Posted on 05 Mar 2009
In the domestic market, a fall in lending rates helped enterprises speed up the progress of construction works so the sales of steel in February increased to 270,000 tonnes while steel makers' stockpiled volume was about 230,000 tonnes, reported Ministry of Industry and Trade.
In addition, thanks to the import of steel in January decreased, so the volume of inventory steel billet of
The current price of steel billet on the world market is common at US$400-430 per tonne (Cost and Freight (CFR)) while Asia's price of hot rolled steel stands at US$580 per tonne (China's fob price) because steel manufacturers such as Posco of Korea, Japan's Nippon Steel cut down production output.
In
Product price of Thai Nguyen Cast Iron and Steel Co is 10.6 million dong per tonne (VAT excluded) while that of Southern Steel Co is 11.2 million dong a tonne.
