Domestic steel price keeps increasing (Vietnam)

Posted on 03 August 2009

Source: Intell Asia, August 3, 2009

Starting from August 3, the steel makers have announced an increase in the sales price by additional 150,000 dong per tonne.


Therefore, the steel sales prices in the market also jumped. In this price increasing phase, the steel makers only increases the rolled steel price, however, the steel bar price in the markets witnessed same scenario.


The rolled steel would be sold at 12.65 million dong per tonne while the steel bar of 12.95 million dong per tonne.


According to Vietnam Steel Association, the steel sales volume in July was estimated to decline by 20,000 tonnes against the previous month to 330,000 tonnes.


It's predicted that the steel business operation in the last six months will be stable with no sudden change in price.


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