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.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , steel , shortage

   

Next In Business News

Industrial projects look increasingly attractive
Dutch Lady’s balancing act amid escalating costs
Demand for co-working space remains resilient
Fed dampens hopes for rate cut
F&N to use cost management measures
Changing office space requirements
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read