Lahore: The price of steel bars have decreased considerably following the crackdown on iron scrap smuggling and the devaluation of the dollar, as reported in news published on October 13.
It’s worth noting that steel bar prices have declined by PKR 50,000 per tonne, reducing the price per ton to PKR 240,000 from PKR 290,000. Traders believe that lower production costs may lead to reduced prices for ordinary consumers. However, they also expressed concerns that consumers have yet to experience significant relief, especially considering the rising costs of electricity and gas bills.
It is important to mention that the cost of construction materials has surged significantly across the country this year, pushing the construction industry to the brink of collapse. Prices of essential construction materials like gravel, bricks, and cement have also soared.
Hazafa reveres the art of writing and has been turned into a property enthusiast by profession. Her daily survival kit includes; tea, coffee, keyboard and paperbacks.
