Vietnamese constructional steel prices set to soar

Posted on 22 November 2007
 

Source: Yieh, November 20, 2007

Vietnam's domestic steel price is expected to soar as a result of China's anticipated tax adjustment from 15 percent to 25 percent, said by Vietnam Iron and Steel Association.

 

Currently the construction steel price is offered as US$623/ton to US$747/ton in the local market. However, if China's export tax has been firmly applied to slab and plus Vietnam's 2 percent import tax, then the construction used steel can be predicted to go up more than US$810/ton.

 



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