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 17 yuan to 3,325 yuan/t.
Iron ore futures rose to a four-week high, supported by falling shipments from a major producer and growing expectations the US Federal Reserve will cut interest rates further after weaker-than-expected US inflation data.
The most-traded iron ore contract for May delivery on China's Dalian Commodity Exchange (DCE) rose 1.92% to 797 yuan ($108.71) a tonne, its highest since Dec. 18, 2024.
Benchmark iron ore for February delivery on the Singapore Exchange rose 1.87% to $102.45 a tonne, its highest since Dec. 19.
Top iron ore supplier Rio Tinto has reported its lowest annual shipments in two years, partly due to heavy rain in Western Australia that hit output.
A weaker US dollar also provided some support to the key steelmaking component, making the priced commodity cheaper for holders of other currencies.
Additionally, signs that ore demand could pick up further in the coming weeks have supported prices, analysts said, pointing to a potential increase in hot metal output.
Boosting sentiment, Country Garden, once China's top developer by sales, said it expects to report a smaller annual loss in 2024 as the struggling developer tries to revive its business.
Other steelmaking components on the DCE rose, with coking coal up 3.83% and 3.45% respectively, as some traders liquidated short positions, analysts said.
"The recent rally has mainly benefited from expectations of improved steel consumption driven by macro sentiment. Expectations of inventory replenishment have exacerbated price volatility amid low steel inventories," said Zhuo Guiqiu, an analyst at Jinrui Futures.
Source: https://kinhtedothi.vn/gia-thep-hom-nay-17-1-tiep-da-tang-nhe.html
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