Steel price surpasses 15m dong per tonne mark

Vietnam Steel Corporation (VNSteel) – the southern office decided to adjust the steel price delivered at the steel mill at 14.98-15.2 million dong per tonne, increasing by 200,000-300,000 dong per tonne to be applied for steel bar and scrolled steel yesterday August 23.

Similarly, the Viet Steel Joint Stock Co (Pomina) also raised the steel price by 330,000 dong to 14.7 million dong per tonne.

With this movement, the steel producers have adjusted to increase the steel price for at least three times during August. At present, the steel retail price in the domestic markets stood at approximately 14.7-14.75 million dong per tonne, an increase of 100,000-150,000 dong against the previous week.

The steel firms explained the main reason for raising the steel price was because of sharp increase in input costs. – Tuoitre

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

Posted by VBN on Aug 24 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