Steel price accelerates

Domestic steel prices have increased by VND400,000-600,000 a ton compared to January, according to Vietnam Steel Association.

Steel prices have increased VND400,000-600,000 a ton compared to January (Photo: SGGP)

The price swings from VND10.6-11.2 million a ton at steel plants. Steel billet price jumped to VND10,200 a kilogram by the end of March.

The association says that the domestic price has increased in association with the world price hike.
Scrap steel price has reached US$ 285-290 a ton, up US$15-20 compared to the price at the end of January and early February. Steel billet has surged by $20-25 to $430-440 a ton.

Hot rolled steel has remained high hitting $ 515-523 a ton. Last year, the highest price was $528 a ton.

By Lac Phong – Translated by Hai Mien

Other news

Most view

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

Vocarimex plans to expand export markets

The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.

 

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

BLF & LUT fined VND 145mln

The State Securities Commission of Vietnam (SSC) has just issued administrative fines worth VND 145 million to Bac Lieu Seafood Corp (BLF) and Luong Tai Investment & Construction Corp (LUT).