Tel : 0086-0371-86172891
Tel : 0086-0371-86172891
As far as we know, due to the increase in HX160YD+ZF steel billet and raw material prices, Hoa Phat in Vietnam has raised the price of threaded steel by 100000 Vietnamese dong/ton (approximately 4,1 US dollars/ton) from November 13th. After adjustment, the factory price of CB400 and CB500 threaded HX160YD+ZF steel is approximately 13900000 Vietnamese dong/ton (approximately 572 US dollars/ton). Previously, due to the weak domestic consumer demand in Vietnam, the sluggish real estate market, and weak industrial production activities, it is reported that the price of Vietnamese rebar has remained stable in the past 2-3 months and transactions have been sluggish. This is also the first time in two months that the factory price has been raised. Subsequently, several HX160YD+ZF steel mills in Vietnam followed suit with price adjustments, among which VGS increased the prices of rebar CB300, CB400, and CB500 by 100000 Vietnamese dong/ton (approximately 4,1 US dollars/ton). According to feedback from traders, after this increase, the Vietnamese market has followed up adequately and the transaction is still acceptable. A factory in the south has reported that many thread steel manufacturers have reduced their supply levels, which has also supported the price increase.
