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Tariff Hike on Steel Could Raise Construction Costs

3/23/2026

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Story summary
  • Mark Reynolds, chair of Mace, warns that doubling tariffs on foreign steel imports would worsen construction cost pressures.
  • The tariffs aim to protect domestic steelmakers but could raise costs for infrastructure projects, including HS2.
  • Former Tilbury Douglas boss Paul Gandy echoes concerns, saying the tariffs hurt public sector projects.
  • The government will review the policy after a year to assess its impact on the construction sector.