The increase in steel prices is considered to follow the market developments on the world exchanges. Specifically, some types of steel commonly used in the Lao Cai market have recorded increases such as: Steel coil increased by 160 VND/kg (from 15,125 VND to 15,285 VND/kg); Steel bars increased by 195 VND/kg (from 15,200 VND to 15,395 VND/kg). According to the market forecast of the professional agency, the construction steel group in the near future is likely to continue to increase according to world prices.

The increase in steel prices will have a major impact on projects and construction works of the State and the People. Therefore, in the face of the above situation, the provincial industry and trade sector is stepping up propaganda work, ensuring timely and transparent information on prices, especially price developments for construction steel products, in order to control inflation and stabilize consumer psychology. At the same time, directing market management forces and specialized departments to regularly monitor market developments, supply - demand and market prices in the province, not allowing the situation of creating shortages of supply and unreasonable price speculation to occur.

Source: https://baolaocai.vn/gia-thep-xay-dung-tren-thi-truong-lao-cai-co-chieu-huong-tang-post401116.html