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Steel prices plummeted.
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NEW YORK - On 14-12, the retail price of construction steel market continues to decline from 800000-900000 / tonne from the previous month. Prices range from 10.72 to 10.83 million / ton (depending on brand).
NEW YORK - On 14-12, the retail price of construction steel market continues to decline from 800000-900000 / tonne from the previous month. Prices range from 10.72 to 10.83 million / ton (depending on brand).
This was the second decline in December, but was once reduced its 5th month 9-2015 to date.
According to the agency HM steel (Bach Dang - Binh Thanh), the price of steel had to fall down somewhere below 11 million / ton as supply from steel mills continue to pour into the market very much, have to compete hard fig with imported steel is increasing massively.
On the other hand, a number of steel production businesses cut the discount that the dealer had to expect lower prices in order more goods consumed.
VN Steel Association (VSA), the end of May 11-2015, total steel consumption is estimated at 10.6 million tonnes, up 20% over the same period last year.
VSA said that in the coming months, although the construction market is showing signs of recovery, but the steel manufacturing business in the country faced many difficulties, including billet and finished steel import cheap China remains the biggest challenge.
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18/8/2025
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