Developers grapple with hike in steel price

Rapid rise: A file picture shows steel bars at a cooling bed. The price of steel is about RM2,800 per tonne now compared with RM1,950 three weeks ago..

Infrastructure and affordable home project may be affected

MORE than 50% of the jobs currently being tendered out to some 117 members of Penang Master Builders and Building Materials Dealers Association (PMBBDMA) are likely to be delayed due to steel bar shortage and rapid rise in steel prices.