Vietnam: Steel prices set to increase

• Aug 11, 2016

Vietnam: Steel prices set to increase

Thursday, 11 August 2016 – Domestic steel prices are expected to rise in the near future, thanks to increasing construction demand, the real estate market’s recovery and high consumption, Vi?t Nam Steel Association (VSA) said.
Nguy?n V?n S?a, VSA’s vice chairman, said the selling price of steel billets and bars had risen since July.
Specifically, steel billet prices increased from US$300-$310 per tonne in July to $315-$325 per tonne at the beginning of this month. The prices of steel bars also increased from $308-$315 per tonne to $330-$338 per tonne.
The prices of building steel, excluding VAT, delivered at factories have remained stable over the past two months at VN?9.4 million-VN?9.9 million per tonne in the north and VN?9.4 million-VN?9.7 million per tonne in the south. Read More?