Amid concerns in the construction sector over potential price increases of building materials, Rock Hard Cement has announced it will hold its prices steady for the foreseeable future. This decision stands in contrast to Trinidad Cement Limited (TCL), the primary locally based producer, who is expected to raise its prices in mid-February due to a proposed 77% gas price hike. This price rise has been termed a ‘price shock’ by industry insiders, with estimates suggesting increases could fall between 15 and 20 percent. Contractors and builders are alarmed as a rise in cement prices will eventually affect the costs of other materials that rely on cement. In addition to cement, other building supplies have also been impacted by rising natural gas, packaging, and transport costs. Industry leaders are now calling for policies that foster competition and create more predictable supply chains.
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