Construction site in Ninh Binh of the North-South expressway. (Photo: VNA) Hanoi (VNS/VNA) - Although local iron and steel prices have dropped, they are still at high rates, up 1.7 times compared to the end of 2020, causing investors and construction contractors to suffer. On the international market, the price of steel rebar for October delivery on the Shanghai Future Exchange was traded at 5,687 yuan (877 USD) per tonne on Monday, down nearly 5.64 percent from the peak set in mid-May but surged 30.8 percent since the beginning of the year. As the global prices are higher, local steel producers can only raise their product prices, said Mai Minh Ngoc, director of Dong Hai Steel