- The steel market increased by 8.9% over the first quarter 2022. Input costs were up, and supply limitations contributed to rising steel prices.
- The subsea market increased by 3.1% over first quarter 2022. High inflation and rising raw material prices accounted for a significant portion of the subsea market escalation.
- The logistics index gained 1% q/q but is expected to end the year up by 8%. Supply chain disruptions, particularly in trucking, will push the index higher through the year.
For further details see:
Upstream Costs Continue Unabated Rise For The Fifth Quarter Straight