“This skills shortage is likely to boost wages further, even for entry level trades,” the researchers said. “Additionally, with Congress advancing the Biden administration’s $1 trillion infrastructure bill, competition for the limited workforce is set to intensify.”
Rising steel demand has led to higher iron ore prices. Prices for other pipeline construction materials, such as valves and flanges, also have spiked. For example, the price index in the United States for pipeline flanges and valves “has grown by more than 30% since early 2020,” the Rystad researchers noted.
S&P500 | |||
---|---|---|---|
VIX | |||
Eurostoxx50 | |||
FTSE100 | |||
Nikkei 225 | |||
TNX (UST10y) | |||
EURUSD | |||
GBPUSD | |||
USDJPY | |||
BTCUSD | |||
Gold spot | |||
Brent | |||
Copper |
- Top 50 publishers (last 24 hours)