Strict Standards: mktime(): You should be using the time() function instead in /home/unijimpe/forum.unijimpe.net/extensions/FeedReader/Goo/Goo.Cache.php on line 89

Strict Standards: Only variables should be passed by reference in /home/unijimpe/forum.unijimpe.net/extensions/Attachments/default.php on line 174
unijimpe forum - Falling Steel Prices Weighed on May Construction Costs, IHS Says
Not signed in (Sign In)

Categories

Bienvenido, Visitante

Desea participar en estas discusiones?
Puede iniciar sesión si tiene
una cuenta, o registrarse ahora.

Vanilla 1.1.4 is a product of Lussumo. More Information: Documentation, Community Support.

    • CommentAuthorYumy
    • CommentTimeSep 4th 2017 edited
     
    Construction costs fell in May, according to IHS and the Procurement Executives Group (PEG). The current headline, IHS PEG Engineering and Construction Cost Index (ECCI), registered 47.9 in May, up from April’s reading. It remained below the neutral mark. The headline index has not indicated rising costs since December 2014.

    The current materials/equipment index registered 47.4 in May, an improvement from April, but still consistent with overall softer prices. Five of 12
    individual components registered falling prices during the month, with the lowest readings in carbon steel pipe and fabricated structural steel.
    Jason Kaplan, IHS senior manager, says steel plate prices continue to be depressed by a combination of low demand and strong supply.

    Six components showed higher prices in the materials/equipment index in May, led by ready-mix concrete. Copper-based wire and cable showed higher month-on-month prices for the first time since September 2014.
    The current subcontractor labor index registered 49.0 in May, on par with the April reading, and still below the neutral mark. The majority of regions registered flat labor costs in May, continuing a trend. Nevertheless, tightness in skilled labor markets was reported in the U.S. Gulf Coast.

    The six-month headline expectations index stabilized in May. It rose to 50.3 after hitting a low record of 44.6 in April. Expectations for subcontractor labor rebounded to 55.8 in May after hitting a low record of 47.4 in April. Western Canada was the only major exception.

    TBB bearing is the trusted supplier of bearing in China. You can visit our website tbbbearing.com.
    • CommentAuthorYumy
    • CommentTimeSep 4th 2017
     
    Falling Steel Prices Weighed on May Construction Costs