Connect with us

Business

Iron bars to go up (again), ‘huge consequences’ for importers, construction

Published

on

The prices of Iron bars used mainly for construction is expected to go up, once again.

Higher costs of freight are expected as from this month, from $500 to $900.

Mahen Gowressoo, Director of the Samlo Koyenco Steel company, has been quoted as telling the local press that the hikes will have “huge consequences” on small importers of iron.

He fears that, at this trend, the business “might no longer be profitable.”

Bookmark(0)

No account yet? Register

Spread the News
The information and opinions expressed in our published works are those of authors/sources believed to be reliable. NewsMoris makes no representations as to accuracy, completeness, suitability, or validity of any information expressed.
Click to comment

Leave a Reply

Your email address will not be published.

The information and opinions expressed in our published works are those of authors/sources believed to be reliable. NewsMoris makes no representations as to accuracy, completeness, suitability, or validity of any information expressed.

Can you support?

Dear Reader,

NewsMoris is a media service that is dependent on support from its readers in the form of subscriptions.

As a startup that was born in and faring through challenging times like these, we need your support now more than ever.

Subscribing for as little as USD10/month is the best way you can support our efforts.

Thank you.