World steel prices
At the end of the trading session on April 14, the price of rebar for May delivery on the Shanghai Futures Exchange increased by 0.26% (8 yuan) to 3,052 yuan/ton. Meanwhile, the price of iron ore for May delivery on the Dalian Exchange increased by 0.6% (4.5 yuan) to 757.5 yuan/ton, while the price of ore on the Singapore Exchange increased by 1.01 USD to 98.13 USD/ton.
In a more tense development, British Business Secretary Jonathan Reynolds said on April 13 that China would no longer be welcome in the British steel industry, after the government was forced to enact emergency legislation on April 12 to secure control of British Steel, a business currently owned by the Jingye Group (China), according to Reuters.
The main reason, according to Mr Reynolds, was Jingye’s refusal of a financial support package worth around £500 million ($654 million) from the government, which was intended to prevent irreparable damage to the group’s blast furnaces. The government said the refusal left it with no choice but to intervene directly. British Steel has not yet commented.
In an interview with Sky News, Mr Reynolds said that, in the face of global overcapacity in the steel industry and the challenges posed by US tariffs, Jingye wanted to import steel from China to process in the UK. However, the closure of the blast furnaces at British Steel’s Scunthorpe plant – which need to run continuously and are losing £700,000 a day – would leave the UK the only major economy unable to produce primary steel from iron ore, coking coal and other raw materials.
He also stressed that large industrial groups like Jingye have close ties to the Chinese Communist Party, and Beijing would understand why Jingye's proposal was unacceptable to the British government.
“We have to be clear about where we can encourage cooperation, and where we cannot. Personally, I would not let a Chinese company participate in our steel industry. This is an extremely sensitive area,” he said.
Jingye Group bought British Steel from the government in 2020 after the company fell into bankruptcy.
Since coming to power in 2024, the Labour government has sought to boost relations with China, following a period of tension under previous Conservative governments over human rights, Hong Kong and investment restrictions over security concerns.
Still, Mr Reynolds said he viewed other sectors such as auto manufacturing, life sciences and agriculture as less sensitive, and still suitable for Chinese investment.
Domestic steel prices
According to the reporter's records at 7:00 a.m. on April 15, 2025, today's steel prices updated from SteelOnline.vn, steel prices in the Northern, Central and Southern regions increased slightly for some brands, currently steel prices range from 13,380 - 14,200 VND/kg for products such as CB240 and D10 CB300.
Steel price today April 15 in the Northern region
Viet Duc Steel: CB240 rolled steel is priced at VND13,500/kg; D10 CB300 ribbed steel is priced at VND13,800/kg.
Hoa Phat Steel: CB240 rolled steel at 13,550 VND/kg; D10 CB300 ribbed steel at 13,600 VND/kg.
Viet Sing Steel: CB240 coil steel price 13,450 VND/kg; D10 CB300 ribbed steel price 13,650 VND/kg.
Steel price today April 15 in the Central region
Viet Duc Steel: CB240 rolled steel costs 13,800 VND/kg; D10 CB300 ribbed steel is 14,200 VND/kg.
Hoa Phat Steel: CB240 coil steel at 13,650 VND/kg; D10 CB300 ribbed steel at 13,750 VND/kg.
Steel price today April 15 in the Southern region
Hoa Phat Steel: CB240 rolled steel at 13,550 VND/kg; D10 CB300 ribbed steel remains at 13,650 VND/kg.
VAS Steel: CB240 coil steel price is 13,380 VND/kg; D10 CB300 ribbed steel bar is 13,480 VND/kg.
TungHo Steel: CB240 coil steel is priced at 13,400 VND/kg; D10 CB300 ribbed steel is 13,750 VND/kg.
Source: https://baodaknong.vn/gia-thep-hom-nay-15-4-dong-loat-khoi-sac-249410.html
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