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Steel prices are expected to reach £1000 a tonne by the end of the year, according to a survey carried out by the Federation of Environmental Trade Associations among a hundred member companies of the Association of Ductwork Contractors & Allied Services — a rise of 50% in just 12 months. The survey also found that while prices had risen by about 20% since December, they were expected to soar by over 30% in the following six months. There is also no sign of when the upward trend will peak.
Paul Roxburgh of ADCAS, says, ‘This is a problem that affects the whole industry, and one that requires a collective response.
‘We will be working with our colleagues in the contracting sector to make sure that there’s a realistic approach to increased costs — particularly in the context of long-term fixed-price contracts.’
ADCAS is also to boost its efforts to boost efficiency, such as encouraging the use of only standard sizes for spiral ductwork and components.
steel components HVAC trade associations contracts
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