Tensions in Iran cause construction material prices to soar: iron up 20% in a few days

From transportation to construction sites: tensions related to the conflict in Iran are starting to push up the prices of building materials, with iron rising by 20% in just a few days. 

This was reported to Cna Firenze by companies and operators in the sector, who speak of sudden increases in various materials used on construction sites.

Among the most affected products, in addition to iron, are bituminous conglomerate and membranes, with price hikes ranging from +18% to +20%.

The market for steel, pipes, and PVC fittings is even more uncertain: some suppliers accept orders with price reservations, while others give quotes a validity of just 24 hours, after which prices may be updated.

All of this is happening in a context that is already under pressure. At the beginning of the year, concrete had recorded increases of around 10%, while the recent rise in fuel prices has started to directly impact the costs of vehicles and the transportation of materials to construction sites.

“For these reasons, Cna is calling for the urgent activation of monitoring tables on the trend of building material prices throughout the supply chain and the use of the tools provided by regulations to make the price revision clauses effective. This is a necessary step to protect companies engaged in public and private works from sudden and unjustified cost increases, which risk compromising the economic balance of already initiated or planned construction sites,” explains Giuseppe Comanzo, president of Cna Costruzioni Firenze.