The financial markets have been showing very sharp increases in industrial metals for a number of months.
Anecdotal data from America is of sharp increases in prices for the construction industry.
This is now happening here. I bought building materials - roof sheets, bags cement, wood etc about two months ago.
Today of my 2 closest builders merchants, one had zero bags of cement. The other was extremely low and limiting buyers to 5 bags a day. At the next town, 10 miles away, the merchant there was low on stock and also limiting purchases to 5 bags a day.
0.7mm galv, plastisol coated roof sheets from my regular supplier were 10.38 a meter plus VAT 2 months ago. Today I was quoted 12.31 and after negotiation, 11.82
So if you are planning any building projects - think ahead qnd consider ordering now. The orgy of printed money is now hitting factory gate prices
Anecdotal data from America is of sharp increases in prices for the construction industry.
This is now happening here. I bought building materials - roof sheets, bags cement, wood etc about two months ago.
Today of my 2 closest builders merchants, one had zero bags of cement. The other was extremely low and limiting buyers to 5 bags a day. At the next town, 10 miles away, the merchant there was low on stock and also limiting purchases to 5 bags a day.
0.7mm galv, plastisol coated roof sheets from my regular supplier were 10.38 a meter plus VAT 2 months ago. Today I was quoted 12.31 and after negotiation, 11.82
So if you are planning any building projects - think ahead qnd consider ordering now. The orgy of printed money is now hitting factory gate prices