The ENR 20-city average yearly price for steel rose 11.2% by the end of 2024, while the overall Materials Cost Index experienced an increase of 3%. Both skilled and common labor saw a modest gain.

KUALA LUMPUR: "The Building Materials Cost Index (BCI) (without steel bars and with steel bars) has showed an increase of the entire building category, with an increase between 0.3 and 3.1 per ...