Construction costs are currently skyrocketing

Not true ... steel price Hot-Rolled Coil Steel as of 04.04.22 at €1,350 (still very expensive, but not at €2,000). Source: CME Group - via Preistrend.net.

This is a) a future (and not a spot!) and b) only valid for delivery from US Midwest, transport capacities are currently ..difficult and: expensive:rolleyes: If you need rolled steel or round bars (for construction mats) directly in Europe, this only helps you indirectly if you buy from wholesalers.

Anyone who has to buy steel in Germany, such as a machine builder, pays 2000 euros per ton.

I didn't make this up, the email came this morning from a supplier regarding another price increase.
I now receive such emails several times a day and the jumps in price adjustments or the surcharges for inflation are getting more severe daily.
Thick plates, that is more than 20 mm material thickness, are supposedly no longer available. No future price is of any interest there at all.

The price of a chip in the automotive sector has also increased from 2 to 100 euros within 2 years.

What we are currently seeing in the metal processing industry will also affect the construction industry. Energy-intensive companies like brick, Poroton, or insulation manufacturers will simply stop production due to the exorbitant energy prices. Construction timber will also become unaffordable.
Who is supposed to dry it cost-effectively anymore?

When I see the ovens steaming at Pollmeier in Creuzburg, you can imagine how much gas is being burned there. But someone still has to be able to pay for it.

This is a) a future (and not a spot!) and b) only applies for delivery from the US Midwest, transport capacities are currently ..difficult and: expensive :rolleyes:

Whereas a future (for the correct region) certainly has significance. It indicates what is expected at a certain point in time

A future (for the right region) does have significance. It indicates what is expected at a certain point in time

Agreed, but the trend also matters. The overhead for the final end consumer price is assumed constant by you. But even the latter point is increasingly questionable since the "overhead" in the form of transport and further processing/refinement faces sharply rising energy prices and partly also problems with availability and logistics.

What one might suspect, prices for existing properties will continue to rise. New construction projects are being canceled. The scarcity of available properties is progressing.

Rising interest rates could slow the market, but they are politically undesired. Incomes are also likely to be significantly burdened due to the generally higher cost of living.

Forecasts are difficult despite everything.