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Commodity prices spike amid war, S'pore stockists look for alternative suppliers
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NatSteel, which runs the only steel mill in Singapore, produces about 750,000 tonnes of steel a year.
ST PHOTO: CHONG JUN LIANG
SINGAPORE - Even as the labour crunch in the construction sector looks to be gradually easing, contractors face another set of headaches - from rising raw material costs and supply chain disruptions.
This week, steel mills in Turkey and the Middle East held back from making offers to South-east Asia, amid demand to purchase raw materials from alternative sources after the Ukraine-Russia conflict broke out on Feb 24.
