Last Friday was the transportation-industrial complex’s long-awaited celebration for Amtrak’s $33.7 billion Gateway boondoggle. The budget-busting cabal of construction firms and unions and pols cheered the proposed Hudson tunnel’s record of decision from the Federal Railroad Administration. The $9.8 billion tubes are of little value until the other $23.9 billion is spent, which the boosters .
Wednesday, 13:15, 28/04/2021
Local construction firms face the risk of bankruptcy as the price of steel has soared 40% recently.
The price of construction steel is now nearly VND19,000 per kg and with the material accounting for about 28% of the building cost for an apartment and 35% of the cost of a semi-detached house, insiders said construction costs had soared.
Nguyen The Diep, Chairman of the Board of Directors of Hung Thinh Phat Investment Group, said, With urban areas, condominiums, iron and steel account for a relatively large proportion of the product prices so house prices will definitely be higher in the near future.
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The global cement market reached a volume of 4.91 Billion Tons in 2020. Cement refers to a binding material widely used for construction purposes that is manufactured by grinding a mixture of clay and limestone. Numerous other materials, such as shale, clay, slate, chalk, silica sand, iron ore and blast furnace slag, are heated at high temperatures to form a rock-like substance that is grounded into fine powder to form cement. Characterized by a grey color, it is mixed with water to form a hard mass that is used as an adhesive for masonry. Depending upon its ability to set in the presence of water, cement is largely bifurcated into two kinds - hydraulic and non-hydraulic. While hydraulic cement sets due to the chemical reaction between water and the dry ingredients, non-hydraulic cement offers optimal resistance against chemicals by reacting with the carbon dioxide in the environment.
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