(HSV VIETNAM GROUP) – Steel price today November 5, 2023: Increased by another 4 yuan on the trading floor. Domestic steel prices "stood still" for 2 months. Steel prices increased by 4 yuan on the trading floor.
Today's steel price for delivery in January 2024 on the Shanghai Exchange increased by 4 yuan to 3,746 yuan/ton.
Domestic steel prices "stood still" for 2 months
Since the 19th discount session on September 7, up to now, domestic steel prices have not fluctuated. This is the longest recorded period of the year without fluctuations in domestic steel prices. Specifically, from September 7, a number of domestic steel enterprises announced a reduction of 100,000-310,000 VND/ton for CB240 rolled steel products, D10 CB300 rebar steel bars still maintaining the same selling price.
Specifically, in this 19th price reduction, Hoa Phat Steel brand reduced the price by 100,000 VND/ton for CB240 rolled steel products in all 3 regions. After price adjustment, the price of this steel line in the North and Central regions decreased to 13.43 million VND/ton; while in the South the selling price is 13.53 million VND/ton.
The price of rebar steel D10 CB300 remains the same compared to the previous adjustment, at 13.74-13.79 million VND/ton.
Vietnam Italy Steel in the North reduced by 210,000 VND/ton for CB240 rolled steel product, price to 13.43 million VND/ton; D10 CB300 rebar steel line still maintains the price of 13.69 million VND/ton.
Viet Duc Steel also adjusted a decrease of 310,000 VND/ton for CB240 rolled steel products, bringing the selling price to 13.74 million VND/ton. As for this brand's D10 CB300 rebar product, it still has a selling price of 13.89 million VND/ton.
Kyoei Vietnam Steel reduced by 200,000 VND/ton with CB240 steel coil, at 13.46 million VND/ton. D10 CB300 steel remains unchanged at 13.71 million VND/ton.
Pomina steel also dropped 110,000 VND/ton with CB240 rolled steel at 13.48 million VND/ton, rebar steel at 14.38 million VND/ton.
From the beginning of the year until now, domestic construction steel prices have dropped sharply 19 times in a row. After these 19 decreasing sessions, steel prices have "reached the bottom" to their lowest level in the past 3 years.
The Vietnam Steel Association (VSA) said that the reason domestic steel prices are continuously decreasing is due to slow consumption demand. Slow consumption of construction steel comes from the fact that the real estate market is still gloomy and public investment has not prospered. Not only that, domestic steel businesses also have to compete with cheap steel from China when this country continuously lowers export steel prices.
With this actual situation, VSA expects the decline in steel prices to not stop from now until the end of the year.
After 19 decreasing sessions, steel prices today have not changed, trading at the following levels:
Steel prices in the North
Hoa Phat Steel, with the CB240 steel coil line, decreased by 100 VND, down to 13,430 VND/kg; D10 CB300 rebar steel is priced at 13,740 VND/kg.
Viet Y steel brand, CB240 steel coil line decreased by 210 VND, down to 13,430 VND/kg; D10 CB300 rebar steel is priced at 13,690 VND/kg.
Viet Duc Steel, with CB240 steel coil line, decreased by 310 VND, down to 13,430 VND/kg, D10 CB300 rebar steel bar cost 13,890 VND/kg.
Viet Sing Steel, with CB240 steel coil decreased by 210 VND to 13,190 VND/kg; D10 CB300 rebar steel is priced at 13,500 VND/kg.
VAS steel, with the CB240 steel coil line, decreased by 210 VND, down to 13,190 VND/kg; Meanwhile, rebar steel bar D10 CB300 continues to maintain the price of 13,400 VND/kg.
VJS steel, with D10 CB300 rebar steel priced at 13,600 VND/kg; CB240 steel coil line is at 13,500 VND/kg - down 300 VND.
Steel prices in the Central region
Hoa Phat Steel, with CB240 steel coil line at 13,430 VND/kg - down 100 VND; D10 CB300 rebar steel is priced at 13,740 VND/kg.
Viet Duc Steel, currently CB240 steel coil line is at 13,840 VND/kg - down 200 VND; D10 CB300 rebar steel is priced at 14,140 VND/kg.
VAS steel, currently D10 CB300 rebar steel is priced at 13,550 VND/kg; CB240 steel coil line is at 13,400 VND/kg - down 100 VND.
Pomina steel, with CB240 steel coil line at 14,480 VND/kg - down 110 VND; D10 CB300 rebar steel bar is reduced by 100 VND, priced at 14,380 VND/kg.
Steel prices in the South
Hoa Phat Steel, D10 CB300 rebar steel is priced at 13,790 VND/kg; CB240 steel coil is at 13,430 VND/kg - down 100 VND.
VAS steel, CB240 steel coil line and D10 CB300 rebar steel are priced at 13,600 VND/kg.
Pomina steel, CB240 steel coil line, reduced by 200 VND, priced at 14,280 VND/kg; rebar steel D10 CB300 at 14,380 VND/kg.
Ha Diem HSV