Timber and steel shortages set to worsen

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.

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Source: https://www.constructionenquirer.com/2021/04/29/timber-and-steel-shortages-to-worsen/

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