Steel prices skyrocketed again, cement also climbed to new milestones

Steel price today October 2022 delivery on the Shanghai Exchange increased 77 yuan to 4,667 yuan/ton. Domestically, after increasing 7 times in a row with a total increase of 2.4 million VND/ton, the domestic steel price has never decreased even though input volatility has decreased significantly.

Steel prices of steel brands Hoa Phat, Viet Nhat, Viet Italy, Pomina, Thai Nguyen steel, Southern steel… continue to keep the same selling price, currently at an average level of about 18,550-18,750 VND/kg depending on each product categories and specific businesses and regions.

The Vietnam Steel Association forecasts that the steel market in the second quarter of 2022 may start with a new price level.

Steel prices in the South: Hoa Phat Steel continued to maintain stability. Specifically, with CB240 coil line currently at 18,990 VND/kg; D10 CB300 rebar is priced at 19,090 VND/kg.

Pomina Steel stabilized its selling price for 27 consecutive days, with its 2 product lines including CB240 coil at VND 19,430/kg; D10 CB300 rebar is priced at 19,630 VND/kg.

VAS steel chain with stable selling price continued to be recorded. CB240 coil line is currently at 18,890 VND/kg; with D10 CB300 rebar reached 18,990 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.

Steel prices in the North: Hoa Phat steel brand prolongs a series of stable days. Specifically, CB240 steel coil stabilized at 18,940 VND/kg; D10 CB300 rebar is priced at 19,040 VND/kg.

Vietnam Italy Steel recorded a stable price. CB240 coil line is currently at 18,890 VND/kg; D10 CB300 rebar line is priced at 18,990 VND/kg.

Viet Duc steel brand has no price fluctuations. With 2 product lines of the company including CB240 steel coil at 18,880 VND/kg; and D10 CB300 rebar is priced at 19,180 VND/kg.

VAS steel continues to maintain the highest price in the past 30 days, CB240 coil line is at 18,180 VND/kg; D10 CB300 rebar line is priced at 18,280 VND/kg.

Vietnam Japan Steel has stopped increasing its price since March 16, with CB240 coil at VND 18,820/kg; D10 CB300 rebar is priced at 18,920 VND/kg.

Viet Sing Steel, with 2 products including CB240 coil, reached VND 18,820/kg; rebar line D10 CB300 is priced at 19,030 VND/kg.

Steel prices in the Central region: Hoa Phat Steel today (April 12) is stable. CB240 coil line is currently at 18,990 VND/kg; D10 CB300 rebar is priced at 19,090 VND/kg.

Viet Duc Steel has stopped increasing prices since March 16. Specifically, with 2 products of the company, including CB240 steel coil, currently at VND 18,980/kg; D10 CB300 rebar is priced at 19,280 VND/kg.

VAS steel recorded a stable selling price. Currently, CB240 coil line is priced at 18,790 VND/kg; Rebar D10 CB300 reached 18,840 VND/kg.

Pomina steel, with CB240 coil line, was stable at 19,380 VND/kg; and D10 CB300 rebar is priced at 19,580 VND/kg.

Cement in the 2nd price hike of the year

Meanwhile, with cement, under the pressure of sharply increasing production costs, a series of cement enterprises continued to increase their selling prices from the beginning of May 2022, which is also the second price increase from the beginning of the year to the end of the year. now.

Specifically: The Vissai Cement Group has submitted a petition to increase prices for cement products bags and bulk produced by The Vissai Group with an additional 80,000 VND/ton. This is the second price increase of the Vissai cement brand, because it cannot cope with the increase in production costs. In the most recent price increase at the end of March this year, Vissai increased by 100,000 VND/ton.

In March and early April this year, during the first price increase of the year, most businesses increased from 100,000 to 150,000 VND/ton. With the price increase from the beginning of May, the business block of Vietnam Cement Corporation, including Vicem Bim Son, Vicem But Son also decided to increase the selling price.

Accordingly, Bim Son Cement Joint Stock Company said that the situation of input materials market for cement production has not shown any sign of decreasing, especially the world coal price continues to rise, which has affected the cost of cement production. clinker, cement production. This business said, after reviewing the impact of this increase in coal price, it has affected the production cost of clinker by nearly 85,000 VND/ton, PCB30 bag is approximately 50,000 VND/ton, PCB40 bag is nearly 58,000 VND/ton. /ton, industrial PCB40 over 65,000 tons.

Based on the actual situation of the market, after agreeing on the price increase roadmap in the areas with a number of cement manufacturing enterprises such as Nghi Son, Long Son, Vicem Hoang Mai, in order to ensure business efficiency. of the business, Vicem Bim Son has announced to adjust the selling price of cement bags, in bulk: 70,000 VND/ton. Export prices of cement and clinker also increased by 95,000 VND/ton.

Vicem But Son Cement Consumption Enterprise announced an increase in the selling price of cement, of which, civil cement PCB30, PCB40, MC25, C91; Cement covers PCB30, PCB40 using shells attached to the bottom of the works, increased by 50,000 VND/ton. Bulk cement PCB30, PCB40 (including cement packed in Jumbo bags and Jumbo bags of customers) increased: 70,000 VND/ton.

It is forecasted that at the end of May, more cement manufacturers will continue to announce an increase in product selling prices to partially offset costs due to the galloping increase in input costs. Thus, the ground cement prices will increasehas a direct impact on construction prices, real estate prices will certainly increase accordingly.