Steel prices are said to be at their lowest level since the end of 2020.
Steel prices fall sharply while domestic steel demand is weak (documentary photo)
According to some agents and construction material stores in Hai Duong City, Kim Thanh..., the price of Thai Nguyen steel and Hoa Phat steel is currently from 15,300-15,500 VND/kg, Viet My steel is 14,500 VND/kg, Viet Sing steel is from 14,800-14,900 VND/kg, an average decrease of 2,000-2,200 VND/kg compared to February. This is the lowest price since the end of 2020.
The reason for the continued decline in steel prices is due to the same downward trend as the world. Prices of input materials are on a downward trend, there is still a lot of inventory, forcing steel enterprises to lower product prices... Domestic steel consumption demand is weak because the real estate market is still stagnant, and public investment capital disbursement is slow.
PV