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 The futures contract for May 2019 on Shanghai bourse rose 1.6% to CNY 3,842 (USD 572.55) per ton before ending the session at CNY 3,790 (up 0.2%). HR coil also increased by 1.1% to 3,793 CNY, but failed to hold that price until closing time, and ended the session down slightly by 0.5% to 3.731 CNY / ton.

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Iron ore is similar to hot rolled coils, sometimes increasing sharply by 1.7% to 616 CNY / ton, but at closing it decreased 0.3% to 603.5 CNY / ton. This item on 12/2/2019 amounted to 657.5 CNY after Vale's waste dam breach, but since then has risen erratically.
Rising steel prices and production restrictions to address air pollution have caused demand for iron ore to fall recently while inventories at Chinese ports continue to rise.
Immediately, the debate about China's steel demand caused investors to be cautious, including investing in fixed assets and industrial products.

Steel and other construction materials in the country "jump" prices Since the beginning of the year, the price of steel and other construction materials in Ho Chi Minh City has increased by 5% - 7% According to the report of the Ministry of Industry and Trade, Vietnam's crude steel output has increased sharply in the first 2 months due to increased construction demand. Accordingly, rolled steel is estimated at 430,000 tons, up 3.38%; bar and angle steel is estimated at 391,700 tons, up 36.42%. Generally for the first 2 months of the year, crude steel production reached 3.295 million tons, up 75.9% over the same period in 2018. According to Dinh Cong Khuong, Khuong Mai Steel Company, from the beginning of 2019, the world steel market maintained a strong rise in price due to the increase in the price of iron ore and steel billets in the world. In particular, the price of iron ore skyrocketed from the beginning of the year due to the breakdown of waste water in the ore mining area of Vale Group on January 25 made the world steel market worry about the iron ore supply from Brazil interrupted. Currently, hot rolled steel of China type 3-12 li (mm) is offering 530-545 USD / ton, up 1% -7% compared to Tet.

In the domestic market, construction steel price also increased for 3 consecutive times with a popular increase of VND 550,000-650,000 / ton. According to the explanation of enterprises, the price of steel increased due to the price of raw materials in the world, also due to the high import tax on steel, the amount of Chinese steel in Vietnam is limited. While after Tet is the construction season, construction material prices tend to rise. Dealers of construction materials in the suburbs of Ho Chi Minh City such as Binh Chanh and Cu Chi admit that they are selling in the most season of the year, the amount of goods sold increased 20% -25% compared to last year.
Only in the first 2 months of the year, Hoa Phat Steel Company launched 450,000 tons of construction steel, up 24.5% over the same period last year. The representative of Hoa Phat Steel Company said that the market in the Central region, the Central Highlands and the South had an outstanding growth, the output of sales increased nearly half compared to the previous year, in which the South increased dramatically. 3.7 times.
At building materials stores in Ho Chi Minh City, construction steel prices are 6-8 mm ranging from 14,000-15,000 VND / kg, 10-28 mm non-steel at 14,100 - 14,700 VND / kg. According to some construction material stores in two districts 5 and 10, after the Lunar New Year to date, steel prices inched up every day although the increase was not high with about 10% compared to before Tet.