Industry News

Building materials cost index continues to rise in March 2022 - DOSM

Views : 185
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.
Related News
Read More >>
Ball Corporation confirms US aluminium tariff impact on its Q1 2025 net earnings despite improved shipments Ball Corporation confirms US aluminium tariff impact on its Q1 2025 net earnings despite improved shipments
May .08.2025
Ball Corporation confirms US aluminium tariff impact on its Q1 2025 net earnings despite improved shipments
India proposes tariff reductions on US imports India proposes tariff reductions on US imports
May .08.2025
India proposes tariff reductions on US imports
ArcelorMittal & WOLF GmbH partner for low carbon-emissions steel in HVAC industry ArcelorMittal & WOLF GmbH partner for low carbon-emissions steel in HVAC industry
May .08.2025
ArcelorMittal & WOLF GmbH partner for low carbon-emissions steel in HVAC industry
India issues new quality control order on 17 categories of aluminum products India issues new quality control order on 17 categories of aluminum products
May .08.2025
India issues new quality control order on 17 categories of aluminum products