Construction steel sales in April reached 884,401 tons, down 39% compared to March and down 33.6% over the same period in 2021. Steel exports in April reached 174,637 tons, down sharply 44% month on month. but up 4.7% over the same period in 2021.
According to the Vietnam Steel Association (VSA), in April, the production and sales of construction steel dropped sharply compared to the previous month and the same period in 2021.
Construction steel production in April reached more than 1.1 million tons, down 18% compared to March and down 3.8% over the same period in 2021.
Sales reached 884,401 tons, down 39% from March and down 33.6% over the same period in 2021. Steel exports in April reached 174,637 tons, down sharply 44% month on month but up 4.7% compared with the same period in 2021.
Biểu đồ bán hàng thép xây dựng năm 2019-2022. (Nguồn: VSA)
The price of raw materials has decreased continuously since the end of March, causing the market to slow down. Distributors seek to reduce inventory, so the factory’s output is much lower than usual.
Factories are looking for more export markets and boosting exports (Cambodia, Hong Kong, Canada, USA…). However, in the Chinese market, demand is still weak due to the government’s implementation of control measures. strict control of the COVID-19 epidemic. This puts construction steel prices in the domestic market under pressure.
The domestic selling price of construction steel in early May has been adjusted down by an average of 300-500 VND/kg since the end of April, currently at an average of 18,250-18,500 VND/kg depending on each product category and each business. specific industry and region.
T&G Import-Export Joint Stock Company
Address: 352 Hue Street, Le Dai Hanh Ward, Hai Ba Trung District, Hanoi
Hotline: 02473010868
Email: hrm@tginterjsc.com
Website: http://tgimportexport.co
