VOL NO REGD NO DA 1589

Friday, June 09, 2006

HEADLINE

POLITICS & POLICIES

METRO/COUNTRY

EDITORIAL

VIEWS & REVIEWS

LETTER TO EDITOR

COMPANIES & FINANCE

BUSINESS/FINANCE

LEISURE & ENTERTAINMENT

MARKET & COMMODITIES

SPORTS

WORLD

 

FE Specials

FE Education

FE Information Technology

CORPORATE/BUSINESS

Special on Logistics

Saturday Feature

Asia/South Asia

 

Feature

13th SAARC SUMMIT DHAKA-2005

WOMEN & ECONOMY

57th Republic Day of India

US TRADE SHOW

 

 

 

Archive

Site Search

 

HOME

Urban Property
 
MS rod price goes up
FE Report
4/26/2006
 

          Price of mild steel (MS) rod rose sharply over the last couple of weeks across the country. Market sources said the prices increased due to price-hike of scrap rod in the international market, depreciation of Taka, erratic power supply and gas supply at the re-rolling plants.
On an average the price of this vital component of building construction has increased by Tk 5000 per tonne over the period. "We are apprehending further rise of the products in the coming days," says a trader at Kawran Bazar.
Retailers said they are selling plain MS rod at Tk 44,000 per tonne against Tk 39,000 per tonne earlier.
Retailers said the prices of deformed MS rod had also recorded a sharp rise. The prices of plate bar are up - at Tk 38,500 per tonne now against Tk 37,000 per tonne earlier.
The soaring price of MS rod price is set to affect the country's construction sector and other rod-based small units.In many city areas works of under construction buildings have been stopped . some have slowed down the process. Real estate developers predicted the price hike of MS rod would also raise the prices of apartments which will affect the growth of the apartment business.
When this is the situation, it is alleged a section of manufacturers are taking advantage of the situation by producing low quality rod with low prices.

 

 
  More Headline
MS rod price goes up
UK's real estate service provider plans India foray
Dubai government consolidates real estate activities
Give me shelter: the global housing crisis — II
Dampness in homes
 

Print this page | Mail this page | Save this page | Make this page my home page

About us  |  Contact us  |  Editor's panel  |  Career opportunity | Web Mail

 

 

 

 

Copy right @ financialexpress.com