Construction material prices increase

With local construction contractors recovering after the heavy impact of the pandemic, the increased prices of building materials and the labour costs have a significant effect on their performance.

In recent days, steel manufacturers have continued to send notices of higher prices of all types of finished steel to customers.

According to the announcement of Vinausteel Company, from March 5, 2022, it increased the selling price of rebar and coil to VND400,000.

On the same day, Viet Duc Steel Production Joint Stock Company announced the same for its customers in the North and Central markets.

Hoa Phat Hung Yen Steel Company Limited of Hoa Phat Group, Tung Ho Vietnam Steel Co. also announced increases to ensure production and business activities.

According to manufacturers, the price of billet and raw materials has increased, so the enterprises adjusted the selling price of finished steel. The selling price of steel in the market exceeded VND18 million per tonne.

Not only steel, but price of many other construction materials such as sand bricks also increases.