Steel prices today 4/10: World steel prices ...

(Source Congthuong.vn) Steel price today 4/10 recorded the world steel price turned down slightly to 3,799 yuan/ton. World steel prices fell slightly Steel price today delivered in January 2023 on the Shanghai Exchange fell 35 yuan to 3,799 yuan / ton. According to experts, the steel market is waiting for positive signals in the last months of the year, because this is also the time when construction works enter the sprint time. However, the Vietnam Steel Association (VSA) said that whether the demand in the fourth quarter of 2022 can increase or not still depends on many factors, especially when inventories are still high, manufacturers need time to handle. In China, from last Thursday (September 29), iron ore futures rose, with the benchmark contract on the Dalian Exchange (DCE) hitting a two-week high. Iron ore prices rose on the back of an improvement in construction activity in China, coupled with sustained supportive policies for the industry by the leading steel producer. Also last Wednesday, September 28, China allocated an additional 300 billion yuan ($42 billion) for infrastructure projects through three state-owned policy banks. The funding boost is one of several measures deployed to support the domestic economy, which has been hit hard by Covid-19 restrictions and troubles in the asset sector. Domestic steel moved sideways after a gain on September 13 Domestic steel today on October 4 remained stable after the third consecutive increase from August 31, the strongest increase of nearly 900,000 VND/ton. The total increase of steel price after 3 consecutive times from August 31 to now is more than 2 million VND/ton. Accordingly, Vietnam-Japan steel increased by 880,000 VND/ton and 470,000 VND/ton respectively for CB240 coil and D10 CB300 rebar. After adjustment, the prices of these two steels are respectively VND 15.02 million/ton and VND 15.22 million/ton. In the Northern region, Hoa Phat steel increased by 400,000 VND/ton for CB240 coil, while D10 CB300 rebar remained unchanged at 15.12 million VND/ton. After adjustment, CB240 price is 14.82 million VND/ton. With Vietnam Italy steel, CB240 and D10 CB300 respectively increased by 400,000 VND/ton and 110,000 VND/ton to 15.12 million VND/ton and 15.33 million VND/ton, respectively. Regarding Viet German steel, the above two types of steel increased by 400,000 VND/ton and 200,000 VND/ton to 15.12 million VND/ton and 15.63 million VND/ton. With Kyoei steel, CB240 and D10 CB300 prices are respectively VND 15.12 million/ton and VND 15.38 million/ton after increasing by VND 480,000/ton and VND 130,000/ton, respectively. For Mien Nam steel, CB240 and D10 CB300 prices are respectively VND 15.43 million/ton and VND 15.83 million/ton after increasing by VND 410,000/ton and VND 200,000/ton, respectively. Regarding Thai Nguyen steel, the above two types are VND 15.2 million/ton and VND 15.66 million/ton after an increase of VND 580,000/ton and VND 490,000/ton. Nguyen Duyen