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The price of rebar, one of the main building materials in the country’s market, has risen at an unusual rate. The price of this product, which has risen gradually, has now reached the highest level after One-Eleven. In addition to rebars, the price of cement, another necessary material for construction, is also skyrocketing.
According to information provided by the capital’s retailers, the price of a ton of good quality rebar (above 60 degrees) has risen to Rs 60,000 amid uncertainty across the country during One-Eleven (after January 2006). This is the highest price of cane in the country market so far. Recently, the price of cane has risen and has reached a level close to that moment. A ton of good quality rebar now retails for Rs 60,000 to Rs 75,000.
Retailers say the coronavirus (Covid-19) epidemic has caused a construction stall. However, the sale of rebar has increased over the months. With the increase in demand, the price of the rod has also increased.
Cane makers say that most of the raw material produced in the domestic market has to be imported from abroad. The prices of the raw materials of the rod have increased in the international market. There is even a shortage of raw materials compared to the demand. Rod prices have risen mainly due to rising raw material prices.
Meanwhile, along with rebar, cement prices have also risen in the last week. The price of cement has risen from Rs 10 to Rs 50 per bag, according to the company. Retailers fear that cement prices could rise further in the future. And cement producers say rising raw materials and ship rates are one reason for the rise in cement prices. This is one of the reasons for the increase in demand.
Tias, owner of Islam & Brothers on Nawab Yusuf Road in Old Dhaka, said: “We had no sales for a few months at the beginning of Corona. However, it has been selling well for two to three months. Along with the increase in sales, the price of cane has also risen. The price of the rebar of all companies has increased from 5,000 to 6,000 taka per ton.
Tanu, the owner of Pupul Steel Corporation, provided similar information about the rebar price increase. He said: ‘The price of the rod has been increasing since last October. Sometimes the price was a little lower. But due to increased demand, the price of cane has risen again for a month.
Sanjay Chowdhury, owner of Metro Traders, said: “We are in a very bad situation in Corona. Sometimes there have been good deals. However, due to the increase in the price of the rod, the business has declined again. Most of the time, store workers spend their time lazily, as there are no buyers.
He added: ‘I have been doing business here for a long time. At the time of One-Eleven, the price of a ton of cane rose to Rs 60,000. Excluding the One-Eleven era, now the highest price of cane on the market in the country. Rod has never sold for such a high price, except during the One-Eleven era.
Sanjay Chowdhury said: “There was a time when we had a very busy cane business here. That image changes day by day. Previously, there were about three hundred cane shops here. Now they are at least one hundred and a half. It is doubtful that these stores will face the business situation.
Rampura Manager Messrs. Mamun Trading Corporation on rising cement prices. Babul said: “In the last week, the price of cement has increased from Rs 10 to Rs 50 per bag. At present, a sack of cement sells for 400-450 rupees. According to information provided by the people at the cement company, the price of cement can go up another Rs 10-20 per bag in a day or two.
When asked about the increase in cement prices, Aramit Cement Company Secretary Syed Kamruzzaman told Jago News: “One of the main reasons for the increase in cement prices is the increase in cement prices. raw materials”. The price of cement raw material has risen on the world market. With this, the ship rate has also increased. For these reasons, the price of cement has now risen.
He said: ‘Usually when it doesn’t rain, the construction work is more. This also increases the demand for cement. As such, there is now a good demand for cement in the market. However, this increase in demand has nothing to do with the price increase. The price of cement has risen mainly due to higher rates for raw materials and ships.
The Secretary of the MI Cement Company was contacted to find out about the increase in cement prices. With Mazharul Islam. “Cement prices have gone up,” he said. However, I don’t know what the reason for the increase is.
Shekhar Ranjan Kar, company secretary, BSRM Steel, told Jago News that the only reason for the rise in rebar prices was the rise in prices of raw materials on the world market. Corona has a kind of negative effect on the supply of raw material to the rod. However, its impact remains. There is a shortage of goods compared to the demand for raw materials in the market.
Mohammad Moin Uddin, company secretary at RSRM Steel, told Jago News: “The price of rebar goes up one point in December. Although it has dropped a bit at times, the price has risen again for a week. There are many reasons behind the increase in the price of a product, now there are many reasons behind the increase in the price of cane. However, the main reason for the increase in the price of the rod is the notch (raw material of the rod).
He added: “As the price of the step rises, the price of cane rises. Due to the crown, the supply of steps around the world stopped for a long time. The pass was not found that way because it was closed. Even those who sell the steps themselves have bought the steps on the international market. That is why the price of one step of 25-26 lakhs becomes 40-45 lakhs. The price of cane has risen due to the increase in the price of the notch.
When asked if demand has had any effect on rising rebar prices, Moin Uddin said that “there may be an effect behind rising rebar prices.” But that’s not a great reason. Because before it didn’t work in the rain, but now that image has changed. Construction takes place throughout the year within the country, only during heavy rains can the works be stopped. Even then, the demand for reeds is a bit higher in the dry season. Now there is a good demand for such rods.
MAS / MSH / HA / MS
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