Hike in building material prices cause for worry

Steel prices have increased since last year, putting additional pressure on the building industry. — Filepic

CONSTRUCTION companies are appealing to the Federal Government to immediately address the hike in prices of building materials, especially steel.

Johor Master Builders Association (JMBA) president Tee See Kim said the price of steel had increased from RM3,100 per tonne in the third quarter of last year to RM3,500 to date.