Announcement of New Year's Day holiday in 2025

In November, HRC steel exports continued to be gloomy, falling by 70%. Businesses are looking to the domestic market as a "support" for sales.

While many factories remain loss-making and the property sector continues to hold back demand, analysts see rising orders from state-backed manufacturing and construction activity, along with rising exports.

In just four months, there have been seven cases of countries using trade defense measures on Vietnamese steel products. This creates more risks in the context of businesses planning to increase production.

Recently, construction steel prices on the market have been continuously adjusted upward by manufacturers, in which Hoa Phat ribbed steel bars increased by 460,000 VND per ton.

Iron ore prices continued their strong rally from last week after China announced policies to facilitate home buying.