Contractors push-back on steel price hikes as demand softens

Leading cost consultant Turner & Townsend said there is early evidence emerging that points to an easing in rampant tender price inflation pressure.
While material costs may remain elevated because of growing energy costs, increased production costs are now less likely to be successfully passed through the supply chain, says the firm in its latest tender price forecast.
T&T said push-back from contractors had been seen in the face of recent British Steel hikes, with increased pricing not