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Bangkok Post
Bangkok Post
Business

High steel prices hit constructors

Russia Ukraine
Workers assemble steel rods at a construction site in Bangkok. (Photo: Panumas Sanguanwong)

The Russia-Ukraine war is pushing up domestic steel prices, which have already risen by 20%, causing homebuyers and construction firms to shoulder higher expenses.

Steel is among the raw materials experiencing a price hike, following the eruption of the conflict 48 days ago, which has also driven up global oil prices.

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