{
  "query": "UK construction cost inflation 2024-2025 steel infrastructure projects",
  "claims": [
    {
      "claim": "In 2024, UK structural steel prices saw stable to 3% growth, while rebar increased by 2% to 5%.",
      "verbatim_quote": "In 2024, UK steel prices saw moderate increases... Structural Steel: Stable to +3% Rebar: +2% to +5%",
      "source_url": "https://coremetsteel.com/news-insights/uk-steel-price-forecast-2025-2026/",
      "relevance": "high"
    },
    {
      "claim": "For 2025, UK structural steel prices are forecast to remain stable or rise by up to 4%, with rebar expected to increase by 2% to 5%.",
      "verbatim_quote": "UK steel prices are expected to rise gradually due to stronger construction demand... Structural Steel: Stable to +4% Rebar: +2% to +5%",
      "source_url": "https://coremetsteel.com/news-insights/uk-steel-price-forecast-2025-2026/",
      "relevance": "high"
    },
    {
      "claim": "National civil infrastructure tender price inflation (TPI) is forecast at 3-6% for 2024 and 3-5% for 2025.",
      "verbatim_quote": "National Civil Infrastructure TPI... 2024 3-6% (3-6%)... 2025 3-5% (3-5%)",
      "source_url": "https://media.arcadis.com/-/media/project/arcadiscom/com/perspectives/europe/united-kingdom/2025/uk-autumn-market-view-2025/uk-market-view-autumn-2025.pdf?rev=52862a2eac7943bead34db7004bc5f0b",
      "relevance": "high"
    },
    {
      "claim": "National network infrastructure tender price inflation is forecast at 3-6% for 2024 and 4-6% for 2025.",
      "verbatim_quote": "National Network Infrastructure TPI... 2024 3-6% (3-6%)... 2025 4-6% (4-6%)",
      "source_url": "https://media.arcadis.com/-/media/project/arcadiscom/com/perspectives/europe/united-kingdom/2025/uk-autumn-market-view-2025/uk-market-view-autumn-2025.pdf?rev=52862a2eac7943bead34db7004bc5f0b",
      "relevance": "high"
    },
    {
      "claim": "The average construction inflation rate in the UK for 2024 was recorded at 3.0 percent.",
      "verbatim_quote": "The UK recorded an average increase of 3.0 percent",
      "source_url": "https://publications.turnerandtownsend.com/global-construction-market-intelligence-2025/global-construction-cost-trends",
      "relevance": "medium"
    },
    {
      "claim": "UK construction cost inflation is anticipated to remain steady at 3.5 percent in 2025.",
      "verbatim_quote": "In the UK and North America, construction cost inflation is anticipated to remain steady at 3.5 percent and 3.8 percent, respectively.",
      "source_url": "https://publications.turnerandtownsend.com/global-construction-market-intelligence-2025/global-construction-cost-trends",
      "relevance": "medium"
    },
    {
      "claim": "Current pricing for reinforcing steel bars is between £650-£850 per tonne, with structural steel around £1,100 per tonne.",
      "verbatim_quote": "Steel | Reinforcing steel bars | £650-£850 per tonne | | Structural steel | Around £1,100 per tonne |",
      "source_url": "https://buonconstruction.com/will-uk-construction-costs-fall/",
      "relevance": "high"
    },
    {
      "claim": "Output price inflation in the British construction sector rose to above 3% y/y between October 2024 and March 2025.",
      "verbatim_quote": "This was then followed by a short-lived increase (rising to above 3% y/y in October 2024-March 2025) before moderating again in Q2 2025.",
      "source_url": "https://www.tmhcc.com/en/news-and-articles/thought-leadership/uk-construction-sector-report-december-2025",
      "relevance": "medium"
    }
  ],
  "market_context": "- [HIGH] In 2024, UK structural steel prices saw stable to 3% growth, while rebar increased by 2% to 5%. (source: https://coremetsteel.com/news-insights/uk-steel-price-forecast-2025-2026/)\n- [HIGH] For 2025, UK structural steel prices are forecast to remain stable or rise by up to 4%, with rebar expected to increase by 2% to 5%. (source: https://coremetsteel.com/news-insights/uk-steel-price-forecast-2025-2026/)\n- [HIGH] National civil infrastructure tender price inflation (TPI) is forecast at 3-6% for 2024 and 3-5% for 2025. (source: https://media.arcadis.com/-/media/project/arcadiscom/com/perspectives/europe/united-kingdom/2025/uk-autumn-market-view-2025/uk-market-view-autumn-2025.pdf?rev=52862a2eac7943bead34db7004bc5f0b)\n- [HIGH] National network infrastructure tender price inflation is forecast at 3-6% for 2024 and 4-6% for 2025. (source: https://media.arcadis.com/-/media/project/arcadiscom/com/perspectives/europe/united-kingdom/2025/uk-autumn-market-view-2025/uk-market-view-autumn-2025.pdf?rev=52862a2eac7943bead34db7004bc5f0b)\n- [MEDIUM] The average construction inflation rate in the UK for 2024 was recorded at 3.0 percent. (source: https://publications.turnerandtownsend.com/global-construction-market-intelligence-2025/global-construction-cost-trends)\n- [MEDIUM] UK construction cost inflation is anticipated to remain steady at 3.5 percent in 2025. (source: https://publications.turnerandtownsend.com/global-construction-market-intelligence-2025/global-construction-cost-trends)\n- [HIGH] Current pricing for reinforcing steel bars is between £650-£850 per tonne, with structural steel around £1,100 per tonne. (source: https://buonconstruction.com/will-uk-construction-costs-fall/)\n- [MEDIUM] Output price inflation in the British construction sector rose to above 3% y/y between October 2024 and March 2025. (source: https://www.tmhcc.com/en/news-and-articles/thought-leadership/uk-construction-sector-report-december-2025)"
}