Construction steel prices climb on higher iron ore cost, tight supply


KUALA LUMPUR (Bernama) -- Inadequate supply of iron ore worldwide is among the reasons why the price of steel bars in the country’s construction sector has increased, said Construction Industry Development Board (CIDB).

Its chief executive Datuk Ir Ahmad ‘Asri Abdul Hamid said most of the iron ore mines could not operate at full capacity due to natural disasters and the pandemic.

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