Constructsteel - constructsteel Monthly update for the construction industry April 2021
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constructsteel
Monthly update for the construction industry
April 2021
constructsteel
2 3
constructsteel update:
Fire safety and combustible materials
An academic review by researchers from Johns Hopkins University found
that the use of mass timber for high rise structures requires special
consideration because of the combustible nature of the material.
When timber elements are not shielded from the fire by insulative
protection/encapsulation, these elements contribute to the fuel load,
altering the fire dynamics by increasing the duration and intensity of the
fire.
An additional consideration is that the construction phase presents
a higher fire risk. Fire protection measures such as sprinklers and
encapsulation may be absent in the construction phase, leaving large
quantities of exposed timber at risk of an accidental fire.
Read the full report here.
Firefighters battling a large fire in multi-story construction site in Fairfax Country, Washington, D.C., 2020
Image: Technical Report, Timber HIgh Rise Buildings and Fire Safety via WTOP
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Construction market trends
United States Tentative signs of stabilisation in private non-residential construction. China China’s booming property sector fueled by strong credit but
Residential construction output remains strong. authorities introduce measures to slow credit growth.
Private non-residential construction down -10% y-o-y in Feburary 2021. However, the Architectural The 3 month moving average y-o-y growth in newly started floor space increased 25% in February and
Billings Index (ABI) reached 53.3 in February (>50, expansion) and exceeding 50 for the first time since floor space sold jumped 36%.
February 2020.
Private non-residential output vs ABI Floor space started (3 month moving average, %, y-o-y)
Source: McKinsey & Company Source: McKinsey & Company
ABI (LHS) Output (RHS, %, y-o-y)
75 15% 20%
70 13%
15%
10%
65 10%
8%
60 5%
5%
55 3% 0%
50 0% -5%
45 -3%
-10%
-5%
40 -15%
-8%
35 -20%
-10%
30 -13% -25%
25 -15% -30%
Jan-19
Feb-19
Jun-19
Jul-19
Oct-19
Dec-19
Sep-19
Nov-19
Jan-20
Feb-20
Jun-20
Jul-20
Oct-20
Dec-20
Sep-20
Nov-20
Jan-21
Feb-21
Apr-19
Aug-19
Apr-20
Mar-19
May-19
Aug-20
Mar-20
May-20
Apr-19
Oct-19
Apr-20
Oct-20
Dec-20
Jan-19
Feb-19
May-19
Jun-19
Jul-19
Sep-19
Nov-19
Dec-19
Jan-20
Feb-20
May-20
Jun-20
Jul-20
Sep-20
Nov-20
Jan-21
Feb-21
Aug-19
Aug-20
Mar-19
Mar-20
Europe European construction sector output weak and to remain so till India India’s eight infrastructure sectors contracted by the sharpest rate
H1 2021 in six months in February amid uncertainty due to the second wave
of coronavirus infections
Eurozone construction output increased 1% m-o-m in January but was still down -2.3% y-o-y. The IHS The weighted average of eight core industries output fell -4.6% y-o-y in February with contraction seen
Markit Eurozone Construction PMI stood at 45 in February (< 50, contraction). in all sub sectors of the index
Eurozone construction output vs PMI Weighted average of eight core industries industrial production (%, y-o-y)
Source: Eurostat Source: Ministry of Commerce & Industry, India
PMI (LHS) Output (RHS, %, y-o-y) 10%
60 10%
0%
50 0%
-10%
40 -10%
-20%
30 -20%
-30%
20 -30%
-40%
Knowledge partner:
10 -40%
Apr-20
Oct-20
Jan-20
Feb-20
May-20
Jun-20
Jul-20
Sep-20
Nov-20
Dec-20
Jan-21
Feb-21
Apr-19
Oct-19
Dec-19
Jan-19
May-19
Feb-19
Jun-19
Sep-19
Jul-19
Nov-19
Aug-20
Mar-20
Aug-19
Mar-19
-50%
Feb-20
Jun-20
Jul-20
Oct-20
Sep-20
Nov-20
Dec-20
Feb-21
Apr-20
Aug-20
Mar-20
May-20
Jan-21
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5100 Bridge Design, including “Today, all our steel products The System first entered the
Sector Innovations: SM1600 and HLP (Heavy Load remain 100% Australian made Australian market in 2017. Since
InQuik revolutionises the future of bridge design Platform) 320 and 400 loadings, with international quality then, it has rapidly gained local
as required. assurance and in compliance market share as the product’s
Steel Australia, Winter 2020 with Australian Standards,” said ease of installation and structural
With design and certification David. advantages are converting
finalised, the team moved onto customers to using it as their
manufacturing. Once again, Prototyping and gaining preferred option for new and
InQuik looked to partner with a traction replacement bridges.
local company. It was not long
before leading manufacturer The team then moved onto Logan explained how quickly
and supplier of steel reinforcing, testing. “We tested our the System has gained traction
Australian Reinforcing Company initial ideas by installing a within the market. “Our first
(ARC) got involved. According demonstration bridge on our bridge sale was part of the Snowy
Images: Snowy Monaro Shire Parsonage to David Hardy (Regional family farm,” said Bruce. “This Hyrdo 2.0 project—that was the
Creek bridge replacement is the largest project InQuik has completed to date. testing exercise was critical to
Manager NSW, ARC), “We’ve been first commercial bridge we ever
associated with InQuik right from the system’s success, as we completed. It only took 12 hours
Established by Bruce Mullaney in 2015, and run by his sons Logan and Ben, InQuik’s innovative ended up completely changing
the outset. While InQuik had to build, including pouring all the
system enables bridges of varying lengths to be built from modular components. These components the self-supporting method.
the design and IP, they needed concrete. In 2017, in our first
are manufactured in the Hunter Region and Brisbane, and can then be assembled by local to partner with a company that We had a tight timeline for the year, we built three bridges. The
tradespeople trained by InQuik. Gaining rapid momentum over the last few years, InQuik is set to could do the manufacturing for demonstration bridge, as we had year after, we built eight bridges.
oversee construction of its 70th bridge, with many more projects on the horizon. them.” planned an opening event where In last 12 to 18 months, we’ve
state and federal politicians built over 50 bridges.”
It’s little wonder ARC and InQuik would cut a ribbon. It snowed
constructsteel thanks the Australian Steel Institute for providing the information on the InQuik
were such a good fit: the two while we were pouring concrete “It’s really been quite humbling
system. This article has been reproduced in full from Steel Australia, Winter 2020. two days before the opening.”
companies share many of the to see how rapidly the System
same values. Classifying itself as has been adopted and how
A modular bridge construction product quality advantages, and our bridge journey began,” said a ‘true blue Australian company’, “Everyone who attended the revolutionary the market
methodology, the InQuik Bridge the structure has a minimum Bruce. in 1920, ARC became the first to event, including road authority perceives the idea,” said Logan.
System was invented and 100-year design life (achieved produce steel fabricated mesh engineers, highlighted that
developed by Bruce Mullaney, by using 40 mpa concrete, InQuik was keen to work with in Australia at their Sunshine site we had achieved something Increasing steel consumption
Logan Mullaney and Jim Howell in or 50 mpa in a b2 coastal other local companies from the near Melbourne. bigger than we realised, and The InQuik System includes a
2015. environment), with minimal outset. According to Logan, “We this would change the future variety of steel elements, from
to no longterm maintenance looked to team up with Australian Over the years, ARC has supplied of bridge engineering. I didn’t galvanised and zinc-alloy-coated
The system is based on a requirements. companies to get off the ground. the steel built into many of think much of it at the time, but steel, through to stainless steel
standard reinforced concrete That’s one of the reasons why, Australia’s most iconic structures, the more I refine and develop and reinforcing bar. The steel
bridge methodology, which has The maximum single span in 2015, we partnered with from the Sydney Harbour our system, the more I can see consumption is approximately
been used around the world currently offered by InQuik is SMEC —the originally state- Bridge and Opera House, and how different the system is to 70% pre-fabricated steel
for more than 100 years. It is 18.5m. however, multi-span owned company that built Snowy the MCG and Marvel Stadium conventional bridge construction, reinforcement, 25% coated steel
currently the most widely used options are available, using the Hydro.” in Melbourne, through to and the advantages it has to its product, and 5% stainless steel
bridge construction methodology InQuik headstock to build bridges Parliament House in Canberra. predecessors.” and ancillary steel elements.
in every country, especially due to with no real limit on the total SMEC undertook the engineering
advancements in pre-casting and length achievable. and certification work for the
tensioning cables. system. “Our engineers analysed
Revolutionising Bridge Design the concept behind the system
The key idea behind the InQuik As Bruce describes it, he and using advanced finite element
system is that a welded steel Jim never intentionally set out analysis programs and adjusted
reinforcing cage is connected to to revolutionise the engineering our designs to be compliant
a permanent steel formwork so and construction of bridges. “My with the relevant national bridge
that the construction load from brother in-law Jim and I were codes,” said Bruce.
the concrete is transferred to developing a new fire-rated
the internal reinforcing. thus, the highrise housing system that As a result, the InQuik Bridge
structure is fully self-supporting used concrete suspended floors. System was designed and
and concrete can be poured When we looked at the drawings, certified by SMEC to comply
on-site. This simple concept has we realised that the system could with the requirements outlined
numerous constructability and also be used as a bridge. And so in the Australian Standard AS
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The formwork is made from a metric tonnes of steel, each year, The InQuik advantage the construction load of the Logan.
coated steel product, which is left over the next five years. The benefits afforded by the concrete, this puts the bottom
in lace for the life of the bridge. InQuik System are considerable, cords into tension for both dead “The biggest differentiator with
More conventional concrete ARC has already seen an from faster and simpler loads and live loads, and the top our system is that local, low-
construction uses temporary uptick in the demand for their installation, and reduced cords are put into compression. skilled people can construct the
formwork, which is not typically reinforcing solutions. As David maintenance, through to The truss therefore takes the bridges. We’ve found that local
made from steel and is reusable. explained, “Our input has improved quality control and entire dead load of the structure councils are building our bridges
definitely increased as the InQuik workplace safety. The globally and the concrete sets and with their own staff, or The first InQuik Bridge delivered by ARC.
The use of permanent steel product has become more patented InQuik Bridge System remains in a neutral state until it contracting them out to local
formwork increases steel well-known. To begin with, we is a steel-reinforced, concrete has a live load. As the concrete residential builders or civil
consumption of the InQuik were manufacturing the InQuik bridge where the concrete cover dead load is entirely supported contractors,” said Logan.
system by approximately 25% bridges from our Newcastle is guaranteed in the factory and by the steel, this means the full
compared to conventional facility. Now, we make the bridges compressive and tensile strength Global opportunities
the concrete is fully poured on-
methods. Furthermore, in order at both our Newcastle and site. It is lightweight to install and of the concrete is retained for Bridges are an integral part of
to have sufficient steel for the our Brisbane facilities. This has there is no propping required. live loads, leading to better society and economic growth,
structure to be selfsupporting, improved our capacity, and gives For the bridge construction, performance. This considerably and will always be needed.
an additional 30% of reinforcing us a more economical reach on the components are simply reduces the concrete crack Throughout the world, there
One of ARC’s assembly teams finishes an InQuik Bridge System.
steel is required compared to the northern New South Wales placed in position on-site and width under dead loads and live is an enormous volume of
conventional methods. Additional and Queensland coast from a filled with concrete. This rapid loads, which increases the overall aging infrastructure. In the of tonnes of steel could be
reinforcing is consumed for the transportation perspective.” construction time means a bridge durability and life of the bridge. United States, there are some consumed every year in
integral InQuik bridge design and can be installed in a matter 600,000 bridges on public supplying InQuik bridges across
there are numerous stainless “The InQuik Bridge System is of days. The short installation According to Logan, “The big roads. According to InQuik, the world.
steel connectors, supports, and a really good example of how time using factory-produced, difference is that we use pre- approximately 40% of these
so on used in the concrete cover Aussie companies can be pre-engineered and certified fabricated formwork, and bridges are past their original InQuik is also investigating how
zone. successful when competing components also offers a greatly the steel is broken down into 50-year design life and roughly to apply their technology to
in the heavy manufacturing reduced construction risk. modular components. Those 10% are classed as structurally other markets. “At the moment,
These steel elements mean the space. The InQuik System was components are then deficient. The InQuik System we’re focused on roadway
InQuik Bridge System consumes invented, designed, engineered The deck panels include a transported to site and filled with addresses nearly 80% of the bridges, but we also have designs
an additional 50% more steel and manufactured, right here in reinforcing truss in the girders, concrete while in position. Some US bridge replacement market. for pedestrian crossings, rail
compared to a conventional Australia, using Australian steel. which has thick cords at the top of the big benefits afforded by It is estimated that the current crossings, as well as wharves and
bridge of this type. Based on It demonstrates true innovation and bottom, connected by steel this process are reduced crane backlog requires an investment jetties. We’re looking at expanding
InQuik’s forecasts, in Australia, and shows that, even the most webbing. As the girder is placed usage and manual handling. The of US$123 billion, and would into multi-storey high-rise
the system is likely to consume traditional materials and methods between supports, and it takes ‘place and pour’ methodology consume approximately buildings and a range of other
between 20,000 and 150,000 can be advanced,” said David. means that an InQuik bridge can 1.2 million metric tonnes of sectors,” said Logan.
be installed in two to three days, steel if built using the InQuik
over a total project timeline of System. Similarly, in Europe, ”We’re a true family-owned
Bridges destroyed by New South Wales one to two weeks.” InQuik estimates that there are Australian business. The fact
bushfires replaced ‘InQuik’ time approximately one million road that we’re family owned plays
Bridges destroyed by bushfire Around 80% of the bridge is ”Transportation is also easy. We bridges, with around 50% past a major role in how we run the
are being replaced in record concrete, which is sourced from can transport a whole bridge their design life. This means business and treat our people.
time and at a fraction of the cost the region where the bridge is
by local tradies and suppliers, being built while transporting on one truck, reducing logistics that in the coming years, some We’re definitely not about profits
thanks to InQuik’s world-first the modular sections to the considerably. One of our 12m 500,000 bridges will need to be before people. It’s all about living
LEGO-like modular system. site creates work for freight units weighs about 5 tonnes.
InQuik is currently helping local companies, and geotechnical replaced or upgraded. the dream and enjoying the ride,”
councils and workers to plan and studies and site-specific In comparison, if it was full of said Logan.
construct 14 bridges in Clarence engineering are also completed concrete, it would be closer to 35 The InQuik Bridge System is a
Valley, Eurobodalla, Oberon, by locals where possible.” Manufacture and assembly of an InQuik Bridge System.
Queanbeyan, and Shoalhaven, tonnes.” globally patented technology. InQuik took out the 2019 T.C.
with more projects likely to follow. Barilaro said work to replace InQuik’s technology could enable Graham Prize, which is awarded
destroyed bridges was ”In addition, the InQuik System
According to Deputy Premier and underway quickly, in one case governments, all across globe, to by the Association for Iron
Minister responsible for Disaster within two days of an order creates a much better quality of deliver largescale construction and Steel Technology (AIST) to
Recovery, John Barilaro, “Local being placed. “Work on two bridge because it is one single programs, with local low-skilled recognise innovative applications
contractors and council crews bridges that were on and near
are trained up to assemble the Armidale Road for Clarence mass of concrete. A lot of pre-cast labour, while keeping funds in the of iron and steel. The purpose
bridges, which means councils Valley were fast-tracked thanks bridges are comprised of smaller local community, and delivering of the contest is to encourage,
can directly engage subbies, to Ballina and Hilltops councils, elements tied together—it is not
putting larger pay packets in which asked InQuik to use the long-term infrastructure cost- generate and potentially incubate
their pockets with the added components already ordered for one monolithic structure. As a effectively. The scope and scale ideas that may lead to the
benefit of upskilling and delivering their own bridges to build the result, our bridges require little to of the international markets development of new markets for
new business to local suppliers. Clarence Valley bridge.”
Manufacture and assembly of an InQuik Bridge System.
no required maintenance,” said means that many millions steel.
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Technical trends: Pressure for the cement “sustainable construction” value to reduce one ton of CO2 (based
industry to decarbonize chain. on assumed future costs,
Laying the foundation for zero-carbon cement has increased rapidly, not CO2 prices, and abatement
Chemicals Practice, McKinsey & Co only from society but also Operational advances, such as volumes). A negative abatement
investors and governments. energy-efficiency measures, cost—such as for clinker
In fact, governments are have already largely been substitutes—implies a benefit
now increasingly asking implemented, and the to the producer rather than a
for environmental impact emissions-reduction potential reduction in cost.
assessments before deciding from alternative fuels and
whether to commit funding. As clinker substitution is limited Abatement costs indicate
public scrutiny of CO2 emissions by the decreasing availability of ranges, as the exact price of
increases, the risk remains input materials. More innovative goods depend on regional and
that cement players could be approaches, such as new future availability. For example,
“shamed” similar to oil and gas technologies and alternative as the steel and energy sectors
or mining companies in the building materials, will therefore step up their decarbonization
past. be indispensable to achieve efforts, the availability of clinker
carbon-reduction targets by substitutes such as pulverized
Companies have several 2050. That said, the most fuel ash (fly ash) and granulated
options to decarbonize cement. promising levers, in terms of slag will decrease. The same
Optimistically, McKinsey emissions-reduction potential, holds true for biomass, which
analyses show that CO2 are still in development and is likely to experience rising
emissions could be reduced by have only been piloted or demand from other industries.
75 percent by 2050 (Exhibit 2). implemented on a small scale.
However, only a small portion With the abatement costs of
(around 20 percent) will come As the development of certain levers higher than CO2
from operational advances, technologies such as carbon prices, cement manufacturers
while the remainder will need capture, use, and storage are faced with a dilemma: there
As a key component of concrete, cement is an integral part of our everyday lives. In fact, it is the to come from technological (CCUS) and carbon-cured is pressure from the public and
second-most consumed product globally after potable water, and it is used in almost everything innovation and new growth concrete could take up to ten financial investors to abate
we build—from houses and cityscapes to dikes and dams. At the same time, the cement industry horizons. Companies will years, investments should be quickly, even though there is
alone is responsible for about a quarter of all industry CO2 emissions, and it also generates the also be required to develop made as soon as possible. no economic rationale to do
most CO2 emissions per dollar of revenue (Exhibit 1). About two-thirds of those total emissions a portfolio for a new growth McKinsey abatement cost curve so. Not only do the economics
result from calcination, the chemical reaction that occurs when raw materials such as limestone horizon that leverages (Exhibit 3) estimates the costs of seem far from stellar, but
are exposed to high temperatures. opportunities across the several large-scale investments the required investment
needs to be directed toward
cost-reduction measures for
cement producers to maintain
their value share in the
broader construction industry.
Innovation will be critical to
achieving the cement industry’s
sustainability potential, with
promising avenues already
emerging. For example,
one start-up uses a lower
proportion of limestone in its
cement, which results in fewer
process and fuel emissions;
this company’s process also
locks in additional CO2, which
is added before the concrete
cures. Adding CO2 makes the
concrete stronger and reduces
the amount of cement needed.
Carbon-cured concrete could
also use CO2 captured during
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the opportunity, ceding the on investments in the current
waste-recycling business to asset footprint will remain a
local construction companies. challenge. Possible solutions
Meanwhile, in other markets, include building an abatement
traditional cement may curve, establishing different
compete with an improved scenarios, and creating a road
variety—energetically modified map that allows decisions to
cement (EMC)—which releases be triggered based on the
less carbon and requires outcomes of different scenarios.
less energy to produce. EMC
has already been used (in A twofold, systematic
combination with traditional assessment of decarbonization
cement) for a variety of projects options can provide
in Texas. transparency on existing
levers and accelerate rollout
Other opportunities lie while driving innovations
beyond cement and concrete. in collaboration with other
Alternative building materials industries or sectors. This
and other approaches will likely includes plant-specific
play an important role in the assessments and creating heat
cement production. Today’s will require more investment, decarbonization of the cement maps and abatement curves
methods could sequester as well as a shift in mindset for industry, though a great deal as well as the evaluation of
up to 5 percent of the CO2 companies that have become of uncertainty remains as to local ecosystem partnerships
produced during production, too comfortable with the status how much they will reduce with start-ups, other value-
but newer technologies could quo. Many cement players emissions. For example, CLT chain players, or governmental
sequester 25 to 30 percent. are not used to relying on is already used in a number of institutions.
Products such as carbon- partnerships, or to operating markets and has been buoyed
cured concrete, positioned in the kinds of ecosystems that by its reputation as a green To understand the shifts in
differently, could earn a are second nature in other material. Should roughly 10 value pools, cement players
“green premium,” potentially industries. With innovation percent of cement be replaced should develop a vision of the
giving companies an edge timelines of five to ten years, with CLT, carbon emissions future target portfolio and
among environmentally these companies could soon would be reduced by up to 750 business model implications to
conscious buyers—and find themselves playing catch- million tons each year (about 2 capture the value of sustainable
greater pricing power. up. percent of global emissions). building solutions. The industry
Additional new value pools will remain a local business;
On the horizon are CCUS Sustainability ultimately may include prefab and modular hence, there remains the
technologies. While frequently be the catalyst that pushes the housing, which incorporate need to build this perspective
costly and perhaps (for now) industry to seek growth via new off-site production, and micromarket by micromarket.
more suitable for making business models, partnerships, BIM. Greater transparency From there, the findings
higher-value products such as and construction approaches. means less waste and likely should be elevated and cross-
steel rather than cement, by Cement-based concrete will a reduction in the amount of cutting opportunities, such as
2050, they could more than remain the global construction cement or concrete required. sustainable concrete, should be
halve emissions. A number material of choice, but Indeed, digital technology is at prioritized.
of postcombustion carbon- “sustainable construction” value once supporting the cement
capture pilots are underway, chains are likely to emerge on industry’s decarbonization The success of such a
driven by the large cement the regional and local levels, efforts and contributing to its strategy, however, depends
players. Other companies are necessitating a reorientation of growth challenges. on leaders’ abilities to achieve
testing oxyfuel combustion, many corporate portfolios. an organization-wide mindset
a promising but expensive Companies that hope to lead change that promotes
technology that results in high In the United Kingdom, for the industry’s decarbonization rethinking the current way
concentrations of CO2 in flue example, recycled material from efforts must identify the best of working. Leaders should
gas, which in turn allows for construction and demolition path forward, pursue the right therefore consider the best
near-total carbon capture. waste is increasingly being technological advancements, ways for encouraging the
used to replace aggregates and rethink their products, entire organization in their
Ultimately, capitalizing on in concrete. Cement makers portfolios, and partnerships. decarbonization journey.
technology and innovation have been slow to seize That said, making decisions
14 15
authority and resource for the geological and geophysical inbuilt appliances, such as air
development, dissemination, modelling, geotechnical purification devices, at the
and adoption of consensus- stability, and cloud services beginning of this fiscal year. Link
Construction steel news headlines based standards for concrete
design, construction, and
for geodata management,
visibility, and collaboration. The Bouygues Construction Matériel
materials. Link company serve the world’s top (BCM) is to install sensors on
mining companies, geologists, more than 20,000 pieces of
Worn-out wind turbine blades hydrogeologists, geophysicists, equipment, in an IoT (Internet
construction market and asset bubbles, prompting tighter bankruptcy, with Dubai-listed destined for the incinerator geotechnical engineers, and civil of Things) project that aims to
regulations regulations to close loopholes in Arabtec Holding being the most will instead be used to create engineers in over 100 countries. equip the units with real-time
home transactions and contain high-profile contractor to be carbon-friendly reinforced Link remote management and
President Joe Biden provided long- illegal fund-flows into the sector. affected recently. Link concrete on Britain’s new optimisation capabilities. The
awaited details for a $2 trillion Link high-speed rail network. The Building materials giant CRH platform enables the digital
construction project will swap steel rebar, is prepared to spend big on management of an entire fleet
infrastructure plan that touches
on everything from airports to New planning rules making it materials traditionally used to reinforce acquisitions and return more and can calculate performance
highways, clean drinking water to easier to convert commercial concrete, with sections of glass cash to shareholders this year. indicators, equipment turnover
premises into homes has come The US Bureau of Labor Statistics
revamped electric grids, school fibre reinforced polymer turbine Company’s overall sales dipped and utilisation rates. Fleet
into force in the UK. A new fast price index of materials and
construction to public transit blades that have reached the 2% to $27.6 billion in 2019, but managers can also inventory the
track for extending public service components for construction
and clean energy to bolstered end of their operational lives its profit after tax rose by 18% equipment by technical base,
buildings has also been introduced was up 1.4 percent in February,
broadband deployment. The generating low carbon electricity. to $2 billion. Both Americas and worksite or number of billable
to allow for bigger extensions to seasonally adjusted. The index
plan carves out $621 billion for Link Europe Materials division saw a days. Link
existing public buildings including was 8.0 percent higher than
transportation infrastructure; decline in sales, while Building
schools, colleges, universities, and its year-earlier level, several
$689 billion for buildings and America’s first 3D-printed Products division was boosted
hospitals. Unused commercial materials, especially lumber and
utilities; and $500 billion for homes-for-sale have been put on by strong residential repair,
buildings can now become homes plywood, seeing double digit
worker training, research and the market in Austin, Texas. They maintenance and improvement
through a simpler ‘prior approval’ price increases for the year. Link
development and domestic were developed by Kansas City activity in North America,
manufacturing initiatives. Link process instead of a full planning real estate company 3Strands, offsetting lower activity levels in
application while public buildings According to the National
designed by Logan Architecture non-residential markets. Link
will be expanded more quickly Association of Home Builders,
India Ratings and Research (Ind- and built using the Vulcan
through the planning system. Link the elevated price of lumber is
Ra) revised its outlook for the technology pioneered by local A new partnership has been
adding approximately $24,000 to
construction sector outlook to 3D printing specialist Icon. Link formed to help decarbonise the
In order to tackle poor the price of a new home. Link
improving in the next financial UK’s construction industry using
year (FY2021-22) from negative productivity in its fragmented construction sector hydrogen. Hydrogen power
construction industry, the The construction materials
in FY21. Increased focus on players generation solutions firm AFC
government of Singapore will shortage has not prevented
infrastructure spending in the Energy and construction firm
require companies throughout UK construction returning to French construction and
recently announced Budget for Mace Group will co-deploy zero-
the supply chain to band together growth, but amid Brexit delays concessions giant Vinci has
FY22 where healthcare, water, emission hydrogen generators
in “alliances”, and to come up and ongoing shortages, self- agreed to acquire the energy
roads, and railways have seen to decarbonise construction sites
with joint business plans lasting builders, renovators and DIYers business of ACS, Spain’s largest
strong allocations will result in both in and outside the UK. The
at least three years showing are still being warned that delays contractor. Vinci will pay
higher order inflows to the sector. aim is to get rid of the sector’s
how these alliances will raise and disruption to projects are approximately €4.9 billion for the
Sector revenue is expected to reliance on polluting diesel
their productivity with offsite likely. The Builders Merchants business, which will include most
grow by 15 to 20 per cent year-on- generators. AFC Energy and
manufacturing and digitalisation. Federation expects average of the contracting business of
year in FY22. Link Mace will commission their first
Link construction materials prices to ACS Industrial Services, including
AFC Energy H-Power hydrogen
increase 5-10% this year, and its current EPC projects, which
Investment in real estate in China systems on site in early 2022.
State-owned Abu Dhabi Airports the recent Federation of Master are largely in the energy
jumped 38.3 percent year-on- Link
Company to has decided to Builders State of Trade Survey sector. Within the scope of the
year in the first two months of
pull contractors’ performance showed 87% of builders had acquisition, Vinci will take over
2021, reaching $215.2 billion. Japanese electronics company
guarantees for the Midfield reported rising costs. Link an identified potential 15GW of
Investments in residential was Panasonic has announced plans
terminal building project at Abu renewables projects, primarily
up 42 percent, accounting for 75 to enter Thailand’s modular
Dhabi International airport, Saudi Aramco and the American in the form of solar parks and
percent of total investments in construction housing market,
which highlights that the UAE’s Concrete Institute (ACI) will both onshore and offshore wind
real estate. Link In the meantime, citing the growing demand
construction sector is now in a launch the Centre of Excellence farms. Link
new home prices rose 4.3 percent for detached properties in
full-blown crisis. There has been for Non-metallic Building
in February from a low base last urban areas. Together with
a growing trend of international Materials (NEx), to develop and Bentley Systems has entered
year, after a 3.9 percent increase Thailand’s Steel International,
contractors exiting the market promote the use of non-metallic into an agreement with investors
in January, recording the fastest Panasonic has opened an
over the last years after materials in the construction led by Accel-KKR to acquire 3D
increase over the last five months. “Experience Centre” – a two-
sustaining financial losses, and sector. The centre will be based Modelling company Seequent
An extended surge in home storey model home showcasing
several regional heavyweights at the ACI world headquarters for US$900 in cash plus shares.
prices in recent months has its technology. Panasonic will
have teetered on the brink of in the United States. The centre New Zealand-based Seequent
raised concerns about speculative start offering homes that contain
will leverage ACI’s role as an is a leader in software for
World Steel Association Avenue de Tervueren 270 1150 Brussels Belgium T: +32 (0) 2 702 89 00 F: +32 (0) 2 702 88 99 E: steel@worldsteel.org C413 Office Building Beijing Lufthansa Center 50 Liangmaqiao Road Chaoyang District Beijing 100125 China T : +86 10 6464 6733 F : +86 10 6468 0728 E : china@worldsteel.org constructsteel.org worldsteel.org constructsteel
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