Steel price today December 21: continues to lose value

Steel futures benchmarks on the Shanghai Futures Exchange are mixed.

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 13,940 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 13,840 VND/kg.

Viet Duc Steel, with CB240 coil steel line at 13,640 VND/kg, D10 CB300 ribbed steel bar is priced at 13,940 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 13,940 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 13,940 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 June 2025 delivery fell 4 yuan to 3,282 yuan/t.

Iron ore futures traded in a narrow range but were set to fall this week, pressured by a seasonal slowdown in demand in top consumer China as well as concerns about the demand outlook in 2025.

The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended the morning session up 0.06% at 775.5 yuan ($106.25) a tonne, posting a weekly decline of 2.9% so far.

Benchmark January iron ore on the Singapore Exchange fell 0.5% to $101.30 a tonne. Prices have fallen 2.5% so far this week.

Analysts said a sustained decline in hot metal output, often used to gauge iron ore demand, has put pressure on prices of the key steelmaking raw material.

Data from consultancy Mysteel showed average daily hot metal output fell for a fifth straight week, falling 1.3% week-on-week to 2.29 million tonnes in the week to Dec. 20, its lowest since early October.

However, Mysteel data showed that this figure was 1.2% higher than the same period in 2023, indicating that demand remained stable, limiting the downward momentum.

In addition, signals that the US Federal Reserve will slow its rate cuts in 2025 supported the US dollar, putting pressure on commodities priced in the greenback. Other steelmaking components on the DCE rose, with coking coal and coke up 1.21% and 1.57%, respectively.

Steel benchmarks on the Shanghai Futures Exchange were mixed. Steel rebar edged up 0.09 percent, stainless steel edged up 0.19 percent, while hot-rolled coil edged down 0.06 percent and rebar edged down 3.38 percent.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-21-12-tiep-tuc-mat-gia.html