Construction materials all jack up

After power price went up, construction materials such as sand, steel and cement concurred to jack up.

Construction materials all jack up

Prices of sand were reportedly different on various areas; it fluctuates around VND300,000 ($12.8) per cubic meter, 20 percent- 30 percent higher than that in the beginning of the year because there was a decrease in supply while demand remained the same and transportation cost also went up.
Simultaneously, prices of steel in the country increased by VND100,000-VND200,000 a ton.
Presently, prices of cold rolled steel 6mm, 8mm, and 10mm fluctuated at VND14.5-14.84 million per ton whereas steel pillars at VND14.5-15 million a ton.
According to the Vietnam Steel Association, power price makes 8-9 percent in steel production cost. Additionally, high iron ore also triggered steel price to hike.
Prices of cement also hiked by VND50,000-70,000 a ton.

BY LAC PHONG - Translated by UYEN PHUONG

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