Domestic steel prices: Waiting strong level Augmented coal

Report of VDSC said, in 2016, area: World Steel witnessed shocks derived from raw material price control policy iron and steel production in China. As target of eliminating all the small steel mill, inefficient steel industry to restructure, China diminished limited number of days in the mine operation than mugs, make 247% raw material prices this Augmented after 6 months, high prices Gan least 309USD / tonne in May 11/2016. This led to price of steel scrap and iron ore prices are Augmented strong current was higher than 67% and 85% vs. the same period.

 

Influenced from upstream raw materials, world prices of the semi-finished and finished products from steel enable powerful Augmented centered half-year 2016. Six volatile coal, billet prices tăng 62% vs the world the same period, prices 66% tăng rebar and hot rolled steel tăng 82%. While the capacity of the world's steel mills use vẫn out around the 70% level, oversupply is one of the problem vẫn chưa được resolved, because China can not reorganize the power demand hundreds of millions of tons of steel / year out Internal Market.

 

At the Vietnam market, most raw material supply is affected by changes in international prices, but prices of steel sheet, steel construction is particularly do not stick to the price of imported raw materials all this. According to that, tăng level vs the price of raw materials (iron ore, more coke, steel scrap, billet and hot-rolled steel), domestic rebar prices Augmented only 4% in the first 11 months of 2016.

 

One of những reason is given as a được VDSC number of companies manufacturing and inventory allocation cheap as raw materials bought at the end of 2015 for the month to 4/2016, chứa some companies gõ enough materials production for 2016 from the first year and enjoyed huge raw material price difference.

 

Therefore, the domestic steel price vs Augmented slow speed on the slopes of the price of imported raw materials in 2016.

 

Can see, the price of rebar end of 2016 is approximately the same period, new galvanized steel sheet price khi tăng 12%, much smaller level vs Augmented world steel price fluctuations. According to the analysis of VDSC, to all non continuous steel enterprises imported raw materials showed that many would Capabilities price pressures to maintain tương ứng tăng operational efficiency. However, since China on many days Loosen the activity of the coal mines, coke price was turned over, the price of all semi-finished products are cooled under steel, are synonymous as the domestic steel prices only Augmented sẽ enough to match with the high prices of raw materials mà gõ all export manufacturers, after sẽ stabilizing. /.

 

tin Source: Finance