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Steel price today February 19: continuing to increase

Báo Kinh tế và Đô thịBáo Kinh tế và Đô thị19/02/2025


Steel futures prices increased across the board on the exchange.
Steel futures prices increased across the board on the exchange.
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 October 2025 delivery rose 20 yuan to 3,372 yuan/t.

Iron ore futures traded in a narrow range, as investors weighed a recovery in shipments from key supplier Australia against expectations of more stimulus from top consumer China, which could boost demand.

The most-traded iron ore contract for May on China's Dalian Commodity Exchange (DCE) rose 0.75% to 804 yuan ($110.59) a tonne.

However, benchmark iron ore for March delivery on the Singapore Exchange fell 0.38% to $105.30 a tonne, pressured by a stronger dollar that makes greenback-denominated commodities more expensive for holders of other currencies.

Iron ore shipments from Australia are expected to increase after major ports reopened following tropical cyclone Zelia, putting pressure on prices.

“With the resumption of exports from Australia’s largest iron ore port, the market is shifting focus to broader demand dynamics,” ANZ analysts said.

Hot metal output, a gauge of iron ore demand, is likely to hover around 2.28 million tonnes, close to the latest assessment as of Feb. 14 from consultancy Mysteel in late February, according to GF Futures.

But market participants saw output gradually increasing as many steel mills resumed production after China's Lunar New Year holiday.

“Slow recovery in ore demand will keep a lid on price gains,” GF Futures added.

However, ANZ analysts noted that "there is speculation that the upcoming meeting in China will introduce more proactive policies to stimulate consumption".



Source: https://kinhtedothi.vn/gia-thep-hom-nay-19-2-tiep-da-tang.html

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