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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.

According to preliminary statistics of the General Department of Customs, in the 10 months of 2021, the whole country imported nearly 1.24 million tons of iron and steel, equivalent to 1.3 billion USD, the average price reached 1,047.5 USD/ton, down 17.6% in volume, but up 22% in turnover and 48% in price compared to 10 months of 2020.

The price of stainless steel on the Shanghai Stock Exchange, China in the contract for January delivery in January 2022 was $2,535.3 per ton, down 4.2% compared to December 7.

The domestic steel price has been simultaneously adjusted by enterprises to decrease from 15,860 VND/kg to 16,390 VND/kg for CB240 coil, and from 16,060 VND/kg to 16,600 VND/kg for D10 CB300 rebar. …

Iron ore prices surged on December 7 after Chinese authorities said November imports were up nearly 15% from October, the highest level since July 2020.

In addition to aluminum and steel supply issues, during a meeting on December 7, US and UK trade officials also agreed to coordinate in handling important WTO issues such as intellectual property and fisheries subsidies.

After 4 consecutive months of increase, Hoa Phat's steel consumption in November decreased by 21% compared to the previous month, reaching 765,000 tons of all kinds.