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Construction materials prices surge as demand recovers
By Dat Nguyen   May 9, 2021 | 08:02 am GMT+7
A worker measures steel profiles in a factory. Photo by Shutterstock/flywish.
A sharp rise in steel and sand prices due to lack of supply is sending construction costs skyrocketing.
Duc Chien in Hanoi’s downtown Ba Dinh District recently completed the construction of a new house, but the cost ended up 30 percent higher than his original estimate.
The contractor asked to hike prices several times during the course of four months, and I have no choice but to accept so that the construction could finish in time, he said. ....

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