Camacol rechaza decreto que busca subir aranceles al acero: “una decisión inconveniente para la vivienda social”

TL;DR

Camacol President Guillermo Herrera warns that a 35% tariff increase on steel would be detrimental to the housing sector.
Steel accounts for 15% of total construction costs, and the tariff hike could increase direct costs by up to 3.6%.
The overall impact of increased tariffs on various inputs could lead to a nearly 6% rise in construction costs.
Higher construction costs would translate to increased housing prices for consumers, especially affecting regulated affordable housing.
This could lead to project cancellations and reduced housing supply, hindering economic recovery and employment.
Herrera argues that raising steel tariffs would be a blow to reactivation efforts.

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