Construction cost goes up amid cement, steel price hike

The local cement prices have been hiked by Rs30 per bag (50kg) in the South region i.e Sindh and Balochistan province, it was learnt. As per the latest Pakistan Bureau of Statistics (PBS) numbers, prices in the South region averaged Rs765 per bag prior to the hike and will settle at Rs795 per bag effective on Monday.

Meanwhile, flat steel manufacturers have also raised prices by Rs3,000 per ton.

With the latest hike, the rate of CRC (Cold rolled steel) and Galvanised steel coils will be Rs208,500 per ton and Rs215,850 per ton, respectively. “This is the second hike in the month of February 21 following a PKR 3k/ton price jump on February 10,” sources familiar with the matter informed Business Recorder.