Stainless steel prices rising steeply

10:10, 31/10/2010

ĐN)- Stainless steel prices are rising sharply on the domestic market. At present, the prices of stainless steel products rise by VND 1,500 – VND 4,000 per kilo.

(ĐN)- Stainless steel prices are rising sharply on the domestic market. At present, the prices of stainless steel products rise by VND 1,500 – VND 4,000 per kilo. Especially, the price of 304 grade stainless steel increased by VND 6,000 per kilo compared with the mid-2010. Stainless steel products on the domestic market are mostly imported from China, Taiwan and Japan.

The increase in US dollar and the Chinese currency has led to higher prices for stainless steel products.

Reported by Van Nam