Vietnamese property developers and constructors worry they'll have to halt or delay projects as they fear raised steel prices could render them bankrupt. Steel makers have blamed their hikes on more expensive global steel billet, but in reality they're actually using cheaper billet they imported sometime ago. So far, they've made out like bandits. An expert in the field who asked not to be named said steel producers normally raised their prices according to higher dollar-to-dong ratios, and more expensive steel billet on the world market.
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