10/07/2019 10:01:17

More than 6 million tons of steel are imported to Vietnam in 5 months

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.

According to the Ministry of Industry and Trade, in May there were about 1.4 million tons of steel imported to Vietnam.
Thus, after 5 months, this item has been imported into the country about 6.1 million tons, equivalent to more than 4 billion USD (up 7.2% in volume and 0.7% in value.)


Meanwhile, production activities of the steel industry still maintained a high growth rate.
The representative of the Ministry of Industry and Trade informed that in the first 5 months, raw iron and steel reached 8.845 million tons, up by 66.2% YoY; rolled steel reached 2.534 million tons, up 10.8% over the same period; bar and angle steel reached 2.458 million tons, up 3.6% over the same period.


Information on selling prices, according to representatives of the Ministry of Industry and Trade, selling price of construction steel in the southern market was kept stable in May. Meanwhile, in the northern market, there was an increase in price of CB400V and CB500V plants for projects and constructions with an increase of about 100,000 VND / ton, but common rebar and rolled steel kept stable prices.


The data of the Hoa Phat Group show that in May 2019 alone, construction steel output of the company consumed 226,000 tons, of which the consumption in the Southern market was 3.5 times higher than in 5/2018. .
In addition, the 5-month export construction steel volume of this enterprise also increased by 21.4% compared to the same period last year, reaching 106,358 tons. The most export markets include Japan, USA, Canada, ASEAN countries such as Cambodia, Malaysia, Laos ...

- Importing steel in the last 2 months:

 

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