Iron and steel prices are up nearly 10% since last year

Iron and steel prices are up nearly 10% since last year

(The Center Square) − Construction material prices ticked up again in August, with iron and steel leading the way, climbing 9.2% over the past year, according to new federal data analyzed by Associated Builders and Contractors.

Iron, steel prices up 9.2% year-over-year from tariffs

Construction input prices increased 0.2% in August compared to the previous month, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices also increased 0.2% for the month. Overall construction input prices are 2.3% higher than a year ago, while nonresidential construction input…