Steel price declines

The southern branch of Vietnam Steel Corp (VNSteel) suddenly reduced the steel price by 150,000 dong per tonnes for scrolled steel and steel bars for all the orders, starting from Sep 20, 2010.

It’s the first time that the corporation has lowered the steel price since early July 2010. At present, the steel price for those products to be delivered at the steel mills stood at 15.65 million dong per tonne at average.

Meanwhile, in the retail markets, the steel agents have recently increased the steel price by 50,000 dong per tonne, to the average price of 15.65-15.75 million dong per tonne. – Tuoitre

Tags: Vietnam steel industry, Vietnam steel market, Vietnam steel prices

Posted by VBN on Sep 23 2010. Filed under Steel. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry