Steel industry news

Zinc prices rose to a more than one-month high, as inventories fell and smelters in Europe, facing rising energy prices, threatened to cut output further.

Iron and steel prices in China fell on April 12, 2022, as strict measures related to Covid-19 affected market sentiment and raised concerns about the recovery of the world's second largest economy. gender.

Iron ore in Asia rose on Wednesday (March 30), Dalian iron ore rose for a fifth straight session as markets expected a sharp increase in stockpiling demand in China as COVID-19 restrictions eased. remove.

The war in Ukraine affects world supply as Russia and Ukraine account for about 10% of the global steel trade.

The world's attention is focused on the impact of war on the global energy market.

Domestic and export steel consumption rose sharply during the first two months of the year, despite a record selling price.

The large fluctuations in raw materials used in the steel industry are a conundrum for national and international markets.

The 62% Fe ore price imported from Australia into China on March 15th was 954 yuan/tonne (US$150/tonne), down 4.1% from the previous day.

Many other items also increased, causing a series of contractors to face the risk of breaking the battle, many projects can break the schedule.

In the North, CB240 coil price was at VND 18.33 million/ton, an increase of VND 600,000/ton compared to yesterday.