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Steel prices may rise in the near future
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As reported by the Vietnam Steel Association (VSA), in the current context, the need to build domestic well, along with the positive signals of macroeconomics, real estate market should recover steel long production and consumption remained relatively high output levels.
Along with that, the association also predicted that steel prices will likely be increased in the near future.
Mr. Nguyen Van Sua, Vice President of VSA said that the current price of scrap steel products since the beginning of July so far not much has changed but billet and rebar prices have increased significantly.
Specifically, from early July billet is 300-310 USD / ton rose to 315-325 US dollars / ton in early August. Similar rebar increased from 308-315 USD / ton to 330-338 US dollars / ton.
While domestic construction steel prices in July and early August 8/2016 relatively stable overall.
Price at the north plant is 9.4 to 9.9 million / ton; South is 9.4 to 9.7 million / ton (excluding 10% VAT, delivery at the plant ...).
However, he said Sua, ability to raise prices in the coming months is very high.
The reason given is because he Sua ingot, scrap steel prices in general and China billet prices tend to rise more than the previous month of $ 10-20 / ton; the market enters the final months of the year when construction is somewhat more prosperous ...
Also, as reported by the VSA, the current scrap price at 228 USD / ton, equivalent to prices a year ago, while the highest is 287 USD / ton.
Billet prices at 330 USD / ton, equivalent to prices in May 6/2015 and did not return by early May 1/2015 price of US $ 371 / ton ...
In July, production of steel products of member firms of more than 1.4 million tons of VSA, an increase of 13.6% over the same period in 2015, down 5% from the previous month.
Sales of steel products reached more than 1.2 million July tonnes, up 20% MoM and 27.3% 6/2016 compared to the same period in 2015.
Exports of steel products also reach over 246.500 7/2016 month tonnes, up 57% compared to the same period last year.
Percentage growth in both sales and production of steel products in 7 months compared with the same period last year shows that the ability to meet fully the demand for construction steel products of domestic enterprises.
However, to be able to maintain domestic market share, enterprises should improve product quality, reduce production costs ... to continue to have a more competitive price ...
Vth
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18/8/2025
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