Steel price today 24/11 recorded a slight decrease to 3,683 yuan after yesterday’s increase. Domestic steel prices continued to move sideways.
Steel prices fell 73 yuan on the exchange.
Steel price today delivered in January 2023 on the Shanghai Exchange fell 4 yuan to 3,683 yuan / ton.
Steel price for delivery in May 2023 on the Shanghai Exchange today at 3,617 yuan / ton.
According to the World Steel Association (WSA), global steel demand in 2022 is expected to decrease by 2.3% to 1,797 million tons, then recover slightly by 1% in 2023 to nearly 1,815 million tons.
Demand in Vietnam’s second largest export market, the European Union (EU), is estimated to decrease by 3.5% in 2022 and may decrease by 1.3% in 2023. Meanwhile, demand growth in the US market is expected to slow from 2.1% in 2022 to 1.6% next year.
In the first three quarters of the year, steel output of eight out of 10 key steel-industry countries declined over the same period in 2021, with only Iran and India recording growth below 10%.
According to the Vietnam Steel Association, steel prices in Vietnam will likely be stable when the average steel price in China has recently recovered about 10% from the bottom at the end of October thanks to Beijing’s announcement of a support solution. real estate market support. China’s steel inventories have also fallen by 50% from their peak in March.
Domestic steel price has been unchanged for more than 1 month
Steel price today 24/11 recorded the domestic steel price unchanged from 12/10.
Thus, this is also a fairly long time (more than 1 month) when the domestic steel price has not changed. Before October 12, steel price fluctuated 3 times in a short period of time. In the North, steel price today November 24 recorded Hoa Phat steel with CB240 coil at 14,500 VND/kg; D10 CB300 rebar is priced at 14,600 VND/kg.
Vietnam Italy steel brand, currently CB240 steel coil at 14,510 VND/kg; D10 CB300 rebar line is priced at 14,720 VND/kg.
Viet Duc Steel, currently CB240 coil line remains unchanged at 14,350 VND/kg; and D10 CB300 rebar is priced at 14,660 VND/kg.
Viet Sing Steel, currently CB240 coil at 14,310 VND/kg; D10 CB300 rebar is priced at 14,510 VND/kg.
Viet Nhat Steel adjusted to reduce prices, with CB240 coil line down 200 dong, priced at 14,310 dong/kg; rebar D10 CB300 at 14,510 VND/kg.
In the Central region, Hoa Phat steel, with CB240 coil line at 14,310 VND/kg; D10 CB300 rebar is priced at 14,820 VND/kg.
Viet Duc Steel, currently CB240 coil line is at 14,620 VND/kg; D10 CB300 rebar is priced at 15,020 VND/kg.
Viet My Steel (VAS), with CB240 coil at 14,260 VND/kg; D10 CB300 rebar is priced at 14,360 VND/kg.
Pomina Steel, CB240 coil line is at VND 15,730/kg; however, the D10 CB300 rebar is priced at VND 15,940/kg.
In the South, Viet My Steel (VAS), CB240 coil line decreased by 100 dong to 14,310 dong/kg; and for D10 CB300 rebar, the price is 14,410 VND/kg – down 310 VND.
Hoa Phat Steel, CB240 coil line is still at 14,360 VND/kg; Meanwhile, D10 CB300 rebar is priced at 14,570 VND/kg.
Pomina Steel, with CB240 coil line at VND 15,580/kg; D10 CB300 rebar is priced at 15,680 VND/kg.