Malaysia's Steel Prices Soar, Profits Are Squeezed, Building Materials Rise 3 Times In 3 Months

Three times within three months, the price of hardware and building materials began to increase again this month, reducing the profit margins of local small contractors and decorators. Zheng Zhenming, the chairman of the Pahang Hardware Machinery Merchants Association, pointed out in an interview that since last year, the price of building materials has been rising. Today, the price of steel and other building materials has almost doubled. For example, the price of steel has increased from more than 2,000 ringgits per ton last year. , Soaring to more than 3,000 ringgit a ton, a rise of nearly 50%.