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​Conflict in Ukraine set to see spike in materials costs, products group warns

By 2022-02-25T16:55:00

gas

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Gas price increases likely to be passed on to customers, EIUG says

Manufacturers of energy-intensive building products have warned of price increases in materials such as steel and bricks following Russia’s decision to invade Ukraine.

Richard Leese, chair of the Energy Intensive Users Group (EIUG), said further gas price volatility from the conflict is the “last thing manufacturers need” coming off the back of a 60% increase in wholesale gas prices in the six months to November.

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