As local construction contractors rebound after the heavy impact of the pandemic, rising construction materials prices and labor costs are having a significant impact on their performance.
In recent days, steelmakers continued to send higher price notifications for all types of finished steel to customers.
According to the statement of Vinausteel Company, it has increased the selling price of rebar and coils to VND 400,000 as of March 5, 2022.
On the same day, Viet Duc Steel Production Joint Stock Company announced the same for its customers in the Northern and Central markets.
Hoa Phat Hung Yen Steel Company Limited, affiliated with Hoa Phat Group, Tung Ho Vietnam Steel Co. also announced increases to ensure production and business activities.
According to producers, billet and raw material prices have increased, so businesses have adjusted the selling price of finished steel. The selling price of steel on the market exceeded VND 18 million per ton.
1 Vietnamese Dong is 0.00065 TL.
source: bizhub
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