Steel futures prices on the Shanghai exchange decreased slightly.According to SteelOnline.vn, Hoa Phat steel brand, with CB240 steel coil line at 13,740 VND/kg; D10 CB300 rebar steel is priced at 14,040 VND/kg.
Viet Y steel brand, CB240 steel coil line at 13,580 VND/kg; D10 CB300 rebar steel is priced at 13,990 VND/kg.
Viet Duc Steel, with CB240 steel coil line at 13,640 VND/kg, D10 CB300 rebar steel bar priced at 14,140 VND/kg.
Viet Sing Steel, with CB240 steel coil at 13,600 VND/kg; D10 CB300 rebar steel is priced at 13,850 VND/kg.
VAS steel, with CB240 steel coil line at 13,400 VND/kg; Meanwhile, D10 CB300 rebar steel is priced at 13,650 VND/kg.
Steel prices in the Central region
Hoa Phat Steel, with CB240 steel coil line at 13,790 VND/kg; D10 CB300 rebar steel is priced at 13,990 VND/kg.
Viet Duc Steel, currently CB240 steel coil line is at 13,740 VND/kg; D10 CB300 rebar steel is priced at 14,490 VND/kg.
VAS steel, currently D10 CB300 rebar steel is priced at 14,060 VND/kg; CB240 steel coil line is at 13,800 VND/kg.
Pomina steel, with CB240 steel coil line at 14,690 VND/kg; D10 CB300 rebar steel is priced at 14,940 VND/kg.
Steel prices in the South
Hoa Phat Steel, D10 CB300 rebar steel is priced at 14,090 VND/kg; CB240 steel coil at 13,790 VND/kg.
VAS steel, CB240 steel coil line stopped at 13,450 VND/kg; D10 CB300 rebar steel is priced at 13,650 VND/kg.
Pomina steel price increased, CB240 steel coil line at 14,590 VND/kg; D10 CB300 rebar steel is priced at 14,840 VND/kg.
Steel price on the trading floor
The price of rebar for delivery in May 2024 on the Shanghai trading floor decreased by 3 Yuan, down to 3,944 Yuan/ton.
Steel prices on the Shanghai futures exchange fell as plummeting temperatures and snow in many areas disrupted construction activities across northern China.
Rebar SRBcv1 decreased by 2.03%, hot rolled steel coil SHHCcv1 decreased by 1.03%, steel bar SWRCv1 decreased by 0.59% while stainless steel SHSScv1 was little changed.
Cold weather continues to blanket China, with many southern areas expected to see temperatures drop sharply in the next few days.
China's iron ore futures continued to fall, as the market digested the lack of new stimulus measures and data showed bank lending last month was weaker than expected.
The most traded May iron ore on China's Dalian commodity exchange (DCE) DCIOcv1 was 1.05% lower at 942 Yuan ($132.00) a ton.
New bank lending in China rose less than expected in November from the previous month, data showed, even as the central bank maintained easy policy to support a weak recovery. of the world's second largest economy.
Analysts say iron ore replenishment is going slowly, as mills struggle to make a profit and want to keep inventories low.
“Slightly weaker ore demand is reflected by sustained declines in daily consumption of imported commodities as well as cargo unloading volumes,” analysts at Everbright Futures wrote in a note. days from ports”.
However, January iron ore benchmark SZZFF4 on the Singapore exchange rose 0.25% to $133.95/mt, reversing an earlier decline, supported by expectations that interest rate hikes in the US had end.
Other steelmaking raw materials also weakened, with coking coal DJMcv1 down 3.34% to 1,881 yuan/mt, while coking coal DCJcv1 fell 0.95%.
