News Room - Steel Industry

Posted on 22 Nov 2007

Vietnamese constructional steel prices set to soar

Vietnam's domestic steel price is expected to soar as a result of China's anticipated tax adjustment from 15 percent to 25 percent, said by Vietnam Iron and Steel Association.

 

Currently the construction steel price is offered as US$623/ton to US$747/ton in the local market. However, if China's export tax has been firmly applied to slab and plus Vietnam's 2 percent import tax, then the construction used steel can be predicted to go up more than US$810/ton.