Iron ore prices fell due to concerns about instability.

Iron ore prices fell due to concerns about instability; steel prices rose on the exchange.

Steel prices in Northern Vietnam

According to SteelOnline.vn, Hoa Phat steel brand offers CB240 steel coils at 13,580 VND/kg; and D10 CB300 ribbed steel bars at 13,790 VND/kg.

Viet Y Steel brand offers CB240 steel coils at 13,530 VND/kg; D10 CB300 ribbed steel bars are priced at 13,640 VND/kg.

Viet Duc Steel offers CB240 steel coils at 13,530 VND/kg and D10 CB300 ribbed steel bars at 13,890 VND/kg.

Viet Sing Steel offers CB240 steel coils at 13,500 VND/kg and D10 CB300 ribbed steel bars at 13,700 VND/kg.

VAS steel, with CB240 coiled steel at 13,500 VND/kg; D10 CB300 ribbed steel bar at 13,600 VND/kg.

Steel prices in Central Vietnam

Hoa Phat Steel's CB240 coiled steel is priced at 13,580 VND/kg; D10 CB300 ribbed steel bars are priced at 13,790 VND/kg.

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At Viet Duc Steel, the current price for CB240 steel coils is 13,990 VND/kg; and for D10 CB300 ribbed steel bars, it is 14,190 VND/kg.

Currently, VAS Steel offers CB240 steel coils at 13,650 VND/kg and D10 CB300 ribbed steel bars at 13,700 VND/kg.

Pomina Steel, with its CB240 coiled steel at 14,180 VND/kg; and D10 CB300 ribbed steel bars at 14,180 VND/kg.

Steel prices in Southern Vietnam

Hoa Phat Steel: CB240 steel coils are priced at 13,580 VND/kg; D10 CB300 ribbed steel bars have decreased to 13,790 VND/kg.

VAS steel, CB240 coil steel, is priced at 13,500 VND/kg; D10 CB300 ribbed steel bar is priced at 13,600 VND/kg.

Pomina steel, CB240 coiled steel is priced at 13,970 VND/kg; D10 CB300 ribbed steel bar is priced at 13,970 VND/kg.

Steel prices on the exchange.

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Iron ore futures prices fell amid risk-averse sentiment across financial markets, but they are on track to rise this week thanks to solid demand.

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The most actively traded iron ore contract in January on China 's Dalian Commodity Exchange (DCE) fell 1.2% to 768.50 yuan ($106.06) per ton at lunchtime. However, the contract has risen 2.9% for the week.

December iron ore futures on the Singapore exchange fell 1.3% to $100.70 per ton. However, prices have risen 5.5% this week.

One trader said: "China's daily hot metal output remains stable and at a high level... which means iron ore consumption remains strong even in the winter outside of the peak season. Secondly, mills are currently looking to replenish supplies for the winter, as evidenced by the continued increase in inventories."

Goldman Sachs analysts said in a note: “We believe the counter-cyclical increase in Chinese steel production in recent weeks could be a sign that production and exports are being boosted ahead of U.S. tariffs next year.”

Source: https://kinhtedothi.vn/gia-thep-hom-nay-23-11-quang-sat-giam-do-lo-ngai-bat-on.html