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Steel price today, December 26: Increased by 21 Yuan/ton on the trading floor
Tuesday, 26/12/2023 GMT+7
Steel price today, December 26: Increased by 21 Yuan/ton on the trading floor
On December 26, the domestic steel market continued to stabilize; on the Shanghai trading floor increased by 21 Yuan with steel futures in October 2024.
Steel futures prices on the Shanghai exchange increased.
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 October 2024 delivery on the Shanghai exchange increased by 21 Yuan, to 3,997 Yuan/ton.
Dalian iron ore futures fluctuated on 12/25, as investors were wary of downside risks from potential intervention by Chinese authorities and faced a lack of direction from the market Singapore is closed for the Christmas holiday.
The most traded May iron ore on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended the day trading 0.26% lower at 970.5 Yuan ($135.98). )/ton, abandoning the previous increase.
The benchmark January SZZFF4 iron ore contract on the Singapore exchange was not traded due to the holiday. It reached a 10-month high of nearly 140 USD/ton.
Analysts say the government of top consumer China could intervene after prices rise.
Prices of key steelmaking raw materials rose more than 3% last week, partly due to news that major Chinese banks cut interest rates on some deposits.
“Ore demand weakened slightly, but the market is still expecting a wave of winter restocking from steelmakers,” said analysts at Sinosteel Futures.
Chinese steelmakers often add raw materials to maintain production demand during the Lunar New Year holiday, which typically supports ore prices.
Other steelmaking materials on DCE also decreased, in which coke DJMcv1 decreased 1.47% and coke DCJcv1 decreased 1.88%.
Benchmark steel prices on the Shanghai futures exchange are mixed amid sluggish seasonal demand and falling supply due to production curbs at some mills.
Rebar SRBcv1 decreased 0.15%, steel bar SWRCv1 decreased 2.8%, while hot rolled steel coil SHHCcv1 increased 0.19% and stainless steel SHSScv1 increased 1.37%.
Several cities in northern China, including steelmaking hub Tangshan, have announced plans to begin emergency responses, citing worsening air pollution.
Local steelmakers are often asked to limit production in such situations, putting pressure on demand for steelmaking raw materials and supporting prices of steel products.
Source: Kinhtedothi
Steel futures prices on the Shanghai exchange increased.
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 October 2024 delivery on the Shanghai exchange increased by 21 Yuan, to 3,997 Yuan/ton.
Dalian iron ore futures fluctuated on 12/25, as investors were wary of downside risks from potential intervention by Chinese authorities and faced a lack of direction from the market Singapore is closed for the Christmas holiday.
The most traded May iron ore on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended the day trading 0.26% lower at 970.5 Yuan ($135.98). )/ton, abandoning the previous increase.
The benchmark January SZZFF4 iron ore contract on the Singapore exchange was not traded due to the holiday. It reached a 10-month high of nearly 140 USD/ton.
Analysts say the government of top consumer China could intervene after prices rise.
Prices of key steelmaking raw materials rose more than 3% last week, partly due to news that major Chinese banks cut interest rates on some deposits.
“Ore demand weakened slightly, but the market is still expecting a wave of winter restocking from steelmakers,” said analysts at Sinosteel Futures.
Chinese steelmakers often add raw materials to maintain production demand during the Lunar New Year holiday, which typically supports ore prices.
Other steelmaking materials on DCE also decreased, in which coke DJMcv1 decreased 1.47% and coke DCJcv1 decreased 1.88%.
Benchmark steel prices on the Shanghai futures exchange are mixed amid sluggish seasonal demand and falling supply due to production curbs at some mills.
Rebar SRBcv1 decreased 0.15%, steel bar SWRCv1 decreased 2.8%, while hot rolled steel coil SHHCcv1 increased 0.19% and stainless steel SHSScv1 increased 1.37%.
Several cities in northern China, including steelmaking hub Tangshan, have announced plans to begin emergency responses, citing worsening air pollution.
Local steelmakers are often asked to limit production in such situations, putting pressure on demand for steelmaking raw materials and supporting prices of steel products.
Steel futures prices on the Shanghai exchange increased.
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 October 2024 delivery on the Shanghai exchange increased by 21 Yuan, to 3,997 Yuan/ton.
Dalian iron ore futures fluctuated on 12/25, as investors were wary of downside risks from potential intervention by Chinese authorities and faced a lack of direction from the market Singapore is closed for the Christmas holiday.
The most traded May iron ore on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended the day trading 0.26% lower at 970.5 Yuan ($135.98). )/ton, abandoning the previous increase.
The benchmark January SZZFF4 iron ore contract on the Singapore exchange was not traded due to the holiday. It reached a 10-month high of nearly 140 USD/ton.
Analysts say the government of top consumer China could intervene after prices rise.
Prices of key steelmaking raw materials rose more than 3% last week, partly due to news that major Chinese banks cut interest rates on some deposits.
“Ore demand weakened slightly, but the market is still expecting a wave of winter restocking from steelmakers,” said analysts at Sinosteel Futures.
Chinese steelmakers often add raw materials to maintain production demand during the Lunar New Year holiday, which typically supports ore prices.
Other steelmaking materials on DCE also decreased, in which coke DJMcv1 decreased 1.47% and coke DCJcv1 decreased 1.88%.
Benchmark steel prices on the Shanghai futures exchange are mixed amid sluggish seasonal demand and falling supply due to production curbs at some mills.
Rebar SRBcv1 decreased 0.15%, steel bar SWRCv1 decreased 2.8%, while hot rolled steel coil SHHCcv1 increased 0.19% and stainless steel SHSScv1 increased 1.37%.
Several cities in northern China, including steelmaking hub Tangshan, have announced plans to begin emergency responses, citing worsening air pollution.
Local steelmakers are often asked to limit production in such situations, putting pressure on demand for steelmaking raw materials and supporting prices of steel products.
