At the end of Friday (March 7), construction steel price drops by 0.8% while hot rolled steel price drops by 0.7% and the bảng báo giá thép hộp is down by 0.3%, according to Reuters.

Iron ore futures contract in China slipped due to concerns about the global economic downturn due to the outbreak of corona virus, down 1.6% to 654 yuan / ton but on the rise. weekly close to 7% compared to the previous week.