Timber and steel shortages set to intensify

Aaron Morby 1 week ago
Share

Merchants and building materials producers have warned timber shortages look set to worsen as construction demand rises.

Timber supplies are tightening with one contractor reporting a leading national merchant chain ran out of basic shuttering timber a few weeks ago.

World prices for sawn timber have soared in the face of ongoing supply chain disruptions due to the reduced availability of shipping containers, and strong global demand.

This has seen timber join steel in seeing unprecedented price hikes over the last few months.

Nick Boulton, Head of Technical and Trade at the Timber Trade Federation, said: “We are seeing demand for wood products continuing to increase at UK, EU and Global levels which coupled with ongoing supply chain disruptions caused by covid restrictions has inflated prices and extended lead times.”

Leaders of the Construction Leadership Council’s Product Availability working group have now warned timber, roof tiles and roofing membranes are the worst affected product areas for contractors.

Global demand also continues to impact prices and delivery times on structural steel, internal steel products and galvanised steel.

Evidence suggests that some steel products may suffer continued shortages into the second half of the year.

John Newcomb, CEO of the Builders Merchants Federation and Peter Caplehorn, CEO of the Construction Products Association said present evidence suggests that some steel products could suffer continued shortages into the second half of the year.

The working group report said that in general products remain available but lead times have lengthened.

It warns that current demand is such that it is proving difficult for manufacturers and suppliers to build up stock levels.

The report stated: “There is unlikely to be any improvement in timber supplies this year with little or no timber currently coming into the UK that is not already pre-sold and global demand outstripping supply.”

However, they add that the supply of roofing products was expected to improve in the second half of the year.

Raw material shortages, stemming from global demand and other external factors such as factory closures outside the UK, continue to constrain production of PE and PP plastics, PIR insulation, paints, adhesives and other coatings.

Latest news

Construction output surge sees cost inflation hit record high

Buyers report rises in input costs hit near 25-year high as materials shortages bite
7 hours ago

Fire at tower days before Grenfell-style cladding due to be removed

More than 40 people injured during blaze at 19-storey building
3 hours ago

Firms shortlisted for £140m Havant reservoir

Balfour, Hochtief and Mackley/Jones JV hunt main reservoir package
9 hours ago

Blackstone makes £1.2bn bid for St Modwen

Investment giant set to acquire big name developer
9 hours ago

London Chalcots towers £100m reclad out to bid again

Camden Council hopes to let Swiss Cottage estate reclad before the end of this year
24 hours ago

Balfour facing strike ballot over “insulting” pay offer

Industrial action ballot planned for workers on £1.5bn Central Rail System Alliance contract
1 day ago

Hill wins 142-home McArthurs Yard job in Bristol

Housing contractor bags first Bristol job at harbourside site
1 day ago

BarhaleDoosan to build organic waste water treatment works

Natural integrated wetland to be built at Clifton wastewater treatment works
9 hours ago

London Nine Elms 12-storey office approved

Construction to start this summer at former Royal Mail site
9 hours ago

Fresh price hike takes structural steel to £800 per tonne

Seventh price hike since last July sees steel sections rise by £50/t
1 day ago

Barratt problem concrete frames and cladding bill hits £163m

House builder sees demand and construction surge but legacy property charges rise
1 day ago

Materials shortages threatening pace of rebound

RICS survey reveals confidence running high but shortages could put brakes on recovery
2 days ago

Henry Boot rejigs senior management

New MDs appointed to head construction and plant operations
1 day ago

Procure Plus plans £1.3bn low carbon housing framework

Firms wanted to supply or fit solar panels and air and ground source heat pumps
1 day ago

Keltbray sells electrical engineering arm to management

MBO at Keltbray Lagan Power three years after contractor acquired majority stake in business
2 days ago

BAM awards £150m worth of Manchester arena packages

North West subcontractors win top billing at Co-op Live project
2 days ago

Contractor Kilnbridge sold to 800-staff ownership trust

Founder of £90m East London contractor sells to workforce trust
2 days ago

ISG chalks up £48m haul of school wins

Deals include a £12m pathfinder 'net zero' school in Bristol
2 days ago

Green light for £37m Dawlish train rockfall shelter

Work to start on 209m long track protection structure this August
2 days ago

Keltbray posts £9.4m loss due to Covid and restructuring

Specialist contractor confident about future with £25m net cash and £224m order book
3 days ago

Construction start date for £200m Basildon scheme

Work to start this autumn on Essex site being developed by Inland Homes and Homes England
2 days ago

New Buro Happold chief to double staff in six years

James Bruce aims rapidly to grow engineering consultant into a global player
3 days ago

Atkins raids Skanska for new finance director

Jo Jarman returns to consultant as new finance director
3 days ago

Kier wins £15m Braintree enterprise centre

Building work at Great Notley to start later this month
3 days ago

Big name concrete firms miss out on major HS2 deal

Skanska Costain Strabag JV awards major package to Kelly Formwork
3 days ago

Covid shakes-up Top 30 M&E contractors rankings

Several M&E firms grow despite 9% fall in revenue last year among top 30 specialists.
3 days ago

Bylor builds second Hinkley reactor shell a third faster

Next massive prefabricated steel ring section for reactor building lifted in by Big Carl
3 days ago

Plans in for 700-bed Nottingham student scheme

Next phase of The Island Quarter scheme submitted for approval
3 days ago

M Group rebrands Skanska highways arm as Milestone

New business launched as £50m takeover deal signed off
4 days ago

Henry Boot to start £110m Walsall logistics project

Remedial works to start at 620,000 sq ft Phoenix 10 logistics scheme
4 days ago

Contractor services