Builders cry foul over soaring cement prices
A conflict between builders and cement firms has intensified over a recent decision by producers to hike prices for the fourth time in two years, according to industry officials, Tuesday. Last Friday, Sungshin Cement sent a letter to ready-mixed concrete truckers notifying its plan to increase cement prices by 14.3 percent in July. This came after Ssangyong C&E declared a 14.1 percent hike in its cement price effective next month. Both companies suffered operating losses during the first quarter of this year.
Source: koreatimes.co.kr
