Steel price today January 4: continues to decrease

Benchmark steel prices on the Shanghai Futures Exchange fell.

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 August 2025 delivery fell 14 yuan to 3,288 yuan/t.

Singapore iron ore futures fell below the psychologically important $100 a tonne level as some traders liquidated long positions on weak demand, after most steelmakers in China, the top buyer, completed restocking ahead of the holiday.

Benchmark iron ore for February delivery on the Singapore Exchange fell 2.67% to $98.20 a tonne, its lowest since Nov. 18.

The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) fell 2.37 percent to 762.5 yuan ($104.46) a tonne, its lowest since Dec. 30.

Both benchmarks are on track for a third straight week of declines, down 0.3 and 0.7 percent respectively, largely due to seasonal weakness in demand for key steelmaking raw materials.

Dalian iron ore falls 16% by 2024 and Singapore benchmark falls 18.5%.

Data from consultancy Mysteel showed that average daily hot metal output at surveyed steelmakers fell for a seventh straight week, down 1.2% to its lowest since late September at 2.25 million tonnes as of Jan. 2.

“Some bulls have closed positions as downside risks have increased with many steel mills recently starting maintenance, which has affected demand for raw materials including iron ore,” said Steven Yu, senior analyst at Mysteel. “Moreover, iron ore shipments have shown signs of increasing.”

China's Lunar New Year begins on January 28 and domestic steelmakers typically build up inventories to meet production needs during and after the holiday.

Other steelmaking components on the DCE fell, with coking coal down 2.34% and 3.16% respectively.

Benchmark steel prices on the Shanghai Futures Exchange fell. Rebar fell 1.27%, hot-rolled coil fell 1.32% and stainless steel fell 0.63%.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-4-1-tiep-tuc-giam.html