The rise in steel prices should follow the upward trend in global scholarships. More specifically, certain types of steel commonly used on the Lao Cai market have recorded increases such as: coil steel increased by 160 VND/kg (from 15,125 VND to 15,285 VND/kg); The price of steel for reinforcement bars increased from 195 VND/kg (from 15,200 VND to 15,395 VND/KG). According to forecasts from the market for professional agencies, construction steel prices should continue to increase in the near future by following the world prices.
The increase in steel prices will have a considerable impact on construction projects and state and population work. Consequently, faced with the above situation, the provincial industrial and commercial sector intensifies its propaganda work, guaranteeing appropriate and transparent information on prices, in particular on the evolution of prices of construction steel products, in order to control inflation and stabilize consumers’ psychology. At the same time, you must ask the market management force and specialized departments to regularly monitor the market situation, supply, demand and market prices in the province, in order to prevent a situation of shortage of tenders and speculation and increase in unreasonable prices.
Source : https://baolaocai.vn/gia-thep-xay-dung-tren-thi-truong-lao-cai-co-chieu-huong-tang-post401116.html
