Vietnamese investors, contractors struggle due to higher steel price

Vietnamese investors, contractors struggle due to higher steel price

Although local iron and steel prices have dropped, they are still at high rates, up 1.7 times compared to the end of 2020, causing investors and construction contractors to suffer.
Steel price ripple effect felt across domestic businesses

Steel price ripple effect felt across domestic businesses

Global steel prices continue to be in sharp focus, with recent record-breaking highs pushing contractors to the wall as well as raising questions on whether steelmakers have been colluding to hike rates, which have shot up drastically since last year.