Steel price today January 20: continuing to increase

Most steel benchmarks on the Shanghai Futures Exchange rose.

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 44 yuan to 3,390 yuan/t.

Iron ore futures rose, supported by lower shipments from a major producer and growing expectations for further interest rate cuts by the US Federal Reserve following weaker-than-expected inflation data.

The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) rose 0.64 percent to 787 yuan ($107.35) a tonne, having hit 792 yuan earlier in the session, its highest since Dec. 18.

Benchmark iron ore for February delivery on the Singapore Exchange traded 0.43% higher at $101 a tonne. It hit its highest since Jan. 1 at $101.90 earlier in the day.

Other steelmaking components on the DCE rose, with coking coal and coke up 1.52% and 1.65% respectively.

Most steel benchmarks on the Shanghai Futures Exchange rose. Rebar rose 0.33%, hot-rolled coil rose 0.44%, stainless steel rose 0.11%, while steel bars fell 0.25%.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-20-1-tiep-da-tang.html