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.