Price of rebar rises by JD50–70 per tonne

AMMAN — The price of iron rods used for reinforcement in construction has risen locally over the past few days, Amman Chamber of Industry member Mohammad Al-Rabah said, according to Al-Mamlaka TV.اضافة اعلان

Rabah said on Sunday that rebar prices have recently risen from JD50 to JD70 per tonne, up from JD550 to JD610 or JD630 per tonne.

Representative of the construction sector at the Jordan Chamber of Commerce Jamal Abdel Mawla said that the rise in steel price is due to “the increase in demand and the rise in scrap prices locally”.

He said that Jordan “in the past six months has relied on local scrap instead of imports, because of the high cost of import”.


Read more Business
Jordan News