Hello everyone.

Current costs of the above items are crazy.

Are the costs likely to come down in the nearest future? We purchased iron rods for 202k as at May this year. Now they are going for nothing less than 260k per ton.

Cement has also gone from 2550 to 3700 per bag.

Will the prices come down or are these prices here to stay? Industry experts or those in the know, please respond.

Awaiting your response.

Price of cement in particular is not expected to come down in Lagos especially over the holidays and till next year.

This is a personal opinion from what I've seen and observed this week alone, work is not stopping and the demands are still over the roof.

But you're likely building outside Lagos from the prices you quoted, so check whats happening around you.
If you're waiting for prices to come down then you may have to wait till January, which isn't even guaranteed.

ChevyHeavy:
Hello everyone.

Current costs of the above items are crazy.

Are the costs likely to come down in the nearest future? We purchased iron rods for 202k as at May this year. Now they are going for nothing less than 260k per ton.

Cement has also gone from 2550 to 3700 per bag.

Will the prices come down or are these prices here to stay? Industry experts or those in the know, please respond.

Awaiting your response.

megacontrol:
Price of cement in particular is not expected to come down in Lagos especially over the holidays and till next year.

This is a personal opinion from what I've seen and observed this week alone, work is not stopping and the demands are still over the roof.

But you're likely building outside Lagos from the prices you quoted, so check whats happening around you.
If you're waiting for prices to come down then you may have to wait till January, which isn't even guaranteed.

Thanks a million