UNB
The price of rods, the main input material in construction, has gone up by around 20 percent in a year in the local market, raising costs in the construction and real estate industry. Rods or rebar is the steel bar or mesh of steel wires used as a tension device in reinforced concrete and reinforced masonry structures to strengthen construction.
and keep them standing.
Rebar millers said the price has gone up for various costs, including import costs, such as the price of inputs of their own, the strong US dollar, higher transport costs and congestion at the ports.
According to the Trading Corporation of Bangladesh (TCB), the price of 60-grade rod increased by around 18 percent, while the price of 40-grade increased by around 17 percent compared to the last year’s.