According to statistics preliminary, steel import embryo of Viet Nam in January 10/2008 reached 103 thousand tons with an average price USD 757 per ton. Lot lower cost was imported from China last month to 10 being 587 USD per ton. Thus, compared with May 9, demand embryo cost imports in tháng 10 decreased to 34% compared to May 9 and is the lowest level within 5 months back here. Compared with the retail price of steel construction at present, small businesses are holes about 3 million tons.

According to statistics officially, embryo imported steel in Viet Nam in 9 months in 2008 reached 2 million tons with a value of USD 1.46 billion, an increase of 34.25% and 100.55% of the value in comparison with the same period in 2007.
 

Among the markets provide embryo for Viet Nam steel, imported from China during the recent continuous reduction in strength. 9 / 2008, embryo of steel imports from China continue to reduce over 60% compared with the previous month and compared with the same period in 2007 which makes the amount of imports from this market in 9 months of 2008 decreased 26.55% compared 9 months with the same period last year. Meanwhile, 9 months this year, the embryo of steel imported from Russia, Ukraine, Japan ... a very strong increase.
 

Recently, many companies have stopped importing steel embryo by domestic consumption and slow inventories also large. 9 / 2008, only 13 enterprises participated imported steel embryo with the quantity is very limited. Duy only 2 business is Vinakyoei Steel Company and Steel Co., Khanh An increase in the strength of imports.

Standards 9 months in 2008, embryo of steel importers of most enterprises, one of 20 companies importing the largest, increased strongly compared with the same period in 2007.

Top 20 companies import more steel embryo in 9 months in 2008

Steel enterprises should continue to cut losses

Before the pressure of price reduction on the world market, prices of steel for construction to the agents of the Steel Corporation, Viet Nam in the past week continued to reduce the additional 500-700 thousand per ton (reduced from 4-6% ) Compared with the previous week but down 11,05-11,15 million tons (no VAT but have included public transport). Retail prices of goods this decrease is only 11.8 million tons. Currently, the retail agents most interest are only part of discounts (up to 250 thousand dong per ton).

Compared to the China market, prices of retail goods and steel is still higher than 4 million tons. Level difference this makes the trend to Chinese imports into the Vietnamese market increased strongly.

Prices of steel construction of China offered to Viet Nam at the end tháng 10 at 4,300 NDT / ton (equivalent to 10.12 million tons). However, the price of the transaction at around 3900 NDT / ton (equivalent to 9.1 million VND per ton).

With inventories of large, domestic market China consumed slowly, the price difference compared to the Vietnamese market is large, the Chinese enterprises will also reduce the cost for export to Viet Nam.

Before this situation, State Business Information proposal, the enterprises producing steel of Viet Nam should continue to cut holes to release inventory obtain capital return business.

Reference price of China Steel offered to Viet Nam through the Mong Cai border gate at 25/10/2008