Table of contents

Steel prices today on the trading floor
Domestic steel prices are forecast to gradually "warm"
Steel prices in the North:
Steel prices in the Central region:
Steel prices in the South

Steel price today on the trading floor

Steel prices today, January 4, 2024 - The price of rebar for delivery in October 2024 on the Shanghai trading floor increased by 18 Yuan, to 4,027 Yuan/ton.

The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) ended the day trading 2.93% higher at 1,002 Yuan ($140.58). /ton, highest since August 2021.

February's benchmark iron ore price on the Singapore exchange increased 2.35% to 142 USD/ton, reaching its highest level since June 2022.

Steel prices today January 4, 2024: Iron ore raw material prices set a new peak

Iron ore prices increased continuously because the market expected the Chinese government to increase economic stimulus measures. At the same time, factories are restocking before the Lunar New Year holiday begins. The price of this steelmaking raw material increased by 1.2%, closing at the highest level since June 2022.

Huatai Futures Ltd. said that expectations about further macroeconomic policies, along with continuously increasing iron ore demand as mills move to winter storage, continue to support prices of this raw material.

Domestic steel prices are forecast to "warm" gradually

Steel price today January 4, 2024 - by the end of 2023, the domestic steel market has a total of 29 official price adjustments, with 19 decreases and 10 increases. This shows that the downward trend in prices is the main trend and an average decrease of 9.6-10.4% compared to 2022.

Although steel prices are in a low price range, analysts say that steel prices tend to gradually warm up as at the end of the year and the beginning of the new year, steel businesses continuously increase selling prices and consumption output also improves. clearly good.

According to the Vietnam Steel Association, in 2024, steel production and consumption can reach 29 million tons and 21.67 million tons, up 6.7% and 7.4% respectively compared to 2023.

Steel price details in 3 specific regions:

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.

Information for reference only!

Hai Linh