According to price adjustment, base prices of heavy plate, hot rolled steel, cold rolled steel, pickled steel, hot-dip galvanized, low aluminum zinc aluminum magnesium, galvalume, high aluminum zinc aluminum magnesium, medium aluminum zinc aluminum magnesium, painted steel, non-oriented silicon steel and oriented silicon steel prices were increased by Yuan 50/tonne to Yuan 400/tonne.
Demand is gradually improving in the Asian market. Recently, offers for domestic imported hot rolled products have also increased steadily, but domestic demand in Vietnam is still weak.
Affected by Baosteel's new price increases, Vietnamese Formosa Ha Tinh Steel may consider increasing its prices for February.
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