According to information from the Vietnam Steel Association, the price of raw steel production in the world has increased continuously since the early days of 2016. Specifically, the price of 62% Fe type iron ore from 40 USD / ton has increased to 65 USD / ton, and currently at 57 USD / ton in the first days of May.
- Steel scrap price in early January 2016 is about 190 USD / ton, tends to increase continuously and is offering price at 320 USD / ton in the first week of May.
- In ASEAN market, steel billet price also increased from 260 USD / ton to 420-430 USD / ton in April 4/2016. Prices of other raw materials such as hot rolled coils are traded at 410-420 USD / ton, while at the beginning of the year only about 280-300 USD / ton.
- HRC steel price increases from 100 to 120 USD / ton. CRC steel price at the beginning of May is about 500 USD / ton. Long steel prices are offered at about 430-450 USD / ton.
- Mr. Nguyen Van Sua said that the increase in world raw material prices in Asia is largely due to the impact from the Chinese market with a number of key factors such as the macroeconomic policies of the Chinese Government. Positive to market sentiment.
- China's real demand increases, prices are regulated strictly according to the law of supply and demand. In addition, the lack of local supply and immediate output reduction plans to reduce air pollution also impact the market.
- In Vietnam, the impact of the price of steel production materials in the world increased rapidly causing domestic manufacturers to adjust prices accordingly. Besides, the decision to impose temporary trade safeguard duties on billet and long steel products imported into Vietnam market also has an impact on the market.
- With the general price increase trend of the world raw material and steel market, the domestic price market has also been adjusted.
- According to Mr. Sua, so, with this trend, domestic steel price is expected to increase in the coming time, at about 11.4 million dong / ton.
- According to the Vietnam Steel Association, in April, member businesses consumed more than 1.31 million tons of steel, up 26.7% over the same period in 2015, but down 20% from the previous month. .
- In the month, member enterprises produced more than 1.48 million tons of steel of all kinds, an increase of more than 30% over the same period of 2015; in which exports reached nearly 192,000 tons, up nearly 50% over the same period.
- This is a relatively high growth rate compared to the average of recent years. This growth has shown the production capacity of the steel billet manufacturing plants as well as the long construction steel in the country both in quantity and quality.
