13/04/2021
Steel billet market in Tangshan, China, after the price drop yesterday, April 12, 2021, today rebounded, making the market more exciting, especially the import market. Taking advantage of China's scarcity of steel, India has increased exports and their top partner is China. Since March last year until now, India has exported more than 7 million tons of billet, up 2 million tons over the same period.
The focal point of the price increase of the steel market is HRC, due to the scarcity of supply and high demand, the Asian HRC price has surpassed $950 CFR price, despite the record high price, the position still belongs to the people. sell.
In the Vietnamese market, which is at the peak of the construction season, pushing up the demand for steel, the transactions are more active than in the previous month. The spot price of billet is also anchored at 13,900-14,000 VND/kg excluding VAT, increasing by more than 100 VND/kg compared to the previous days. Accordingly, steel mills in the North and the South increased their scrap prices up to 100 VND/kg.
The construction steel market in the North in April 2021 has had three price increases, equivalent to 900 VND/kg excluding VAT. The local shortage of factories is happening, leading to the market being difficult to keep the current price.
Market Information
