Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]

Price Hike of Steel Hits Construction Industries

  1 min 42 sec to read
Price Hike of Steel Hits Construction Industries
Notice (8): Undefined index: caption [APP/View/Articles/view.ctp, line 241]

March 29: The sharp price hike of construction materials like steel has severely affected the construction industries and projects of the nation. Since the prices of iron and steel are not volatile like gold and copper, the daily rise in the prices of steel and iron is not normal, said Mohan Katuwal, president of Federation of Grill and Steel Fabricators of Nepal, amid a press conference held in Kathmandu on Wednesday, March 28.

According to a press statement issued by the federation, it is the first time that the prices of steel and iron have reached to such an extent.

“The price of a zinc plate has soared up by Rs 1,500. A zinc plate which used to cost Rs 2,900 four months ago has jumped to Rs 4,400 at present. Just two days ago, its price was Rs 4,200,”said Katuwal.

He claimed that the prices of construction materials have increased in Nepal much more than the price rise in the international market. Though the ‘artificial’ price hike is adversely affecting all the construction projects in general, steel and grill industries, earthquake victims as well as the customers have been suffering the most. Despite the price hike, none of the concerned authorities have taken any measures to control the price hike.

Katuwal appealed all steel manufacturers to maintain professional ethics for operating fair, transparent and healthy business. The federation also drew the attention of the government to control the artificial price hike and to create proper environment for running business considering the welfare of the customers. The federation also urged every customer to develop a culture of seeking the reason of price hike.

The federation is preparing to submit a memorandum to the local administration, minister for industry,  commerce and supply and the prime minister with three-point demand. The demands includes publishing the reasons of price increment in national newspapers, rolling back the price hike and to making available of quality materials with ease.

 

Deprecated (16384): Using key `action` is deprecated, use `url` directly instead. [CORE/Cake/View/Helper/FormHelper.php, line 383]
No comments yet. Be the first one to comment.