Domestic steel price continued to decrease by 300,000-310,000 VND/ton to 16.92-17.42 million VND/ton. This is the 5th consecutive decrease of domestic steel price in more than 3 weeks.
Many domestic steel enterprises announced to continue lowering product prices from the afternoon of 6/6.
Specifically, Hoa Phat steel brand in the North adjusted down 300,000 VND/ton for CB240 and D10 CB300 steel, down to 16.95 million VND/ton and 17.51 million VND/ton. In the South, the price of two types of steel CB240 and D10 CB300 also decreased by 300,000 VND/ton, down to 16.95 million VND/ton and 17.41 million VND/ton.
Similarly, the Vietnam Italy steel brand also adjusted down 300,000 VND/ton and 310,000 VND/ton, respectively, with two grades of CB240 and D10 CB300 to 16.92 million VND/ton and 17.42 million VND/ton, respectively.
Viet Duc steel brand also reduced the selling price of CB240 coil line down by 300,000 VND/ton to 16.82 million VND/ton, D10 CB300 rebar reduced by 310,000 VND/ton, priced at 17.47 million VND/ton.
Vietnam Japan Steel adjusted down 300,000 VND/ton with CB240 coil at 16.87 million VND/ton; D10 CB300 rebar decreased to 17.07 million VND/ton.
Viet Sing Steel reduced 310,000 VND/ton with CB240 coil, down to 17 million VND/ton; D10 CB300 rebar line decreased by 310,000 VND/ton, priced at 17.2 million VND/ton.
Southern steel also reduced the level for the above two types of steel, pulling the price of CB240 and CB300 to 17.36 million VND/ton and 17.76 million VND/ton.
Pomina Steel reduced 300,000 VND/ton for both CB240 and CB300 steel, the selling price was 17.76 million VND/ton and 17.96 million VND/ton.
From May 11, this is the fifth consecutive decrease of domestic steel price with a total decrease of more than 2 million VND/ton. In which, CB240 and CB300 steel of Hoa Phat in the North decreased by 2.04 respectively. million VND/ton and 1.58 million VND/ton. CB240 and CB300 steel of Vietnam Italy steel also decreased by 1.97 million VND/ton and 1.57 million VND/ton.
Reason domestic steel price A sharp decline after a hot rise is said to be a downward trend in steel billet and input material prices. The price of raw materials in steel production has continuously decreased since the end of March, causing the steel market to slow down.
The price of iron and steel has increased rapidly in recent years, making civil construction investors cry, because construction costs are very high.
at Blogtuan.info – Source: vietnamnet.vn – Read the original article here