At the end of February, manufacturing enterprises simultaneously increased the price of construction coil to 150,000-210,000 VND/ton, marking the 4th increase in steel price in just one month.
Recently, many steel companies announced to increase the selling price of steel products. Accordingly, Viet Duc, Hoa Phat, Viet Italy, Viet Sing... simultaneously increased prices nationwide for construction coil products at an average of 150,000-210,000 VND/ton (excluding VAT). .
For example, Hoa Phat adjusted an increase of 200,000 VND/ton for CB240 coil in the North and Central regions. After adjusting steel prices in the two regions at 15.96 million dong/ton and 15.88 million dong/ton, respectively. In the South, Hoa Phat increased by 150,000 VND/ton with CB240 steel coil to 15.98 million VND/ton.
Similarly, Vietnam Italy steel brand also increased by 200,000 VND/ton with CB240 coil to 15.91 million VND/ton, while CB300 D10 rebar remained at 15.81 million VND/ton; Viet Duc Steel also adjusted to increase by 210,000 VND/ton to 15.71 million VND/ton with CB240 coil.
Meanwhile, enterprises such as Kyoei, Southern Steel, Thai Nguyen Steel, Viet Nhat Steel, Pomina... have not yet made an upward adjustment with the above steel.
At the end of February, manufacturing enterprises simultaneously increased the price of construction coil to 150,000-210,000 VND/ton, marking the 4th increase in steel price in just one month.
Recently, many steel companies announced to increase the selling price of steel products. Accordingly, Viet Duc, Hoa Phat, Viet Italy, Viet Sing... simultaneously increased prices nationwide for construction coil products at an average of 150,000-210,000 VND/ton (excluding VAT). .
For example, Hoa Phat adjusted an increase of 200,000 VND/ton for CB240 coil in the North and Central regions. After adjusting steel prices in the two regions at 15.96 million dong/ton and 15.88 million dong/ton, respectively. In the South, Hoa Phat increased by 150,000 VND/ton with CB240 steel coil to 15.98 million VND/ton.
Similarly, Vietnam Italy steel brand also increased by 200,000 VND/ton with CB240 coil to 15.91 million VND/ton, while CB300 D10 rebar remained at 15.81 million VND/ton; Viet Duc Steel also adjusted to increase by 210,000 VND/ton to 15.71 million VND/ton with CB240 coil.
Meanwhile, enterprises such as Kyoei, Southern Steel, Thai Nguyen Steel, Viet Nhat Steel, Pomina... have not yet made an upward adjustment with the above steel.
Thus, this is the fourth consecutive increase of steel prices since the beginning of the year. The total increase after 4 adjustments is about 1 million VND/ton, depending on the brand and type.
In the context that the market has not changed much, the prospect of the steel industry in 2023 is forecasted to continue to be difficult, especially in the first half of the year. Experts of VNDirect Securities Company assessed that domestic steel manufacturers are facing a series of difficulties such as falling global construction demand, rising input material prices and excess supply from the end of the year. 2022.
Besides, the outlook in 2023 of this industry is also weighed down by the gloom of the residential real estate market.
Vietnam's steel export activities will still face many difficulties before the situation improves in the second half of 2023. This expectation comes from the decrease in input material prices, while the Chinese market reopens. and accelerating infrastructure development will boost global steel demand recovery.
According to Thanh Thuong/Zingnews.vn
