Industry News

Steel prices continue to fall unrelentingly

Views : 301
Update time : 2022-10-19 17:09:01
Steel prices have fallen to around VND14 million ($570) per ton, the same as in late 2020 when the market was at its most sluggish.

The country’s biggest steelmaker, Hoa Phat Group, cut rolled steel and rebar steel prices in mid-October by VND520,000 per ton to VND14.5 million and VND14.6 million.

Only at the beginning of September it had cut their prices by VND720,000 and VND830,000.

Related News
Read More >>
Japan's steel exports fall by 8.2% y-o-y in Jan Japan's steel exports fall by 8.2% y-o-y in Jan
Mar .04.2026
Japan's steel exports fall by 8.2% y-o-y in Jan
Global crude stainless steel production reaches 64.16 million tons in 2025 Global crude stainless steel production reaches 64.16 million tons in 2025
Mar .04.2026
Global crude stainless steel production reaches 64.16 million tons in 2025
ArcelorMittal Mexico achieves 18% increase in daily heats with new transformer ArcelorMittal Mexico achieves 18% increase in daily heats with new transformer
Mar .04.2026
ArcelorMittal Mexico achieves 18% increase in daily heats with new transformer
Taiwan’s stainless steel market holds steady after consecutive price hikes Taiwan’s stainless steel market holds steady after consecutive price hikes
Mar .04.2026
Taiwan’s stainless steel market holds steady after consecutive price hikes