Industry News

Building material cost index up in April, in tandem with higher steel prices

Views : 154
Update time : 2022-05-11 19:07:11

The Building Material Cost Index (BCI) without steel bars and with steel bars has increased for all building categories between 0.1 and 3.6 per cent in April 2022 with Peninsular Malaysia between 0.6 and 3.4 per cent, Sabah between 0.1 and 2.4 per cent and Sarawak between 0.8 and 3.6 per cent, said the Department of Statistics Malaysia (DoSM).

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said BCI without steel bars for all regions in Peninsular Malaysia increased between 0.9 and 3.4 per cent for almost all building categories. 

“The building category with the highest increase was two- to four-storey reinforced concrete (RC) building (flat roof) in Terengganu and Kelantan. 

“The BCI without steel bars in Sabah and Sarawak increased between 0.3 and 3.6 per cent for almost all categories of building,” he said in a statement in conjunction with the department’s Building and Structural Works April 2022 report released today.

Mohd Uzir said building categories with the highest increase in Sabah and Sarawak were single storey steel frame (tower only) in Kota Kinabalu and timber building in Kuching.

Related News
Read More >>
US aluminium trade trends down with imports dampened by 12% in February 2025 US aluminium trade trends down with imports dampened by 12% in February 2025
May .09.2025
US aluminium trade trends down with imports dampened by 12% in February 2025
Geneva to host the world’s most expensive conversation between China and US Geneva to host the world’s most expensive conversation between China and US
May .09.2025
Geneva to host the world’s most expensive conversation between China and US
Expectations of weakening market demand grow stronger, with short-term domestic aluminium prices expected to fluctuate considerably Expectations of weakening market demand grow stronger, with short-term domestic aluminium prices expected to fluctuate considerably
May .09.2025
Expectations of weakening market demand grow stronger, with short-term domestic aluminium prices expected to fluctuate considerably
India launches aluminium recycling portal amid circular economy push and global trade shifts India launches aluminium recycling portal amid circular economy push and global trade shifts
May .09.2025
India launches aluminium recycling portal amid circular economy push and global trade shifts