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.