Heating and Ventilating

 

Building services can't dodge steel punch

A major hike in ductwork prices caused by rising steel costs has hit the UK building services industry, with further price blows feared.
ADCAS, the Association of Ductwork Contractors and Allied Services, represents ductwork manufacturers and suppliers of ancillary parts and says in the last few months its members have reported steel suppliers' soaring prices.

Iain Robertson, joint managing director of Lindab Ventilation said 'Since Christmas we've seen a 25% rise in the price of galvanised steel for the next quarter - and our products are 99% steel. Our suppliers report reduced allocations and have warned us of further increases in the pipeline. Its a volatile situation that makes it difficult to produce accurate price lists.'

Syd Brunt of BSB Engineering Services said 'Steel suppliers are quoting increases as high as £160 per tonne.
'And, although steel is the major component in our dampers, we're also facing increases in the cost of plastic and aluminium. As a result holding prices for up to 30 days is the best we can do.'

Industry sources say the steel price hike was prompted by China and India's reduced export of steel, Russia's high steel prices, coupled with a lack of competition and the pound's weak performance against the Euro.




12 May 2008

Comments

Already Registered?
Login
Not Yet Registered?
Register

HVR Awards 2022: The winners revealed

The winners of the HVR Awards 2022 were announced last night at a gala event held at the Chelsea Harbour Hotel in London.

Organised by Datateam Business Media, publisher of leading industry publication Heating & Ventilating Review, the HVR Awards have been championing innovation, excellence and achievement across the heating and ventilating industry for over a decade. 

  30-Sep-2022

Rinnai Heating & Hot Water new cost comparison aid - online and on demand 

Rinnai continues to make additions and innovations in both products and services to complement its new H3 range of Hydrogen, Hybrid & Heat Pumps ranges. In helping reduce the carbon footprints and fuel costs of all sites and applications Rinnai ...

  06-Oct-2022

If you need to open a Solenoid Valve manually, you need a SVOM!

If you need to open a Solenoid Valve manually, you need a SVOM!
  22-Oct-2021
Heating & Ventilating Review is the number one magazine in the HVAR industry. Don’t miss out, subscribe today!
Subcribe to HVR

Diary

BESA CONFERENCE
https://www.heatingandventilating.net/building-services-cant-dodge-steel-punch-