Tiếng Việt
Coal and iron ore prices increased from 1.2% to 1.9%, leading to a sharp increase in billet prices reach $565/mt. The volume of scrap imported to Korea increased sharply from 58,000 tons to 127,000 tons within 2 weeks. The Japanese scrap price offered to Bangladesh was at $460/mt, quite high compared to the domestic market […]
Author Archives: Vui Hapval
09
Nov
Nov
Many mills cut production, causing shortages, not only in China but also in EU and Vietnam. Hoa Phat mill announced to close 4 blast furnaces to maintain the remaining production segments until market demand improved. China billet price inched slightly by $5/ton today, November 9th to $479/ton. Meanwhile, the billet price Vietnam offered at $490 […]
02
Nov
Nov
The price of billet in early November fluctuated under the downward pressure of scrap and iron ore prices, but China’s Tangshan billet price increased by $20/mt yesterday, November 1, 2022, making market sentiment a bit volatile, price offer at $470/mt. HRC China price dropped another wave, HRC SS400 price hit $480 and SAE1006 hit $500/mt. […]
10
Oct
Oct
US: US HRC price ranges from $800-810/tons, CRC price ranges from $1190-1200/tons, with a slight increase compared to last week. China: China’s price on the morning of October 10 has slightly increased by $5-10/tons to stimulate demand, HRC SS400 price is at $550-555/tons, SAE1006 is at $575-580/tons. Meanwhile, steel billet price adjusted slightly lower than […]
07
Oct
Oct
Korea: Steel factories in Korea simultaneously increased scrap buying prices to $14/ton, causing scrap prices reached $371-$399/ton depending on the region. The reason for the price increase is due to scarcity, reduced inventory. Vietnam: For steel pipes, steel mills in Vietnam are still holding prices, there is no signal of adjustment. There are only 2 […]
27
Sep
Sep
HRC hot-rolled price has not changed significantly because the market demand is not strong. While China’s domestic HRC price has slightly increased by $580-590/mt, other markets are still in a state of waiting for better demand from the market. Previously, the Chinese market had traded more than 100 thousand tons of HRC at a price […]