World steel prices fell, domestic “towering” high

During the epidemic outbreak in countries around the world, the economic situation had many fluctuations, causing many commodities to be severely affected, including the impact on the price of construction materials, the price of steel in the market. school.

Material price today when received world steel price on the Shanghai trading floor decreased 28 yuan to 5,012 yuan / ton at the time of survey at 10 am (Vietnam time), this is also the price of steel for delivery in October 2022.

Although, the world steel price on the Shanghai floor “plunge”, but the domestic steel price still remained at a “towering” high level, which is also the price listed by manufacturers for more than ten days. .

Specifically, in the Northern market, Hoa Phat steel price did not have price adjustment. Specifically, CB240 steel coil stabilized at 18,940 VND/kg; D10 CB300 rebar is priced at 19,040 VND/kg. In the Central region, Hoa Phat Steel has CB240 coil price currently at 18,990 VND/kg; D10 CB300 rebar is priced at 19,090 VND/kg.

The southern market recorded that Hoa Phat steel kept its selling price unchanged for more than 31 days with CB240 coils currently at 18,990 VND/kg; D10 CB300 rebar is priced at 19,090 VND/kg.

Similarly, Vietnam Italy steel price maintained a stable series of days with CB240 coil price currently at 18,890 VND/kg; D10 CB300 rebar line is priced at 18,990 VND/kg.

Vietnam-Japan Steel continued its series of days of stabilizing selling prices, with CB240 coils at 18,820 VND/kg; D10 CB300 rebar is priced at 18,920 VND/kg.

Pomina steel price in the Central region with CB240 coil line was stable at 19,380 VND/kg; and D10 CB300 rebar is priced at 19,580 VND/kg. In the South, Pomina Steel recorded a stable price, with 2 product lines including CB240 coil at 19,430 VND/kg; D10 CB300 rebar is priced at 19,630 VND/kg.

Tung Ho Steel, with the CB240 coil line, is priced at VND 18,980/kg; D10 CB300 rebar is currently priced at 19,130 ​​VND/kg.

Previously, the world steel price ended the week, April 15 increased by 82 yuan / ton on the Shanghai Exchange to 5,065 yuan / ton as investors looked for stimulus measures from the government. Government to revive the economy affected by Covid-19.

Japan’s leading steel producers are also raising steel prices and are expected to continue to adjust prices this year due to rising transportation costs.

Japan’s largest steelmaker Nippon Steel Corp has warned of more price hikes this year. Nippon estimates that the company’s average steel price was 130,000 yen per tonne in the first quarter.

More than 40% of the steel of the two leading Japanese companies mentioned above is destined for export, with car manufacturers being the largest customers.

The prices of two main steel inputs, iron ore and coal, rose as Russia’s attack on Ukraine exacerbated the supply shortage.

Accordingly, Australian coking coal prices have increased by 45% this year, while iron ore prices in Singapore are up about 27%.