Steel prices today January 13, 2024: The domestic steel market continues to stabilize; on the Shanghai trading floor decreased by 37 Yuan/ton with the steel price for delivery in October 2024.
Steel price today on the trading floor
Steel prices today, January 13: The price of rebar for delivery in October 2024 on the Shanghai trading floor decreased by 37 Yuan, down to 3,864 Yuan/ton.
China's iron ore imports in 2023 hit a record high, up 6.6% from a year ago, customs data showed, thanks to stronger demand amid a lack of government-mandated steel output limits and steel exports were higher than expected.
Data from the country's General Department of Customs shows that the world's largest iron ore consuming country collected a total of about 1.18 billion tons last year.
The 2023 total also marks the first increase since 2020 as Beijing introduced annual steel output limits in 2021 and 2022 to help limit carbon emissions, reducing demand for raw materials. Steel was important in those years.
China's iron ore imports in 2021 and 2022 decreased by 3.9% and 1.5% year-on-year, respectively.
However, there is no limit on steel output in 2023, while the world's second-largest economy is struggling to recover from the Covid-19 period partly because of debts in the real estate sector .
Official data showed that crude steel output in the first 11 months of 2023 increased 1.5% year-on-year to 952.14 million tons, boosting demand for raw materials during the year.
In December, China imported 100.86 million tons of iron ore, down 1.83% from 102.74 million tons in November, as many factories began blast furnace maintenance as steel margins fell. . December volumes compared with 90.86 million tonnes in the same month in 2022.
Customs data showed that China's steel product exports in December 2023 increased 43.2% year-on-year to 7.73 million tons, bringing total annual exports to a seven-year high. year was 90.26 million tons, up 36.2%, customs data showed, exceeding market expectations.
The world's largest steelmaker also imported 665,000 tons of steel products last month, bringing total imports for 2023 to 7.65 million tons, down 27.6% compared to 2022.
Domestic steel prices remain stable
In January 2024, the domestic steel market had the first price adjustment of the year when manufacturers simultaneously increased the selling price of steel coils and rebar steel bars of all kinds with a common increase of 200,000 VND/ton.
After this price adjustment, depending on the brand and market area, the price of CB300 rebar steel ranges from 14.2 - 14.85 million VND/ton, the price of construction steel coil ranges from 14.1 - 14 VND. 7 million VND/ton (price paid at the factory, excluding VAT, deducting maximum discount according to output and region).
Although the actual steel consumption demand of final consumers has not really recovered as expected. But this price increase in early 2024 has been recognized by the domestic market since the end of 2023 when raw material prices increased for many consecutive weeks.
Latest recorded at SteelOnline.vn on January 13, the market for trading steel coils CB240 and steel D10 CB300 remained stable. Steel prices today specifically in 3 regions are as follows:
Steel price today in the North
Hoa Phat steel price today with CB240 steel coil line increased by 200 VND/kg to 14,140 VND/kg; D10 CB300 rebar steel increased by 290 VND/kg to 14,530 VND/kg.
Vietnam-Italy steel price, with CB240 steel coil line, increased by 270 VND/kg to 14,140 VND/kg; D10 CB300 rebar steel increased by 370 VND/kg to 14,540 VND/kg.
Viet Duc steel price with CB240 steel coil line increased by 400 VND/kg to 14,040 VND/kg; D10 CB300 rebar steel increased by 300 VND/kg to 14,640 VND/kg.
The price of Viet Nhat Steel (VJS), with the CB240 steel line, increased by 300 VND/kg to 14,210 VND/kg; D10 CB300 steel increased by 300 VND/kg to 14,310 VND/kg.
Viet My Steel (VAS) price increased by 310 VND/kg with CB240 steel coil line to 13,910 VND/kg; D10 CB300 rebar steel increased by 360 VND/kg to 14,210 VND/kg.
Steel price today in the Central region
Hoa Phat steel price, with CB240 steel coil line, increased by 200 VND/kg to 14,140 VND/kg; D10 CB300 rebar steel increased by 150 VND/kg to 14,490 VND/kg.
Viet Duc steel price, with CB240 steel coil line, increased by 400 VND/kg to 14,540 VND/kg; D10 CB300 rebar steel increased by 100 VND/kg to 14,850 VND/kg.
The price of Viet My Steel (VAS), with the CB240 steel coil line, increased by 200 VND/kg to 14,210 VND/kg; D10 CB300 rebar steel is stable at 14,260 VND/kg.
Pomina steel price, with CB240 steel coil line, is stable at 14,890 VND/kg; D10 CB300 rebar steel is stable at 15,300 VND/kg.
Steel price today in the South
Hoa Phat steel price, with CB240 steel coil line, increased by 190 VND/kg to 14,140 VND/kg; D10 CB300 rebar steel increased by 280 VND/kg to 14,530 VND/kg.
Pomina steel price, with CB240 steel coil line, increased by 200 VND/kg to 14,790 VND/kg; D10 CB300 rebar steel increased by 310 VND/kg to 15,300 VND/kg.
Viet My Steel (VAS), with CB240 steel coil line increased by 360 VND/kg to 13,960 VND/kg; D10 CB300 rebar steel increased by 410 VND/kg to 14,260 VND/kg.
Tung Ho steel, with the CB240 steel coil line increased by 360 VND/kg to 14,060 VND/kg and with the D10 CB300 rebar steel line increased by 350 VND/kg to 14,410 VND/kg.
Information for reference only!
Duy Anh
