Steel price rose to around 2 million VND per tonne from the end of 2006 due to the increasing prices of imported steel ingot, energy and transportation, said the Viet Nam Steel Association (VSA).
In an official dispatch sent to the Ministry of Finance on July 20, the VSA said that the price of imported steel ingot rose from 389 USD per tonne in 2006 to 513 USD per tonne in June 2007.
The VAS said that steel producers are required to reduce production costs and dependence on imported steel ingot to stabilize price on the local market.
Locally manufactured steel ingot is expected to meet almost half of the domestic market’s demand this year and the proportion is expected to reach up to 80 percent when more steel ingot plants are put into operation, said the VSA.
Source: VNA
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment