Construction-used iron shortage leads to higher price

As construction-used iron supply has been low, price has been good and it is expected the sale will be active in next months, according to construction materials shops. Before the monsoon, the sale of construction-used hollow irons is expected to be bigger and currently, prices have risen due to supply shortage.
“At present, hollow iron prices have climbed up as the supply has been low. The supply has been short in the market. Even manufacturing companies have opened higher prices so we have to resell it correspondingly. The sale has been good. In April, May and June, building repairs such as repair roofs are usually done before monsoon. And in the monsoon, marble flooring and interior polishing are made. Iron sale is usually good this period only. The sale is expected to increase more in about next two months, and will decline back slightly in the monsoon. The iron sale is usually slow in monsoon,” said an official from a hollow iron wholesale shop in Dagon Myothit (South)Township. The supply of irons has currently been short but they have continued operating their business depending on the situation.
“I’m not sure about big construction projects but small construction projects have been operating regularly and they haven’t stopped,” a businessman told GNLM. — Thit Taw/ZS/ED