Iron Prices Increased by PKR 7000 Rupees Per Ton.
Pakistan’s Construction Sector Feels the Heat: Iron Soars, Cement Slips
Steel prices in Pakistan are on fire, skyrocketing 7,000 rupees per ton in a fresh blow to the construction industry.
This latest hike, following a 5,000 rupee jump in October, pushes the cost of a ton to a record 270,000 rupees. Experts blame rising raw material costs and potential supply chain disruptions for the price surge.
But while steel sizzles, cement takes a dip.
In the north of the country, average retail prices per bag have cooled by 0.84%, settling at 1,246 rupees. This dynamic presents both challenges and opportunities:
- For builders: Steel price hikes will bite into project budgets, demanding careful cost adjustments.
- For potential builders: The slight cement drop could be a silver lining, offering a potential cost advantage for near-term construction plans.
It’s a tale of two materials in Pakistan’s construction sector.
While steel burns hot, cement takes a cool turn. Navigating this volatile market will be key for businesses to weather the storm and seize any opportunities that emerge.
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