Steel imports nearly doubled over the same period

Generally, the total amount of finished steel products imported into Vietnam from 1 / 1-31 / 8/2016 reached 12.36 million tons. The total import value reached more than $ 5.2 billion. In including the steel products imported from China accounted for the highest, with 59%.

Assessing the situation, imports increased in recent times, VSA vice chairman Nguyen Van Sua said, with flat steel, hot rolled steel, virtually Vietnam should not be produced imports. Construction steel, galvanized steel, steel pipes, cold rolled steel … due to rising import market for good growth.

From September to now, businesses have also listened closely to the market and adjust prices of construction steel fell 150-300 VND / kg, depending on the business. The average transaction price in the North 9.3 to 9.5 million / ton. Southern region of about 8.9 to 9.5 million selling price / ton, excluding VAT.

The rating on the steel market, he said Sua, although market inputs and outputs of steel products have fluctuated, especially higher imports, however, thanks to the positive signal of economic macro, steel demand in the consumer good, which must mention the continuous efforts of enterprises in adopting solutions in terms of market, technology and product design …, thereby first 9 months of 2016 construction steel consumption reached 5,799,660 tons, up 24% compared to the same period in 2015. In particular, exports also rose, reaching 462 752 tonnes, up 57.1% compared to the same period in 2015.

Not only construction steel, steel pipe products consumption growth was higher, reaching 1,354,729 tonnes, up 31.4% compared to the same period in 2015. In particular, exports totaled 10,306 tons, up 21.7% compared to the same period in 2015. In particular, Hoa Phat is still leading unit market share to 25.02% consumption.

Consumption growth should mention religious strongest metal plating and coating color, 9 months reached 2,037,123 tons consumption, up 35.1% compared to the same period in 2015. In particular, exports totaled 919,098 tons, an increase of 46% compared to the same period last year.

Forecasting, entered the dry season, the weather is favorable for the fourth quarter of the construction should / 2016, steel production and consumption growth will remain good, especially steel construction.