Building material price inflation eases
The price of building materials, such as lumber and steel, fell 10 to 15 percent as local businesses sought alternative suppliers, the construction industry association ÉVOSZ said on Monday, according to a report. MTI State News Feed report.
“The easing of tensions in global markets and orders from high-turnover building materials traders from alternative import markets have resulted in a 10-15% price drop in the building materials market. critical construction from September 1, ”declared ÉVOSZ.
“Entrepreneurs and traders expect deliveries from Asia to remain uncertain and expensive for the rest of the year. One practical solution is to have materials delivered mainly from neighboring countries, through trading relationships of long time, ”he added.
ÉVOSZ also acknowledged the impact of government measures on lowering prices and said the decline would trickle down to consumers.
The association said competition in the local building materials market is “significant” and that there is “no dominant position that distorts the market” that could impact prices.
ÉVOSZ drew conclusions from an assessment of Hungary’s largest building materials traders, including Akker-Plus, Lambda System, Masterplast, Piramis and újHÁZ, as well as Márton Nagy, advisor to the Prime Minister, and government commissioner Csaba Gyutai .
The Hungarian government has announced measures to curb soaring prices for building materials this summer, including a tax on excess profits and mandatory export reporting. He also launched a targeted survey of sellers of building materials.
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