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Steel prices today fell to 4,475 yuan/ton on the Shanghai Exchange.

After 11 months, iron and steel has registered in the group of export items of tens of billion USD with remarkable growth. Accumulated in 11 months, Hoa Phat Group achieved a total sales volume of all kinds of steel reaching 8 million tons, up 33% over the same period.

Iron and steel products have become the key import and export industries of many countries around the world with remarkable growth.

In the first 11 months of 2021, steel production and consumption both increased over the same period…

China's steel consumption is estimated at 947 million tons compared with 954 million tons this year. More cautious in real estate investment after Evergrande, uncertainty due to pandemic and high raw material prices will drive steel demand. downward.

The United States ranks fourth in Vietnam's steel exports with a share of 9.22% in volume and 13.13% in price. However, there is a particularly impressive growth in exports to this market...

Mexico initiated an anti-dumping investigation on galvanized steel imported from Vietnam in October.

Domestic demand for steel decreased when many provinces and cities across the country implemented prolonged social distancing, leading to a decrease in sales of construction steel.

According to VSA, it is expected that in 2022, crude steel production will grow by 8-10% compared to 2021; production and consumption of finished steel products have corresponding growth compared to 2021.

It is forecast that domestic steel prices will decrease slightly by 5% and 8% from 2022-2023, respectively, but higher consumption demand will compensate for lower output prices...

A rally based on hope and not on worrisome fundamentals will not be sustainable.

Analysts say China may ease restrictions on steel production and exports next year to improve steel supply and demand in the context of the country's determination to stabilize economic growth and ensure job.