Steel prices in the North
According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 13,690 VND/kg; D10 CB300 ribbed steel bar is priced at 13,840 VND/kg.
Viet Y steel brand, CB240 rolled steel line is priced at 13,640 VND/kg; D10 CB300 ribbed steel bar is priced at 13,740 VND/kg.
Viet Duc Steel, with CB240 coil steel line at 13,640 VND/kg, D10 CB300 ribbed steel bar is priced at 13,840 VND/kg.
Viet Sing Steel, with CB240 coil steel priced at 13,600 VND/kg; D10 CB300 ribbed steel bar priced at 13,800 VND/kg.
VAS steel, with CB240 coil steel line at 13,600 VND/kg; D10 CB300 ribbed steel bar is priced at 13,700 VND/kg.
Steel prices in the Central region
Hoa Phat Steel, with CB240 coil steel line at 13,690 VND/kg; D10 CB300 ribbed steel bar is priced at 13,840 VND/kg.
Viet Duc Steel, currently CB240 coil steel is at 13,940 VND/kg; D10 CB300 ribbed steel is priced at 14,340 VND/kg.
VAS Steel currently sells CB240 coil steel at 13,910 VND/kg; D10 CB300 ribbed steel bar is priced at 13,960 VND/kg.
Steel prices in the South
Hoa Phat Steel, CB240 rolled steel is at 13,690 VND/kg; D10 CB300 ribbed steel is priced at 13,840 VND/kg.
VAS steel, CB240 coil steel line is at 13,700 VND/kg; D10 CB300 ribbed steel bar is priced at 13,800 VND/kg.
Steel prices on the exchange
Rebar on the Shanghai Futures Exchange (SHFE) for May 2025 delivery rose 18 yuan to 3,305 yuan/t.
Iron ore futures extended gains, supported by better-than-expected Chinese credit data, but concerns about escalating trade tensions ahead of U.S. President-elect Donald Trump’s inauguration next week capped gains.
The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) ended the morning session up 0.71 percent at 782.5 yuan ($106.73) a tonne, after hitting its highest since Jan. 2 at 787.5 yuan a tonne.
Benchmark iron ore for February delivery on the Singapore Exchange rose 0.31% to $100.65 a tonne after hitting its highest since Jan. 2 at $101.15 earlier in the day.
Chinese banks extended 990 billion yuan ($135.03 billion) in new loans last month, up from November 2024, far exceeding analysts’ forecasts and boosting sentiment in the steel market. Prices of the key steelmaking ingredient have risen about 4% so far this week on rising stimulus bets and strong steel trade data.
“Markets also remain hopeful of further stimulus following recent comments from Vice Finance Minister Liao Min that China has enough fiscal firepower to respond to external challenges,” ANZ analysts said.
However, price increases have slowed amid concerns about demand amid China’s protracted property market and slowing economic growth due to the potential for higher U.S. tariffs. Country Garden, once China’s largest developer and now facing a liquidation lawsuit, reported big losses on Tuesday in its long-overdue 2023 and interim 2024 financial results.
China's economic growth is likely to slow to 4.5% in 2025 and cool further to 4.2% in 2026. Other steelmaking components, including coking coal and petrochemicals, are little changed on the DCE.
Steel benchmarks on the Shanghai Futures Exchange rose. Rebar rose 0.76%, hot-rolled coil rose 1.03%, steel bars rose 0.2% and stainless steel fell 0.08%.
Source: https://kinhtedothi.vn/gia-thep-hom-nay-16-1-tiep-da-tang.html
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