Overview of the domestic steel market in 2017 first quarter

Get the general price development of raw materials in world steel:

• Ore iron type 62% Fe:  Iron ore prices under downward momentum 06/4/2017 days from the end of March, at 80.9 USD / tonne CFR Tianjin port, down 4.4 USD / ton compared to the first month, corresponding to 5.2%. This price is equivalent to 1/2017 compared to earlier.
• Coke coke:  Prices of coke coking coal train after peaking at the end of 2016 around $ 300 / tonne has been turned down. Fat coking coal prices around 185 USD / ton in early 1/2017, continued to decline in the coming months. Premium hard day rates 06/04/2017 JM25 is at US $ 195 / ton CFR China, an increase of 27.5 USD / ton ~ 16.4% compared with the beginning of last month, up 5.4% compared to the beginning QI / 2017.
• Scrap:  The price of scrap steel continues to rise late 2016 and peaked at 315 USD / tonne CFR East Asia on the day 03.13.2017. Then turned down repeatedly. Scrap prices at US $ 250-255 / t cfr East Asia early February and began to rebound rebounded to 3rd week of January 3/2017. Current scrap price remained 265-270 / tonne cfr East Asia.
• Billet:  Prices of billet from late May 2/2017 new momentum continued until 03.09.2017 at 445-450 USD / tonne CFR East Asia. Then leveled off and on 30/3 decrease by 10 USD / ton. Ingot trading on 04/06/2017 at USD 430-440 / t cfr East Asia ports.
• HRC:  As a general trend, the price of hot rolled coils fell from January 3/2017. The highest price in the first quarter / 2017 recorded in the 511 USD / ton dated 02.27.2017. Dated 04.06.2017, the price of hot rolled coil at 475-480 USD / t cfr East Asia, down 34 US dollars / ton compared to early May 3/2017.

Price development of steel production materials market p ường Vietnam and Southeast Asia

The situation of production and sales of steel products in the country QI / 2017:

The exports - imports of steel products month 2/2017:

By July 2/2017, steel imports reached more than 2.7 million tons, with total imports of $ 1.49 billion, down 3.6% in volume, but up 44% in value. China is still the main export market, imports more than 1.5 million tons, accounting for 56.1% of total imports.

Volume and price movements of steel imported into Vietnam

The total export volume of steel in 2 months / 2017 reached 662 , 2 thousand tons with a value of over 414 million, down 52% compared to the same period of 2016. The main export market of Vietnam is still the countries ASEAN reached 410,000 tonnes accounting for 61.92%. Next is the US market (9.15%), Korea (7.37%), Taiwan (7.01%), etc.

(Quote Bulletin month 4/2017 Steel Association)