prices well above Asian benchmarks. This divergence is structural for as long as the tariffs remain in place. In the UK, the current steel safeguard also expires on 30 June 2026, to be replaced by a new trade defence mechanism from 1 July 2026 with substantially lower import quotas and a 50% out-of-quota tariff, mirroring the EU approach.(#src13) The UK's own CBAM is not expected until 2027, leaving a brief window of reduced regulatory protection in H1 2026. Over time, CBAM and tightened safeguards are expected to accelerate the shift toward EAF-based and lower-carbon steelmaking, [...] Returning to the price cycle analysis above, the historical average trough-to-peak interval of 4–5 years — measured from what now appears to be a cycle trough in mid-2024 — would ordinarily suggest a recovery commencing in 2026–27. However, in the current cycle, regulatory factors are likely to be a more important driver of European price recovery than the cyclical mechanism alone. The combination of CBAM (payments falling due in 2027), the tightened EU and UK safeguard regimes (both effective July 2026), and continued US Section 232 protection is progressively building a regulatory floor under Western steel prices that structural overcapacity — on its own — would not deliver. On this basis, Steelonthenet.com expects little meaningful price recovery in [...] ### Overall Price Forecast The following assessment was written in March 2026 and should be read alongside the May 2026 update below, which reflects subsequent regulatory developments and market moves. Taken together, the factors outlined above — structural overcapacity, \n\n---\n\nSource: © 2026 S&P Global S&P Global UK Construction PMI®\nURL: https://www.pmi.spglobal.com/Public/Home/PressRelease/0769cecff9dc4eb2adc122ada27c89f3\nFor further information on the PMI survey methodology, please contact economics@spglobal.com. 0 10 20 30 40 50 60 40 50 60 70 80 90 100 21 22 23 24 25 26 Source: S&P Global PMI. ©2026 S&P Global. If you prefer not to receive news releases from S&P Global, please email press.mi@spglobal.com. To read our privacy policy, click here. Contact Tim Moore Economics Director S&P Global Market Intelligence T: +44-1491-461-067 tim.moore@spglobal.com Hannah Brook EMEA Communications Manager S&P Global Market Intelligence T: +44-7483-439-812 hannah.brook@spglobal.com press.mi@spglobal.com Index, sa, >50 = inflation m/m 25 30 35 40 45 50 55 60 65 70 21 22 23 24 25 26 Source: S&P Global PMI. ©2026 S&P Global. [...] Housing Commercial Activity Index, sa, >50 = growth m/m Civil Engineering Suppliers' Delivery Times Input Prices Index, sa, >50 = faster times m/m March data pointed to a renewed downturn in supplier performance. Average lead times among vendors lengthened for the first time since July 2025 and to the greatest extent for 14 months. Construction companies typically commented on longer international shipping times and tighter supplies of some raw materials (e.g. resins). Nearly half of the survey panel (48%) reported an increase in their average cost burdens during March, while only 3% signalled a decline. The resulting seasonally adjusted Input Prices Index pointed to a rapid acceleration in cost inflation to its highest since November 2022. Concerns about the inflation outlook, higher [...] and delayed investment decisions in response to the outbreak of war in the Middle East. \"Construction firms also signalled a recalibration of their output growth forecasts for the year ahead. The drop in confidence during March wiped out the steady improvements in business optimism repor\n\n---\n\nSource: Costmodelling - Tender Price and Building Cost Indices\nURL: https://costmodelling.com/construction-indices\ngoback ## UK Tender Price and Building Cost Indices Release date 1 April 2026 #### Tender Price and Building Cost Indices This page contains a chart and table of historic, current and forecasted UK tender price and building cost indices. The indices given here are provided in good faith as an indicative guide only and should be used with understanding. You should also consider other sources of information. Costmodelling Limited cannot accept any liability for any work produced using these figures. You should always seek professional advice in producing costs for any construction project. Please also be aware that some of these figures may change as more data becomes available, particularly the latter date figures when provisional data is superseded by more firm data. [...] | | 181 | 184 | | | 183 | 185 | | 2020 | 186 | 185 | | | 187 | 186 | | | 186 | 187 | | | 187 | 187 | | 2021 | 188 | 189 | | | 189 | 191 | | | 191 | 195 | | | 192 | 199 | | 2022 | 196 | 204 | | | 200 | 209 | | | 204 | 216 | | | 207 | 221 | | 2023 | 209 | 225 | | | 211 | 228 | | | 213 | 229 | | | 215 | 227 | | 2024 | 216 | 228 | | | 218 | 233 | | | 219 | 235 | | | 221 | 238 | | 2025 | 223 | 238 || | 224 | 241 | | | 226 | 242 | | | 227 | 243 | | 2026 | 229 | 244 || | 230 | 246 | | | 232 | 248 | | | 233 | 250 | | 2027 | 235 | 252 || | 237 | 253 | | | 239 | 255 | | | 240 | 257 || 2028 | 242 | 259 || | 244 | 260 | | | 245 | 262 | | | 247 | 264 | [...] ##### UK Construction Market Data Below are various organisations, in alphabetical order, who publish UK construction market data: Terms of Use - Privacy Policy © Copyright 2025 Costmodelling Limited. All rights reserved.\n\n---\n\nSource: Construction output price indices\n - Office for National Statistics\nURL: https://www.ons.gov.uk/businessindustryandtrade/constructionindustry/datasets/interimconstructionoutputpriceindices\n## Is this page useful? Do you want a reply? If you'd like us to get back to you, please add your name and email address below. ## Footer links ## Help ## About ONS ## Connect with us OGL All content is available under the Open Government Licence v3.0 , except where otherwise stated All content is available under the Open Government Licence v3.0 , except where otherwise stated [...] ## Cookies on ons.gov.uk Cookies are small files stored on your device when you visit a website. We use some essential cookies to make this website work. We would like to set additional cookies to remember your settings and understand how you use the site. This helps us to improve our services. You have accepted all additional cookies. You have rejected all additional cookies. You can change your cookie preferences at any time. Hide Office for National Statistics logo - Homepage # Dataset Construction output price indices Official Statistics logo ## About this Dataset ## Edition in this dataset ### Current edition of this dataset Previous versions of this data are available. ### Contact details for this dataset ### Publications that use this data ## Is this page useful?" }