PROJECT PIPELINE In April 2026, the government announced


measures to strengthen tariffs on imported steel, aluminium and copper, with the revised tariff structure imposing duties of up to 50% on certain steel, aluminium and copper products. As these tariffs are applied to the full customs value of imported goods, they are significantly increasing input costs for manufacturers, particularly those heavily reliant on imported metals. This has been especially significant for sectors such as automotive, appliances, machinery and electrical equipment, as well as construction product manufacturers, and comes at a time when domestic demand for industrial raw materials is already high. For instance, according to the White House,


US steel capacity utilisation increased from around 72.3% in 2017 to 77.2% in April 2026,


while aluminium utilisation rose from 39% to 50.4%. Despite this demand, higher raw material prices may compress profit margins, delay capital investments and increase prices for finished goods as well as construction materials across the US market. In February 2026, the government announced a baseline tariff of 10% with a deadline of July 2026, which may be further increased to 15%. These prolonged tariffs, which have been continuing since early 2025, could further weaken US manufacturing competitiveness globally, particularly for sectors dependent on complex international supply chains. Aside from the impact of tariffs, the weakening


labour market is also exerting a negative influence on the industrial construction sector.


LS GreenLink starts construction on the manufacturing facility


Domestic manufacturer, LS GreenLink, in April 2026, commenced construction work on a manufacturing project in Chesapeake. This project is being constructed in phases, with a total cost of $681m. It involves the construction of a manufacturing plant to produce advanced high-voltage direct current (HVDC) submarine cable over an area of 69,677.3m2


. This project is expected to be operational by the first quarter of 2028.


According to preliminary estimates released by the US Bureau of Labor Statistics (BLS), average manufacturing employment declined marginally


Industrial construction output by project type (real, $ million), 2021–30


180,000 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0


 Chemical and pharmaceutical plants  Manufacturing plants  Metal and material production and processing plants  Waste processing plants Source: GlobalData


Industrial construction project type (real % change), 2021–30 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030


Chemical and pharmaceutical plants Manufacturing plants


Metal and material production and processing plants Waste processing plants Total


Source: GlobalData Industrial construction projects pipeline, value by stage ($ million)


0.1 0.1 0.2 0.1 0.1


27.9 32.1 7.0 7.4 -6.9


27.9 71.4 19.3 -6.9 27.9 43.4


28.0 40.2 -5.5


-6.9 -6.9


27.9 55.2 14.1 -6.9


-8.2 -5.2


-19.4 0.3 -3.8


-15.9 13.5 -8.1


-2.3


-0.3 -2.7


1.7 -4.7


-0.9 21 12.3 5.4


4.2 -1.4 -0.7 0.6


-3.7 7.2 4.4


-0.9


0 Source: GlobalData 64 Fall 2026 | ochmagazine.com


500,000


1,000,000  Pre-planning  Planning  Pre-execution  Execution


1,500,000


2021


2022


2023


2024


2025


2026


2027


2028


2029


2030


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