Construction
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July 18, 2008
Rising prices for steel, asphalt, diesel are tough on contractors
By BENJAMIN MINNICK
Journal Construction Editor
Journal Construction Editor
Image from iStockphoto
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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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