{"id":14940,"date":"2023-04-01T09:00:03","date_gmt":"2023-04-01T16:00:03","guid":{"rendered":"https:\/\/essential.construction\/news\/structural-steel-and-rebar-prices-fall-sharply\/"},"modified":"2023-04-01T09:00:08","modified_gmt":"2023-04-01T16:00:08","slug":"structural-steel-and-rebar-prices-fall-sharply","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/structural-steel-and-rebar-prices-fall-sharply\/","title":{"rendered":"Structural steel and rebar prices fall sharply"},"content":{"rendered":"<p> <a href=\"https:\/\/essential.construction\/files\/membership-default-internal\/\" class=\"memberhide\"><img decoding=\"async\" src=\"https:\/\/essential.construction\/news\/wp-content\/uploads\/sites\/15\/2023\/01\/20220718_175041000_iOS.jpg\" alt=\"-\"><\/a><br\/><br \/>\n<\/p>\n<div>\n<p>Latest data collected by cost consultant Gardiner &amp; Theobald shows structural steel has fallen to around \u00a31,000 per tonne in January, 31% down from last Spring\u2019s peak price of \u00a31,450 per tonne.<\/p>\n<p>Likewise in the structural concrete sector, rebar prices are also recording sustained falls, down 16% from a peak of \u00a31,170 to \u00a3980 per tonne at the start of the year.<\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/essential.construction\/news\/wp-content\/uploads\/sites\/15\/2023\/04\/Screenshot-2023-03-30-at-08.16.40.png\"><\/a><\/p>\n<p>But even after the recent correction, prices are still well above historical levels.<\/p>\n<p>Prices are being driven down by lower global steel demand amid economic growth concerns, and destocking.<\/p>\n<p>G&amp;T said there were now strong signs that the construction market was stabilising with material prices softening.<\/p>\n<p>But Michael Urie, senior market analyst, warned that one sector for clients and contractors to watch over the next few months was concrete prices.<\/p>\n<p>He said: \u201cWhile steel prices have fallen, concrete and cement prices continued to rise partly because the material has a localised supply chain.<\/p>\n<p>\u201cThis gives suppliers greater pricing power and therefore less need to pass on reductions in raw material and energy costs.\u201d<\/p>\n<div class=\"ad-mpu ad-mpu-inline\">\n<div class=\"sleeve\"><a rel=\"nofollow noopener\" data-ad-id=\"467243\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?url=https%3A%2F%2Ftarm.ac%2F67Os0J%3Futm_source%3Dconstruction-enquirer%26utm_medium%3Dbanner%26utm_campaign%3Dconstructionenq-ads\" target=\"_blank\" onclick=\"track_ad_click(this);\"><img decoding=\"async\" src=\"https:\/\/essential.construction\/news\/wp-content\/uploads\/sites\/15\/2023\/04\/tarmac march MPU 300x2502.jpg\" alt=\"-\"><\/a><\/div>\n<\/div>\n<div class=\"ad-mpu ad-mpu-inline\">\n<div class=\"sleeve\"><a rel=\"nofollow noopener\" data-ad-id=\"158465\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?url=http%3A%2F%2Fwww.agd-equipment.co.uk%3Futm_source%3Dconstruction-enquirer%26utm_medium%3Dbanner%26utm_campaign%3Dconstructionenq-ads\" target=\"_blank\" onclick=\"track_ad_click(this);\"><img decoding=\"async\" src=\"https:\/\/essential.construction\/news\/wp-content\/uploads\/sites\/15\/2023\/02\/AGD-ADVERT-2023.gif\" alt=\"-\"><\/a><\/div>\n<\/div><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5143531171910809\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- News - Bottom -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-5143531171910809\"\r\n     data-ad-slot=\"8320848692\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/www.constructionenquirer.com\/2023\/03\/31\/structural-steel-and-rebar-prices-fall-sharply\/\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Latest data collected by cost consultant Gardiner &amp; Theobald shows structural steel has fallen to around \u00a31,000 per tonne in &#8230; <a title=\"Structural steel and rebar prices fall sharply\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/structural-steel-and-rebar-prices-fall-sharply\/\" aria-label=\"Read more about Structural steel and rebar prices fall sharply\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[],"class_list":["post-14940","post","type-post","status-publish","format-standard","hentry","category-construction-enquirer","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/14940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=14940"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/14940\/revisions"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=14940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=14940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=14940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}