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9 months: Vietnam spent 5.84 billion dollars importing iron and steel
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Statistics from the General Administration of Customs said in May 9, 2016, Vietnam spent US $ 5.84 billion iron and steel imports. Compared with the same period last year, imports increased by 0.14 billion dollars, equivalent to an increase of 2.45%. Vietnam Steel Association (VSA) said in September the demand for steel has increased due to the need to build a good domestic construction steel output up production and consumption remained relatively high output levels.
Growth in sales of steel products in the country increased sharply with an increase of 27.8%. On the domestic steel production, Steel Association said production VSA members more than 1.4 million tons, an increase of 118.6% over the same period last year. More than 1.2 million tons of steel Steel Association members sold within 9 months.
VSA said that the domestic steel manufacturers are showing potentially fully meet the demand for domestic production in the near future.
Regarding steel prices, Steel Association said the price can be adjusted down slightly in October reductions 150-300 VND / kg, depending on the business. Plant sale price in the North ranges from 9,300 VND to 9,500 VND / kg (9.5 million / ton). Price at factory about 8.900- 9.500 southern dong / kg.
On the market, Southeast Asian billet prices early days in October 2016 traded at US $ 335-340 / t cfr Southeast Asia, down about $ 10-15 / ton over the 9/2016 earlier this month. Volume of crude steel of 66 countries reporting to the World Steel Association rose 1.9% over the same period last year to reach 134.1 million tons in March 8. Analysts said China is a downward trend steel production output.
according NDH
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18/8/2025
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