Steel price today April 27: Slight decrease

Steel prices fell slightly in the last trading session of the week as the market awaited US-China trade negotiations, however, iron and steel prices still recorded a week of increasing trend.

World market

At the end of the trading session on April 25, the price of rebar for May delivery on the Shanghai Stock Exchange decreased by 0.2% (6 yuan) to 3,034 yuan/ton. Similarly, the price of iron ore for May delivery on the Dalian Stock Exchange decreased by 0.97% (7.5 yuan) to 763.5 yuan/ton, while the price of ore on the Singapore Stock Exchange decreased by 1.03 USD to 98.42 USD/ton.

Compared to the end of last week, the price of steel bars on the Shanghai Stock Exchange, the price of iron ore on the Dalian Stock Exchange and Singapore Stock Exchange changed by +0.6%, +0.6%, +0.9% respectively.

Indian Prime Minister Narendra Modi has called on steelmakers to work towards zero steel imports and becoming a net exporter. He made the call during a virtual address at the India Steel 2025 conference, according to Business Standard.

Domestically, construction steel prices at some businesses are stable.

Mr Modi sees the steel industry as a cornerstone of his vision of a developed India.

The Prime Minister has outlined an ambitious roadmap for the industry, saying India should increase its steel production capacity to 500 million tonnes per annum by 2047 and increase its export potential to 25 million tonnes.

According to preliminary government data, India has become a net importer of steel coils in the 2024/25 financial year (ending March 2025). During this period, imports reached a nine-year high of 9.5 million tonnes (up 14.8% year-on-year). Meanwhile, exports of steel coils fell 35.1% year-on-year to 4.86 million tonnes.

Mr. Modi stressed that the government’s major initiatives are boosting the demand for steel and ensuring growth in infrastructure and housing across the country. He also noted that it is now mandatory for all government projects to use domestically produced steel.

The Indian Prime Minister also called on both the public and private sectors to invest in research, development and innovation, stressing that the steel industry needs to be “future-ready” to remain competitive in the global market.

According to GMK Center, India has imposed a temporary safeguard duty of 12% on some imported steel products to counter cheap steel, mainly from China. According to an official decision from the Indian Ministry of Finance, this duty will be effective for 200 days (from April 21, 2025), unless it is revoked, replaced or amended earlier.

Domestic market

Domestically, construction steel prices at some enterprises are stable. Specifically, the price of Hoa Phat's CB240 steel is recorded at 13,550 VND/kg, CB300 steel is 13,600 VND/kg. Similarly, at Viet Sing Steel Enterprise, the price of CB240 steel is recorded at 13,450 VND/kg, D10 CB300 steel is quoted at 13,650 VND/kg. Meanwhile, Viet Duc Steel records D10 C300 at 13,740 VND/kg, and CB240 steel at 13,500 VND/kg.

In the North, Viet Duc Steel prices were recorded at VND13,500/kg for CB240 coil steel and VND13,800/kg for D10 CB300 ribbed steel. Hoa Phat Steel sold CB240 coil steel at VND13,550/kg and D10 CB300 steel at VND13,600/kg. Meanwhile, Viet Sing Steel had slightly lower prices, with CB240 coil steel at VND13,450/kg and D10 CB300 steel at VND13,650/kg.

In the Central region, Viet Duc steel prices are higher, with CB240 rolled steel reaching VND13,800/kg and D10 CB300 steel reaching VND14,200/kg. Hoa Phat steel prices in this region are also recorded at VND13,650/kg for rolled steel and VND13,750/kg for ribbed steel.

In the South, Hoa Phat steel prices were stable with CB240 coil steel at VND13,550/kg and D10 CB300 steel at VND13,650/kg. VAS steel prices were lower, with CB240 coil steel at VND13,380/kg and D10 CB300 ribbed steel at VND13,480/kg. TungHo brand also recorded CB240 coil steel at VND13,400/kg and D10 CB300 ribbed steel at VND13,750/kg.

Source: https://baodaknong.vn/gia-thep-hom-nay-27-4-giam-nhe-250733.html