Market News

(Construction) - Continuously from 2000 up to now, Hoa Phat Steel Pipe has always been stable in the No. 1 market share in the domestic market. 2019 also marked an important development step of Hoa Phat Steel Pipe Co., Ltd. when it reached over 30% market share for the first time.

Last time, solar power projects "massively" invested in Ninh Thuan and Binh Thuan provinces, causing overloaded transmission grid, causing damage to investors and buyers. .
 

The Ministry of Industry and Trade leaders affirmed that domestic hot-rolled steel products were still sold to the US, unaffected.

(Construction) - In the first 6 months of 2019, Hoa Phat steel output supplied to the market reached more than 1.34 million tons of steel, up 22.9% compared to the same period in 2018. Export construction steel output 35% increase over the same period. With this result, Hoa Phat Steel is stable at No. 1 with 25%.

Prime Minister Nguyen Xuan Phuc said that disbursement of public investment capital and slow ODA capital continued to be bottlenecks for socio-economic development in the first 6 months. So what is the cause of this situation and what is the solution for the next time?

The Vietnam-EU Free Trade Agreement (EVFTA) signed will be the key to Vietnam steel sheet products to expand export markets to Europe.

(Construction) - According to a report by the Ministry of Construction, steel prices in the second quarter of 2019 increased by VND 100,000 - 200,000 per ton, equivalent to an increase of 1-2% compared to the first quarter of 2019.

Selling price of construction steel in the southern market was stable in May. While in the northern market, there was a rise in price of CB400V and CB500V plants for projects.
 

(Construction) - According to the General Department of Customs, in the first 5 months of 2019, the export of iron and steel in May reached 609,000 tons, worth USD 389 million, up 7% in volume and 4 increase. % of the value. Thereby, the export of this commodity in the first 5 months of 2019 reached 2.93 million tons, worth 1.89 billion USD, up 24.4% in volume and 7.6% in value over the same period. 2018.

The Ministry of Industry and Trade has officially issued Decision No. 1230 on the application of measures to prevent and avoid trade defense measures for wire and rolled steel products imported into Vietnam.