House buyers face higher costs after steel prices jump



Business Daily | by Brian Ngugi


Real estate project owners and Kenyans seeking to acquire homes are staring at higher costs following a jump in global steel prices, driven by rising demand on supply fears related to Russia’s onslaught of Ukraine, with the ongoing war and an array of Western sanctions raising disruption fears.

Steel is a vital component in the construction industry, used to make roofing sheets, reinforcement bars, steel beams and columns, windows and doors, among other products…

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