05/05/2021
Spot iron ore price 62%: $185/t was updated on May 3, 2021 on the CME commodity exchange (Chicago), an increase of nearly $20/t compared to March 30, 2021. before.
Meanwhile, spot price of ore 62% at DCE (Dalian - China) has surpassed $204/ton, surpassing the peak of the last 10 years.
US hot rolled coil price spiked to a new record high on May 3, when suppliers pushed offers up to 1500usd/ton.
Construction steel prices in the north of Vietnam are stabilizing since the last price increase in April 2021 on April 27. In April, construction steel in the North had 6 times increased prices of factories, with a total increase of 1900 VND/kg excluding VAT. But with the situation of input materials such as iron ore, scrap, and billet all increasing in recent days, construction steel can hardly not be adjusted.
Source Market Information
