Cielo Vista

Price of Steel Rods Stabilizes

March 12, 2004

THE price of steel rods (varillas) used for construction has stabilized since a large shipment of steel entered the country two weeks ago, according to the Ministry of Economy, Industry and Commerce.

In recent months, the construction of massive public works and industrial projects in China has sparked a worldwide shortage of steel and a sharp increase in the product’s international price.

The shortage directly affected Costa Rica, where, on average, the price of steel rods increased 10.95% during January. The most dramatic increase was to the price of 3/8-inch rods – the most commonly used type – which increased by 27%. The increase resulted in a nearly 30% drop in construction in Costa Rica during January (TT, Feb. 27).

The new shipment succeeded in stabilizing rod prices here but has done little to reduce them, according to Ministry statistics.

 

Facebook Comments

You may be interested

Ballet Festival 2019 part of Costa Rica’s flourishing dance scene
Arts & Culture
39 views
Arts & Culture
39 views

Ballet Festival 2019 part of Costa Rica’s flourishing dance scene

Jacob Spetzler - May 24, 2019

A convergence of international ballet classes, performances and meetings manifests this week in the form of the Costa Rican Festival…

Tico wins gold medal at Para Athletics Grand Prix
Costa Rica
17 views
Costa Rica
17 views

Tico wins gold medal at Para Athletics Grand Prix

Alejandro Zúñiga - May 24, 2019

When Sherman Güity lost part of his left leg after a traffic accident in 2017, he pledged to return to…

USNS Comfort mission to stop in Costa Rica this year
Costa Rica
34 views
Costa Rica
34 views

USNS Comfort mission to stop in Costa Rica this year

Alejandro Zúñiga - May 24, 2019

Costa Rica will receive the USNS Comfort, a United States Navy hospital ship, as part of the vessel's five-month medical…

Do NOT follow this link or you will be banned from the site!