Structural steel and rebar prices fall sharply

Steel prices are beginning to fall back strongly after suffering the fastest inflation of all construction materials in the past two years.
Latest data collected by cost consultant Gardiner & Theobald shows structural steel has fallen to around £1,000 per tonne in January, 31% down from last Spring’s peak price of £1,450 per tonne.
Likewise in the structural concrete sector, rebar prices are also recording sustained falls, down 16% from a peak of £1,170 to £980