Industry News

Steel prices continue to fall unrelentingly

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.

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