German construction industry – bitumen and steel more expensive – economy

According to industry sources, road construction and other construction projects are becoming more expensive as a result of the Russian sanctions. The Central Association of the German Construction Industry has already announced that bitumen for asphalt and steel have to be paid more for. Since important refineries are dependent on Russia, a third of the bitumen supply could fail. 30 percent of the steel used in Germany comes from Russia, Ukraine and Belarus, including raw materials such as nickel and titanium. Member companies received only a few offers for steel mesh, beams, steel bars and sheets. Pipes and aluminum products are also affected.

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