On December 25, the domestic steel market continued to stabilize; on the Shanghai trading floor increased by 46 Yuan with steel futures in September 2024.

Steel prices in the North

According to SteelOnline.vn, Hoa Phat steel brand, with CB240 steel coil line at 13,940 VND/kg; D10 CB300 rebar steel is priced at 14,240 VND/kg.

Viet Y steel brand, CB240 steel coil line stopped at 13,870 VND/kg; D10 CB300 rebar steel is priced at 14,170 VND/kg.

Viet Duc Steel, with CB240 rolled steel line at 13,640 VND/kg, D10 CB300 rebar steel bar priced at 14,340 VND/kg.

Viet Sing Steel, with CB240 steel coil at 13,650 VND/kg; D10 CB300 rebar steel is priced at 13,850 VND/kg.

VAS steel, with CB240 steel coil line at 13,600 VND/kg; Meanwhile, D10 CB300 rebar steel is priced at 13,850 VND/kg.

Steel prices in the Central region

Hoa Phat Steel, with CB240 steel coil line at 13,940 VND/kg; D10 CB300 rebar steel is priced at 14,340 VND/kg.

Viet Duc Steel, CB240 steel coil line is currently at 14,140 VND/kg; D10 CB300 rebar steel is priced at 14,750 VND/kg.

VAS steel, currently D10 CB300 rebar steel is priced at 14,260 VND/kg; CB240 steel coil line is at 14,010 VND/kg.

Pomina steel, with CB240 steel coil line at 14,890 VND/kg; D10 CB300 rebar steel is priced at 15,300 VND/kg.

Steel prices in the South

Hoa Phat Steel, D10 CB300 rebar steel is priced at 14,250 VND/kg; CB240 steel coil at 13,950 VND/kg.

VAS steel, CB240 steel coil line at 13,600 VND/kg; D10 CB300 rebar steel is priced at 13,850 VND/kg.

Pomina steel, CB240 steel coil line at 14,590 VND/kg; D10 CB300 rebar steel is priced at 14,990 VND/kg.

Steel price on the trading floor

The price of rebar for delivery in September 2024 on the Shanghai trading floor increased by 46 Yuan, to 3,992 Yuan/ton.

Officials at China's Metallurgical Industry Planning and Research Institute (MPI) said in a press conference that the world's top steelmaker will consume 890 million tons this year, leaving the country with a surplus. significant residual.

Official data last week showed that China produced 952.14 million tons of crude steel in the first 11 months of 2023, up 1.5% year-on-year.

The country also exported 82.66 million tons of steel products this year, the highest since 2016 and more than previously forecast.

The country's steel industry has come under significant pressure from a debt-ridden real estate sector. Construction steel demand will fall 4.8% this year compared to 2022 to 506 million tons, researchers at MPI said.

Steel demand will fall to 875 million tons in 2024, with construction steel demand down 4% next year, they added.

Demand from the infrastructure sector will help partially offset the decline in the real estate market.

“The issuance of one trillion yuan of government debt as well as local government debt to be settled in the fourth quarter of 2023 will support the infrastructure sector,” said MPI Vice Chairman Xiao Bangguo. in 2024”.

Guan Zhijie, deputy general engineer at MPI, said China's steel exports next year may decline slightly due to slowing economic growth abroad.

Urban economi.