Steel price today April 9: increased by 38 Yuan on the exchange

Steel prices in the North

Hoa Phat steel brand, with CB240 steel coil line at 14,040 VND/kg; D10 CB300 rebar steel is priced at 14,430 VND/kg.

Viet Y steel brand, CB240 steel coil line at 14,040 VND/kg; D10 CB300 rebar steel is priced at 14,540 VND/kg.

Viet Duc Steel, with CB240 steel coil line at 13,940 VND/kg, D10 CB300 rebar steel bar priced at 14,630 VND/kg.

Viet Sing steel, with CB240 steel coil priced at 13,850 VND/kg, D10 CB300 rebar steel bar price kept at 14,060 VND/kg.

VAS steel, with CB240 steel coil line at 14,110 VND/kg; D10 CB300 rebar steel is priced at 14,210 VND/kg.

Steel prices in the Central region

Hoa Phat Steel, with the CB240 steel coil line, stopped at 14,040 VND/kg; D10 CB300 rebar steel is priced at 14,390 VND/kg.

Viet Duc Steel, currently CB240 steel coil line is at 14,440 VND/kg; D10 CB300 rebar steel is priced at 14,750 VND/kg.

VAS steel, currently CB240 steel coil line is at 14,210 VND/kg; D10 CB300 rebar steel is priced at 14,670 VND/kg.

Pomina steel, with CB240 steel coil line at 14,690 VND/kg; D10 CB300 rebar steel is priced at 15,300 VND/kg.

Steel prices in the South

Hoa Phat Steel, CB240 steel coil at 14,040 VND/kg; D10 CB300 rebar steel is priced at 14,430 VND/kg.

VAS steel, CB240 steel coil line at 14,010 VND/kg; D10 CB300 rebar steel is priced at 14,410 VND/kg.

Pomina steel, CB240 steel coil line at 14,590 VND/kg; D10 CB300 rebar steel is priced at 15,300 VND/kg.

Steel price on the trading floor

The price of rebar for delivery in February 2025 on the Shanghai trading floor increased by 38 Yuan, to 3,555 Yuan/ton.

Iron ore futures rose to their highest in nearly two weeks, on hopes of potential measures to boost the weak steel industry in top consumer China and expectations of a wave of restocking. after a holiday from the country's steelmakers.

The most traded iron ore contract in September on China's Dalian Commodity Exchange (DCE) was 3.19% higher at 791.5 Yuan ($109.42)/ton, a highest since March 26.

The benchmark iron ore price in May on the Singapore exchange increased 6.15% to 104.4 USD/ton, also the highest level since March 26.

Singapore's benchmark price fell 1% in the April 4-5 trading session as Chinese markets were closed for a holiday after Beijing said it would continue to manage crude steel output into 2024.

“The rise in hot metal production ahead of the holiday suggests some steelmakers are in the process of resuming production,” said analysts at First Futures.

Data from consulting firm Mysteel showed that the average daily hot metal output of Chinese steelmakers surveyed rose 1% from the previous session to about 2.24 million tons as of March 3. 4, the highest since late February.

“However, it will be necessary to monitor whether the demand recovery can be sustained as steel inventories remain high,” they added.

Other steelmaking components on the DCE recovered some of their earlier declines, with coking coal up 0.57% while coking coal fell 0.35%.

Benchmark steel prices on the Shanghai futures exchange were higher. Rebar increased by 1.45%, stainless steel increased by 1.97%, hot rolled steel coil increased by 0.98%, while steel wire increased by 0.16%.

The asset crisis in China, the world's second largest economy, still stalks the non-ferrous metals market.

Chinese real estate developer Shimao Group said China Construction Bank (Asia) has filed a request to liquidate the bank in Hong Kong for failing to repay a HK$1,579.5 million loan.

Economy & Urbanism