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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.

Iron ore futures on the Dalian Commodity Exchange and Singapore fell on Monday (January 17), amid a short-term increase in the supply of the steelmaking raw material and signs of economic weakness in the steelmaker. China's leading.

VDSC believes that the domestic demand for construction steel in 2022 is expected to increase by 8.5% compared to 2021 thanks to the push from the medium-term public investment package in the 2021-2025 period to 2.8 million billion VND.