Domestic steel prices set to rebound in Q4 amid easing pressure from Chinese market

Friday, Oct 04, 2024

Steel production in China decreased to 77.9 million tonnes in August from nearly 83 million tonnes in July. Its steel imports dipped by 9 per cent year-on-year in July.

Hoà Phát Group sparks remarkable growth in steel industry in Q4

Tuesday, Feb 06, 2024

The leading steel producer contributed the majority of the steel industry''s profits in the final quarter of 2023.

Steel prices drop for tenth straight month in May

Friday, Jun 23, 2023

The bearish trend is expected to continue through 2023 due to weak demand and lower input materials prices.

Higher steel prices cause contractors to face losses

Saturday, Feb 11, 2023

After a long period of remaining unchanged, the selling prices of construction steel products on the domestic market have increased four times since the beginning of 2023, especially on two consecutive days on January 30 and 31.

Construction industry expects bright outlook in second half of 2022

Wednesday, Jul 13, 2022

Lower steel prices and public investment disbursement are expected to be growth momentum of the construction industry in the rest of 2022.

Steel prices cool down as input costs drop

Wednesday, May 25, 2022

Steel prices have been steadily on the decline in the last few weeks as prices for raw materials ped on the global market, according to the Vietnam Steel Association (VSA).

Steel producers make provisions for devaluation in inventory as prices cool down

Tuesday, Jan 25, 2022

After increasing inventories at the beginning of 2021 to take advantage of price differences to maximise profits, the strategy has now hit steel producers hard as global steel prices plunged at the end of the year. 

Steel prices hit new high

Tuesday, Aug 17, 2021

Steel has hit a new high after a series of rapid price increases from May through June 2021 when they increased by more than 50 per cent compared to the beginning of the year.

Steel producers record big profits on high prices

Saturday, Jul 31, 2021

Steel producers continued to post great results in the second quarter of this year, supported by high steel prices. 

Vietnamese investors and contractors struggle due to higher steel price

Tuesday, Jul 27, 2021

Although local iron and steel prices have ped, they are still at high rates, up 1.7 times compared to the end of 2020, causing investors and construction contractors to suffer.

MoIT denies proposing price stabilisation fund for steel

Monday, Jun 07, 2021

Ministry of Industry and Trade has denied rumours that it proposed the establishment of a State stabilisation fund to cope with the sudden increase in steel prices that has impacted many businesses.

Steel prices increase on global issues: ministry

Friday, May 07, 2021

Soaring raw material prices coupled with delays in shipping due to the COVID-19 pandemic significantly pushed up steel prices recently.

Construction firms face bankruptcy as steel prices soar

Wednesday, Apr 28, 2021

Local construction firms face the risk of bankruptcy as the price of steel has soared 40 per cent recently.

Steel prices surge

Saturday, Dec 19, 2020

Steel prices rebounded or surged globally and Vietnamese steel exports were also positive last month.

Chinese steel prices falling affects Hoa Phat shares

Friday, Dec 14, 2018

Concerns about the sharp fall in Chinese steel prices is affecting the share prices of gaint steel maker Hoa Phat (HPG).