Steel price today April 14, 2025: Lowest in 8 years

Steel prices opened the week on April 14 with a sideways trend on major exchanges, as investor sentiment remained cautious.

On the Shanghai Futures Exchange, rebar prices for May delivery were steady at around 3,045 yuan per tonne. Meanwhile, iron ore futures for May delivery on the Dalian Commodity Exchange edged up 3 yuan to 758 yuan per tonne. Iron ore prices on the Singapore Commodity Exchange also remained unchanged at $97.12 per tonne.

The trade war between the US and China continues to be a source of uncertainty. If tensions continue to escalate, consumers and businesses in both countries will face higher costs and global supply chains will be severely disrupted.

In another development, JFE Steel – Japan’s second-largest steelmaker – has just announced a plan to invest 329.4 billion yen (equivalent to 2.26 billion USD) to build a large-scale electric arc furnace at its Kurashiki facility, part of the West Japan Works complex.

The project is supported by the Japanese government through a subsidy of up to 104.5 billion yen, aiming to accelerate the transition to green technology. The new electric arc furnace will apply a series of technologies developed and patented by JFE, including advanced metallurgical solutions, aiming to use hydrogen as an alternative to traditional decarbonization agents.

The new plant is expected to have a capacity of about 2 million tons of steel per year and will be operational between April and June 2028. In parallel with the project, JFE will also upgrade infrastructure systems, including ports.

This is part of JFE’s long-term strategy to reduce carbon emissions. Since 2021, the group has set a goal of developing environmentally friendly technologies by 2050, contributing to global efforts for sustainable development.

Domestic steel prices remained stable in mid-April, with not much change compared to the beginning of the month.

In the Northern region, major brands such as Hoa Phat, Viet Duc, VAS and Viet Sing all kept their listed prices unchanged. This move shows that businesses are trying to maintain stability in the domestic steel market.

Specifically, the price of Hoa Phat's CB240 coil steel is currently at VND13,530 per kg, while D10 CB300 ribbed steel is VND13,580 per kg. Viet Duc Steel is selling CB240 at VND13,430 per kg and D10 CB300 at VND13,740 per kg. With VAS, the price of CB240 is VND13,400 per kg, while D10 CB300 is VND13,450 per kg. Viet Sing alone lists the price of CB240 at VND13,330 per kg and D10 CB300 at VND13,530 per kg.

In the Central region, Viet Duc continues to maintain the price at VND13,840/kg for CB240 and VND14,140/kg for D10 CB300. Meanwhile, in Ho Chi Minh City, Tung Ho brand keeps the price of CB240 at VND13,400/kg and D10 CB300 at VND13,750/kg.

Source: https://baoquangnam.vn/gia-thep-hom-nay-14-4-2025-thap-nhat-trong-vong-8-nam-3152714.html