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HomeBusinessGood news for home builders: Iron rods & Cement prices have declined

Good news for home builders: Iron rods & Cement prices have declined
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Bhubaneswar/Odisha: 29th May 2022

Good news for people who are planning to build a house. Now the price of homemade materials is steadily declining. In the last few days, the price of iron rods has gone down by Rs 15,000 per ton, while the price of cement has also gone down to Rs 275 per ton.

According to reports, at present, iron rods are sold at Rs 60k per ton in factories and the retail market, it is priced selling at Rs 62k to Rs 63k per ton. As a result, the price of iron rods has dropped by more than 15%.

Traders say that there is a sign of a further decline in their prices in the coming days. However, the pace of government work in the state is slowing and the cost of importing raw materials is said to be slowing down.

In the next few days, the retail price of iron rods is expected to be less than Rs 60k per ton. Due to the skyrocketing prices of cement and iron rods, the trade-in construction materials have declined by 60 per cent in the last three months.

The condition of the industry, along with the business of construction materials, has also declined.

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