Steel prices today, December 17th: Domestic market stable, iron ore prices slightly increase.

The domestic steel market maintained stable prices on December 17th. On the international market, iron ore prices recovered slightly due to expectations that Chinese mills would replenish their inventories.

On December 17th, the domestic construction steel market continued to maintain stable prices, with no new adjustments recorded. On the international market, steel prices fluctuated in opposite directions, while iron ore prices saw a slight recovery after hitting a five-month low, mainly due to expectations of increased inventory stockpiling by Chinese mills.

Global market developments

On the Shanghai Futures Exchange (SHFE), the price of rebar futures for August 2026 delivery remained almost unchanged at 3,093 yuan/tonne, reflecting cautious investor sentiment.

Meanwhile, iron ore futures prices recovered. The most actively traded iron ore contract on the Dalian Commodity Exchange (DCE) rose 0.66% to 758 yuan/tonne (approximately $107.63/tonne). Similarly, on the Singapore exchange, the January iron ore futures contract also increased 0.41% to $101.95/tonne.

Iron ore prices recovered slightly while steel prices on the Shanghai exchange remained unchanged.

The upward momentum in iron ore prices stemmed from expectations that Chinese steel mills would increase imports in preparation for the Lunar New Year holiday. However, this upward trend was hampered by increased supply. Data from consulting firm Mysteel showed that exports from Australia and Brazil rose 11.7% year-on-week, reaching 29.67 million tonnes as of December 14th.

For other raw materials, coking coal prices fell 0.62%, while metallurgical coal prices rose 0.27%. Other steel products on the Shanghai exchange showed mixed performance: rebar rose 0.23%, hot-rolled coil increased 0.28%, while wire rod fell 0.39% and stainless steel declined 1.67%.

Domestic steel prices remain stable.

According to data from SteelOnline.vn, steel prices in the domestic market have remained unchanged. Major brands have maintained their listed prices across all three regions.

Northern region

• Hoa Phat Steel: CB240 steel coils are priced at 13,500 VND/kg; D10 CB300 ribbed steel bars are priced at 13,090 VND/kg.
• Viet-Italian Steel: CB240 steel coils are priced at 13,640 VND/kg; D10 CB300 ribbed steel bars are priced at 12,880 VND/kg.
• Viet Duc Steel: CB240 steel coils are priced at 13,350 VND/kg; D10 CB300 ribbed steel bars are priced at 12,850 VND/kg.

Central region

• Hoa Phat Steel: CB240 steel coils are priced at 13,500 VND/kg; D10 CB300 ribbed steel bars are priced at 13,090 VND/kg.
• Viet Duc Steel: CB240 steel coils are priced at 13,650 VND/kg; D10 CB300 ribbed steel bars are priced at 13,050 VND/kg.
• VAS Steel: CB240 steel coils are priced at 13,430 VND/kg; D10 CB300 ribbed steel bars are priced at 12,830 VND/kg.

Southern region

• Hoa Phat Steel: CB240 steel coils are priced at 13,500 VND/kg; D10 CB300 ribbed steel bars are priced at 13,090 VND/kg.
• VAS Steel: CB240 steel coils are priced at 13,130 VND/kg; D10 CB300 ribbed steel bars are priced at 12,730 VND/kg.

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Source: https://baonghean.vn/gia-thep-hom-nay-1712-thi-truong-trong-nuoc-on-dinh-quang-sat-tang-nhe-10315540.html