AGC: Producer Prices Increasing at Alarming Rate

The steep rise in prices for construction materials and services continued in July, as contractors grapple with supply challenges, reported the Associated General Contractors of America in its latest analysis of government data.

AGC officials have urged the Biden administration to immediately end tariffs and quotas on steel, aluminum, lumber and other essential construction items to help stave off inflationary pressure in the construction industry.

David Schollaert

David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

David Schollaert

Latest in Analysis

SMU Price Ranges: HR inches toward $1,300/t as spot squeeze continues

Coming soon: SMU Daily Digest newsletters

Scrap prices poised for October increase, or later?

SMU Survey: Tight US flat-rolled market boosts buyer interest in foreign steel

AISI: US production retreats after early September surge