Owners of the Steel and Re-rolling Industries on Wednesday announced that they would cut Taka 1,000 from the existing price of the per ton MS rod.
The industries owners came up with the announcement at a meeting with Industries Secretary Muhammad Abdullah at his office, an official release said.
During the meeting, they discussed various issues, including the prices of the MS rod and cement, reports BSS.
Muhammad Abdullah said the implementation of the government's development plans depend on the timely execution of mega projects.
The government is providing all sorts of efforts to the industries aiming to remain the prices of the price of MS rod, MS angle and cement affordable level to customers as these products are the main construction materials, he said.
The owners of the industries said they will reduce the price of these products as they are committed to contribute to the implementation of the government's mega projects.