Steel prices on January 14 recorded a hot increase in steel prices again after only a decrease session. Domestic steel prices stabilized from the afternoon of January 7.
Steel and iron ore prices rise again
Steel prices on January 14 delivered in May 2023 on the Shanghai Exchange increased 39 yuan to 4,165 yuan / ton.
The price of steel for October delivery in October 2023 on the Shanghai Exchange rose to 4,077 yuan/ton.
Iron ore prices also rebounded. Since January 12, iron ore futures have rallied for a third straight session with the Singapore benchmark rising to fresh six-month highs, bolstered by optimism about the demand outlook at the top steelmaker. China.
The outlook for stronger demand in China, which has lifted Covid-19 restrictions and introduced policies specifically to support the weakening real estate sector, has supported metal prices. recovered from the beginning of November 2022.
The most-traded May iron ore contract on China’s Dalian Commodity Exchange ended daytime trading 1.4% higher at 855.5 yuan ($126.57). )/ton.
On the Singapore Exchange, February delivery of the steelmaking material rose as much as 1% to its highest since June at $123.25 a tonne.
Steel prices in the North
According to SteelOnline.vn, Hoa Phat steel brand, with CB240 steel coil, sharply increased the selling price by 200 dong, to 14,940 dong/kg; D10 CB300 rebar is priced at 15,020 VND/kg.
Vietnam Italy Steel also increased by 200 dong with CB240 coil to 14,900 dong/kg; and D10 CB300 steel is still stable, priced at 15,000 VND/kg.
Viet Sing Steel, with CB240 coil also increased by 200 dong, to 14,820 dong/kg; D10 CB300 rebar is priced at 14,920 VND/kg.
VAS steel, CB240 coil current at 14,870 VND/kg – an increase of 200 VND; painted bar steel line D10 CB300 priced at 14,870 VND/kg.
Similarly, Viet Nhat steel, with CB240 coil line, changed from 14,670 VND/kg to 14,870 VND/kg; painted bar steel D10 CB300 at 14,870 VND/kg.
Viet Duc steel brand, with CB240 steel coil increased by 210 VND, to 14,700 VND/kg; with rebar D10 CB300 priced at 14,900 VND/kg.
Steel prices in the Central
Hoa Phat Steel, with CB240 coil line at VND 14,860/kg – an increase of VND 200; D10 CB300 rebar is priced at 15,010 VND/kg.
Thép Pomina tiếp tục ổn định từ ngày 24/12 đến nay, hiện dòng thép cuộn CB240 ở mức 16.120 đồng/kg; dòng thép thanh sơn D10 CB300 có giá 16.320 đồng/kg.
Viet Duc Steel, CB240 coil line increased by 200 dong, at 15,050 dong/kg; D10 CB300 rebar is priced at 15,250 VND/kg.
VAS steel, with CB240 coil increased by 200 dong, touching 14,870 dong/kg; D10 CB300 rebar is priced at 14,870 VND/kg.
Steel prices in the South
Hoa Phat Steel, CB240 coil steel line also increased by 200 dong, currently at 14,910 dong/kg; D10 CB300 rebar is priced at 14,760 VND/kg.
Pomina Steel, with CB240 coil line at 16,060 VND/kg; painted bar steel D10 CB300 at 16,060 VND/kg.
VAS steel, CB240 coil steel increased for the 3rd time within 30 days past the threshold of 14,870 VND/kg; D10 CB300 rebar is priced at 14,870 VND/kg.
Tung Ho Steel, with CB240 coil, increased by 15,070 VND/kg – 200 VND; D10 CB300 rebar is priced at 14,870 VND/kg.