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July 18, 2008

Rising prices for steel, asphalt, diesel are tough on contractors

By BENJAMIN MINNICK
Journal Construction Editor

Image from iStockphoto [enlarge]
Local contractors say projects are being delayed or canceled because steel is getting so expensive. Most price quotes from steel suppliers now are only good for 15 days.

It's getting downright ugly for contractors. The latest Producer Price Index for construction materials, including items used by contractors such as diesel fuel, jumped 10.4 percent over the past year.


 
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