Construction steel retail price has started to be on downward trend after a long time of skyrocketing. This has been the first reduction in steel retail price since early this year.
Currently, the steel is sold to consumers at around VND 16 – 16.5 million a tonne depending on different categories, a VND 200,000 per tonne reduction but around VND 500,000 – 700,000 a tonne higher than the selling price of steel at plants.
According to some experts, after a duration of stockpiling steel to keep its price, in the context that the domestic and world steel prices have trended downwards and the amount of steel in stock is big, speculators have started to sell their big amount of steel in stock.
Steel prices at plants over the past 20 days have been kept unchanged whereas the steel retail price has decreased, showing that there has been price manipulation for the item of goods. Despite the decline, the steel price now is still around VND 3.5 million a tonne higher than that in
Source: nhandan.org
- 13/07/2010 16:31 - Invitation for Bids (IFB): Package HAN5: Ha Noi Data Center
- 06/05/2010 15:06 - Hanoi Power Corporation makes its debut
- 14/03/2010 20:29 - ABB opens factory in Vietnam
- 10/03/2010 11:31 - Hanoi Industrial Parks target to attract US $ 180 Million project this year
- 04/11/2009 23:59 - Vietnam bars CFCs to protect ozone layer
- 04/11/2009 23:51 - 5 million USD for biomass project
- 21/10/2009 15:39 - Nuclear power plant: The cheapest does not always mean the best
