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The reason for the decrease in steel prices is due to the downward trend of the world in the context of weak and unstable steel consumption demand.
Steel prices fall following global trends amid weak and unstable demand
According to some agents and construction material stores in Hai Duong City, Nam Sach... the price of Thai Nguyen rolled steel and Hoa Phat rolled steel is currently selling at 16,500 VND/kg, down 1,000 VND/kg compared to mid-March, equivalent to a decrease of 1 million VND/ton.
The reason for the decrease in steel prices is due to the downward trend of the world in the context of weak and unstable steel consumption demand. The decrease in raw material prices for steel production is the reason for steel production enterprises to adjust the selling price of finished steel products to match input costs. In particular, recently, Chinese steel producers have continuously adjusted the price of hot rolled coil (HRC) steel in the Vietnamese market. Thus, after many consecutive price increases since the beginning of the year, steel prices have begun to decrease. It is forecasted that steel prices may continue to decrease in the coming time due to the influence of the world market.
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