Building materials cost index continues to rise in March 2022 - DOSM
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Update time : 2022-04-08 19:15:44
KUALA LUMPUR, April 8 (Bernama) - The Building Materials Cost Index (BCI), without steel bars and with steel bars, continued to increase in March 2022, in line with the increase in the price of most of the building materials, said the Department of Statistics Malaysia (DOSM). Chief statistician Malaysia Datuk Seri Mod Uzir Mahidin said almost all building materials, such as cement, steel, sand, bricks, roofing and ceiling materials, increased in March 2022
"The hike in steel price, for instance, was attributed to the incline in cost of raw materials for steel producer countries. The steel prices also went up due to the Russia-Ukraine war, as these two countries are among the largest steel producers in the world. This has caused a global supply chain disruption" the department said in its Index For Building And Structural Works, March 2022 report today.
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