[사진 출처 = 연합뉴스]
As the government raised industrial electricity rates, an emergency light was turned on in the construction industry. This is because large-scale electricity is required to produce steel and cement, which are representative construction materials. As the adjustment of atomic ash prices becomes inevitable, there is a greater possibility that it will lead to an increase in apartment sales prices.
According to the construction industry on the 11th, the Ministry of Trade, Industry and Energy and the Korea Electric Power Corporation decided to raise industrial electricity rates by an average of 10.6 won per kilowatt hour (kWh) starting from the 9th. Depending on the type of industry and facility size, high pressure A for industrial use will be increased by 6.7 won per kWh, and high pressure B and high pressure C will be increased by 13.5 won per kWh.
As of last year, the number of workplaces using electricity for industrial purposes was approximately 42,000. Although this is only 0.2% of all users, the amount of electricity used is 267,719 gigawatt hours (GWh). This amounts to 48.9% of the total usage (547,933GWh).
Typically, the steel industry estimates that if the electricity price increases by 1 won per kWh, the annual cost burden will increase by 20 billion won. A simple calculation using this increase predicts that an additional cost of 212 billion won will be incurred per year.
Previously, industrial electricity rates rose twice this year, in January (13.1 won per kWh) and May (8 won per kWh). Last year, rates were raised three times. This means that the burden of additional costs on companies has continued to expand.
Cement companies such as Ssangyong C&E, Halla Cement, Sampyo Cement, Hanil Cement, Sungshin Cement, and Asia Cement also increased their factory prices by more than 6% starting this month. Looking at cement manufacturing costs, bituminous coal and electricity costs account for a significant portion. Moreover, the cement industry is expected to face increased concerns as it falls under High Voltage B, which has the largest increase in electricity rates in this increase.
[사진 출처 = 연합뉴스]
There is a growing possibility that it will become difficult for construction companies to manage their profitability. In a situation where the construction industry is under pressure due to the global economic crisis and geopolitical risks, if the price of construction materials rises, it has no choice but to reflect it in the construction cost, resulting in a chain effect that ultimately leads to an increase in pre-sale prices.
The construction cost index compiled by the Korea Institute of Civil Engineering and Building Technology was 153.67 (provisional value) as of September, up 28.2% from 119.87 three years ago. Apartment prices also rose. In fact, if you refer to the nationwide private apartment sales price data from the Housing and Urban Guarantee Corporation (HUG), the sales price per pyeong (3.3㎡) as of the end of September was found to be 16.57 million won. It soared 11.5% compared to the same period last year (14.86 million won).
An official from a large construction company said, “Concerns about the profitability of the housing business are bound to increase,” adding, “First of all, we will take a conservative approach to new orders and choose ways to reduce supply, and in maintenance project complexes, there will be conflicts between unions and construction companies over construction costs. “It could escalate,” he predicted.
A real estate industry official said, “I am worried that the market may become difficult due to disruptions not only in new sales but also in existing sales plans,” and added, “There are many negative factors affecting construction costs, such as the Russo-Russian War and the Yi-Pal War, and rising electricity rates. “We plan to look at the change trend,” he said.
2023-11-11 12:46:20
#Cement #steel #prices #rise #due #increase #industrial #electricity #rates.. #construction #industry #extremely #nervous
