Steel prices are still climbing, domestic consumption and exports are exploding.

The Vietnam Steel Association has just announced the situation of steel production and consumption of all kinds. In total in the first 2 months of this year, finished steel production reached 5.117 million tons, up 1.6% over the same period in 2021. Finished steel sales reached 5.014 million tons, up 18.5% over the same period last year. in 2021. At the same time, "exports" reached more than 1.12 million tons, up 11.6% over the same period last year. The Steel Association said that the "enterprises" have developed a variety of product exports and the export market structure shows the flexibility and adaptability of the "steel enterprises" in Vietnam.

Also according to the Vietnam Steel Association, the price of iron ore grade (62% Fe) on March 8 was traded at 162-162.50 USD/ton CFR Tianjin port (China), an increase of about 12 USD/ton compared to the previous period. point in early February. This price decreased by about 50-52 USD/ton compared to the highest price recorded in early May, 2021 (about 210-212 USD/ton). And the price of hard coking coal for export at the Australian port on March 8 traded at 627 USD/ton FOB, increased sharply by 235.25 USD compared to the beginning of February. The price of coking coal has tended to increase continuously since the beginning of February. from the third quarter of 2021, affecting the increase in steel production costs.

Similarly, scrap steel of grade HMS ½ 80:20 imported to East Asia port was at USD 580/ton CFR East Asia, an increase of USD 25/ton compared to the beginning of February; HRC hot rolled coil on March 8 was at 890 USD/T, CFR Dong A port, up about 90 USD/ton compared to the transaction price in early February. In general, the hot rolled steel market (HRC) world changes caused The domestic HRC market is difficult because flat steel manufacturers (CRC, galvanized steel, steel pipes...) all use HRC as raw materials for production... This is the reason why the domestic "steel price" is continuously pushed up. increased since the beginning of the year.

According to data from the General Department of Customs, in the opposite direction in the first 2 months of this year, the whole country spent more than 2 billion USD to import 1.95 million tons of iron and steel of all kinds. Compared to the same period in 2021, the import volume decreased by 14.7% but the turnover increased by 28.6%. The average price of imported steel (excluding tax) is 1,049 USD/ton, a sharp increase of 50.6% compared to the average price of the same period last year. The major import markets of Vietnam's iron and steel can be mentioned as: China, Japan, Korea, Russia... Notably, the amount of iron and steel imported from Russia increased sharply and surpassed Korea to become the home country. Vietnam's third largest supplier. In total, in the first two months of the year, imports of this item from Russia reached nearly 253,000 tons with a value of $211.5 million, up 25.44% in volume and 104% in turnover over the same period last year.

Thanh niên