{"id":91136,"date":"2023-01-03T11:18:44","date_gmt":"2023-01-03T06:18:44","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=91136"},"modified":"2023-01-03T11:18:45","modified_gmt":"2023-01-03T06:18:45","slug":"cement-prices-steel-rise-low-activity","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/cement-prices-steel-rise-low-activity.html","title":{"rendered":"Cement, steel prices rise amid low construction activity"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Islamabad: The prices of cement and steel have risen significantly in the last year leading to a slowdown of construction activities in the country, the news sources reported on January 3.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/federal-commission-islamabads-zoning-regulations.html\" target=\"_blank\" rel=\"noreferrer noopener\">Federal govt to form commission for Islamabad\u2019s zoning regulations<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As per the reports from manufacturers and distributors, there has been a steep rise of 41% in cement prices while steel prices have risen by almost 16% from December 2021 to December 2022. The overall price rise has also contributed towards a rise in construction costs and a slowdown in construction activities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As per market research, the 50-kilogram cement bag rate rose to PKR 1,043 from PKR 738 on December 30, 2021, while per tonne steel bar prices increased to PKR 224,500-225,500 from PKR 194,500-197,500 a year ago. Steel bars, which hold a 40-45% share in the total cost of construction of a <a href=\"https:\/\/www.zameen.com\/news\/steel-prices-hike-fourth-time.html\" target=\"_blank\" rel=\"noreferrer noopener\">high-rise project, <\/a>hit an all-time high at PKR 235,000 per tonne in June 2022.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/steel-prices-hike-fourth-time.html\" target=\"_blank\" rel=\"noreferrer noopener\">Steel prices hiked fourth time in a month<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Moreover, the steel manufacturers jacked steel bar prices three times in December 2022, the highest in a month. The massive rise in cement and steel bars has jacked up the construction cost of highrises and housing projects. Manufacturers and distributors have tied the price hike with the rising coal prices, power and diesel rates and general inflationary trend.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/cm-sindh-pkr-66-bn-road-reconstruction.html\" target=\"_blank\" rel=\"noreferrer noopener\">CM Sindh approves PKR 66 bn for road reconstruction post-flood<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Similarly, as per the news report, cement exports have also decreased due to the winter season and post-flood situation, and construction activities have been affected. Local cement sales in December may fall by 13-17% year-on-year and 9-13% month-on-month.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It is important to note that the recent higher-than-normal FOREX exchange rates and the <a href=\"https:\/\/www.zameen.com\/news\/steel-prices-hike-fourth-time.html\" target=\"_blank\" rel=\"noreferrer noopener\">rising raw material cost<\/a> have impacted the construction sector and slowed down growth in one of the largest sectors of the economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The prices of cement and steel have risen significantly in the last year leading to a slowdown of construction activities in the country, the news sources reported on January 3. Read: Federal govt to form commission for Islamabad\u2019s zoning regulations As per the reports from manufacturers and distributors, there has been a steep rise of 41% in cement prices while steel prices have risen by almost 16% from December 2021 to December 2022. The overall price rise has also contributed towards a rise in construction costs and a slowdown in construction activities. As per market research, the 50-kilogram cement bag rate rose to PKR 1,043 from PKR 738 on December 30, 2021, while per tonne steel bar prices increased to PKR 224,500-225,500 from PKR 194,500-197,500 a year ago. Steel bars, which hold a 40-45% share in the total cost of construction of a high-rise project, hit an all-time high at PKR 235,000 per tonne in June 2022. Read: Steel prices hiked fourth time in a month Moreover, the steel manufacturers jacked steel bar prices three times in December 2022, the highest in a month. The massive rise in cement and steel bars has jacked up the construction cost of&hellip;<\/p>\n","protected":false},"author":84,"featured_media":61117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15013],"tags":[55734,55735,51458],"persona":[],"class_list":["post-91136","post","type-post","status-publish","format-standard","has-post-thumbnail","category-construction","tag-cemenet-prices","tag-construction-industry-raw-material","tag-steel-prices","cat-15013-id"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cement, steel prices rise amid low construction- Zameen News<\/title>\n<meta name=\"description\" content=\"there has been a steep rise of 41% in cement prices, while steel prices have risen by almost 16% from December 2021 to December 2022.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/cement-prices-steel-rise-low-activity.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cement, steel prices rise amid low construction- Zameen News\" \/>\n<meta property=\"og:description\" content=\"there has been a steep rise of 41% in cement prices, while steel prices have risen by almost 16% from December 2021 to December 2022.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/cement-prices-steel-rise-low-activity.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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