Northern Construction Steel Market Newsletter April 2021

Before the situation of steel market in the world and China, there were many fluctuations. In order to improve the environment, China has made a move to cut steel production capacity in the steel capital of Tangshan, while the demand for construction here has not decreased, even increased, leading to the need to import ingots. China's steel is huge.

Vietnam's construction steel demand is warming, when the peak construction season (March of the lunar calendar every year) approaches, in addition, the government's public investment packages are required to start in the second quarter of 2021. are the causes leading to the increase in price and demand for construction steel, and there is no sign of cooling down.

From March 1, 2021 to April 7, 2021, the construction steel market in the North has adjusted up 5 times, with the total adjusted value up to 1150 -1250 VND/kg excluding VAT, equivalent Construction steel equivalent price has increased by 8% since the beginning of March this year.

On April 3, factories in the North simultaneously adjusted their prices, right after that, on April 7, 2021, the northern construction steel market continued to receive official letters to increase prices from 200-300 VND/kg. for rebar and coil. However, these price adjustments are difficult to predict, because finished steel prices depend greatly on input prices.

Price movement in April 2021 – Construction steel.

Source: Information from the market