(December 31, 2016 5:07:43 PM) Expected from January 1, 2017, the price of construction steel in the South is expected to increase simultaneously with 300,000 VND / ton, information on VnMedia said.
Expected from January 1, 2017, construction steel price in the south is expected to increase simultaneously with 300,000 VND / ton.
This is the latest announcement of a number of steel companies. With this increase, steel prices including VAT will increase to about 11.2 million / ton. This is the next bull run after the mid-November rally. The main reason is attributed to the continuous increase in steel material price in the world.
According to a report of the Vietnam Steel Association, in early December, East Asia steel billet prices continued to rise sharply at US $ 400 / ton. By the end of November 2016, domestic consumption reached more than 13.48 million tons of steel of all kinds, up 27% over the same period last year. Besides, the amount of exported steel reached 2.46 million tons, up 46.4% compared to the same period last year.