We believe you were happy and safe spending time with your family and friends during this New Year.
We hope this New Year brings a lot of opportunities for you with greater excellence. We hope by each passing day our business relation builds stronger and better...
Today's topic is:
・Renewed ISO 9001 & 14001 Certificates
・Steel market move
・Ho Chi Minh City - Transforming
We are always with you.
Renewed ISO 9001 & 14001 Certificates
Steel market move
Japan: Japan’s domestically-generated H2 grade scrap saw price rise up for the tenth straight week till December 28-Jan 1 in the domestic markets by an increase of nearly Yen 500/ton ($5/t).
Asia: From September 2020, Vietnam domestic steel scrap has increased over 26% while imported steel scrap increased 30%. Construction steel products increased 20-25% but with limited supply. The price of HRC also increased about 40% and climbed to USD700/ton in January 2021. Formosa Hatinh Steel, is offering the price with an increase of USD65/ton for March shipment. Another HRC producer, Hoa Phat Steel, has received orders for more than 300% of its production capacity until now.
Euro: ArcelorMittal Europe increased its offer of HRC across Europe to EUR700/ton EXW price while other steel producers are expecting to do the same and planning to push up by EUR20/ton.
North America: HRC in the US continues to climb toward US$1,000/short ton in the final week of December 2020 maintaining record-high price with limited availability and long lead times.South America: Prices for flat steel products in the Brazilian domestic market have continued to increase in December due to lack of material supply and a recovery in demand for the products are seen, the prices are up by 4% - 7% in December.
Ho Chi Minh City - Transforming