Report

Steel and steel material prices in 3Q2023: Stable trend but dampened demand

  • World steel material prices were mixed: iron ore and scrap remained up, while coking coal and HRC decreased.
  • Price trend in Q3: low construction season, unlikely to drop sharply, but demand from the domestic market is going to remain weak and cannot provide a sustainable driver for steelmakers’ profitability to recover.  
Provider
Viet Dragon Securities
Viet Dragon Securities

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Analysts
Trinh Nguyen

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