World market:

• Chinese market Market demand has fluctuated recently due to the loosening of environmental control policies, but transactions are still unstable.

• Prices of steel products on the Shanghai bourse increased slightly today, May 18. Partly because of the loosened real estate policy information, however, steel demand is still weak.

Domestic market:

• Construction steel: The market adjusted down prices in the session 17/5, adjusted down 200 VND/kg for rebar products.

• Scrap: The market today continued to record the next decline when Tue Minh dropped 200 VND/kg with scrap price

• HRC sheet: Traders actively reduce 100-200 VND/kg to stimulate demand.