Developers sound alarm on steel costs | Bangkok Post: business

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Developers sound alarm on steel costs

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Small and medium-sized property developers will ask the military regime to help control steel prices after the local cost of structural steel jumped with the imposition of higher tariffs. 

A worker moves steel rods at a Bangkok construction site. Developers are concerned about rising steel prices after tariffs were raised in late May. PATIPAT JANTHONG

"The domestic price continues to climb after this safeguard measure was announced on May 22," said Nithi Takviriyanun, managing director of Sarn Sing Dee Co, a Nakhon Ratchasima-based housing developer.

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