News

There is still plenty of room for industrial metal to rise, as market structure remains supportive.

In the first month of the year, Hoa Phat construction steel production increased sharply in the domestic market due to increased demand for civil construction and projects before the Lunar New Year.

S&P Global Platts quoted experts predicting that China's steel market this year will be less volatile than in 2021.

The price of rebar futures contract on the Shanghai floor, China on February 8 was traded at 4,808 yuan / ton (756.3 USD / ton), up 0.6% compared to February 7 .

In 2021, iron and steel imports will reach 12.31 million tons, equivalent to 11.52 billion USD, with an average price of 935.8 USD/ton.

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After a brilliant 2021, businesses face off-sale jobs, which will likely stretch into 2022 as global supply becomes more balanced.

Steel prices in 2021 increased rapidly compared to 2020, prompting ministries and sectors to inspect.

China's steel capital - Hebei province saw crude steel output fall by 10% in 2021 due to the impact of strict environmental pollution control measures and a reduction in carbon emissions, according to Reuters.

Iron ore futures prices in Singapore increased by more than 3%, surpassing the $130/ton mark.

According to the statement, the US and UK are committed to working together towards a speedy outcome that ensures the viability of the steel and aluminum industries of the two countries.

After a period of stability, on January 17, major domestic steel brands simultaneously adjusted construction steel prices from 16,540 VND/kg to 17,050 VND/kg for CB240 coil and from 16,410 VND/kg to 17,000 VND. copper/kg with bar steel D10 CB300.