Steel industry news

From mid-November to now, the domestic steel market has undergone two price reductions, on November 16 it was reduced by 300,000 VND/ton and today by 400,000 VND/ton.

Sharing with CNBC, the CEO of a major steel company in India predicted that steel prices could increase "much higher" in the next few years than the average of the past few years.

Steel prices today increased to 4,418 yuan / ton on the Shanghai Exchange.

Coal price indexes in South Africa fell below $135/ton due to the impact of lower coal prices in China.

All domestic manufacturers and importers involved in the final review of the application of anti-dumping measures on certain H-shaped steel products entering Vietnam originating from China must answer the Investigation Questionnaire and send it to the Trade Remedies Administration (Ministry of Industry and Trade) before 5:00 p.m. on December 10, 2021…

Vietnam's deep involvement in the international market, an increase in exports subject to defense lawsuits is understandable, especially for the steel industry. It is important for businesses to have adaptive capacity.

Recently, the United States and the European Union announced an agreement on the current 25% tariff on EU products using the Tariff Quota, which will come into effect on January 1, 2022.

On December 2, the domestic steel market continued to move sideways; while on the Shanghai trading floor fluctuated at 4,250 yuan/ton.

In the first half of November, steel exports reached 10.27 billion USD, 2.34 times higher than the same period last year.

Prices of iron ore and other steelmaking materials in China rose in today's session as many steelmakers in the country ramped up their ore inventories.

Oil drops more than 5% due to concerns about vaccine effectiveness

China's domestic output and coal imports both increased.