On April 10, the domestic steel market was not volatile. On the Shanghai exchange, with steel maturing in November 2023, it rose to 3,971 yuan/ton.
Steel prices in the North
According to SteelOnline.vn, Hoa Phat steel brand, with its 2 products including the CB240 series of rolled steel at 15,168 VND/kg; D10 CB300 bar steel costs 15,890 VND/kg.
Viet Italian steel, CB240 rolled steel at 15,600 VND/kg; with D10 CB300 steel line priced at 15,550 VND/kg.
The market thép is notôcó
Photo: Tata steel
The steel market has no fluctuations. Photo: Tata steel
Vietnam Sing Steel, both lines of its steel, including CB240 roll steel, cost 15,430 VND/kg; D10 CB300 bar steel at 15,780 VND/kg.
Viet Duc steel has no fluctuations, with CB240 rolled steel at 15,400 VND/kg; D10 CB300 bar steel costs 15,760 VND/kg.
VAS steel, currently CB240 coil steel, is currently at 15,380 VND/kg; D10 CB300 bar steel costs 15,530 VND/kg.
Viet Nhat steel brand, with a CB240 roll steel line at 15,580 VND/kg; D10 CB300 bar steel costs 15,630 VND/kg.
Steel prices in the Central region
Hoa Phat Steel, 2 of its products including the CB240 series of rolled steel at 15,580 VND/kg; D10 CB300 bar steel costs 15,790 VND/kg.
Viet Duc steel, CB240 roll steel at 15,760 VND/kg; D10 CB300 bar steel costs 16,010 VND/kg.
VAS steel, with D10 CB300 bar steel, costs 15,530 VND/kg; CB240 coil steel at 15,380 VND/kg.
Pomina steel, currently the CB240 coil steel line at 16,520 VND/kg; the D10 CB300 bar steel line costs 16,580 VND/kg.
Southern steel prices
Hoa Phat Steel, with CB240 rolled steel at 15,680 VND/kg; D10 CB300 bar steel currently costs 15,930 VND/kg.
VAS steel, CB240 coil steel at 15,430 VND/kg; D10 CB300 bar steel costs 15,530 VND/kg.
Tung Ho steel, with CB240 rolled steel at 15,430 VND/kg; D10 CB300 bar steel costs 15,730 VND/kg.
Pomina steel, with a CB240 coil steel line at 16,680 VND/kg; D10 CB300 bar steel costs 16,680 VND/kg.
Steel prices on the exchange
The price of steel delivered due October 23 on the Shanghai exchange rose by 46 yuan to 3,971 yuan/ton.
And with the price of steel delivered in the delivery period of March 2024, it increased by 6 yuan to 3,893 yuan/ton.
Iron ore prices fell due to disappointing steel demand data from China, production of construction steel products, including tree steel and rolled steel, fell 1.04% year-on-week to 4.23 million tons as of April 6, while demand for both types fell 6.7% year-on-year to 4.23 million tons year-on-year. data from consulting firm Mysteel showed.
The 62% Fe imported into northern China fell 0.45% on April 6, to 119.24 USD/ton, the lowest level since January. The September iron ore futures contract most traded on the Dalian Commodity Exchange (DCE) ended trading on the day lower by 1% at a two-week low of 793 yuan ($115.35) per tonne.
China’s National Reform and Development Commission (NDRC) said it would strengthen its monitoring of the iron ore market and urge future contract companies not to intentionally exaggerate the price increase.
“The most important thing is actual demand (steel) performance right now. If demand cannot increase as expected, prices (iron ore) can be under more pressure,” said a Shanghai-based iron ore analyst.
Analysts at Everbright Futures said, “Recently demand for steel is relatively weak while output is hovering at high levels, causing prices to fall under pressure.”
Source: Economics & Urbanism