Steel price today April 16: Slight increase on the floors...

Domestic steel prices

According to the latest survey, steel prices in many regions across the country remain stable, with no significant adjustments compared to previous trading sessions. This is a positive signal for businesses in the construction industry as they enter the peak construction season.

In the Northern region, many major brands continue to maintain their prices: Hoa Phat: CB240 at 13,530 VND/kg; D10 CB300 at 13,580 VND/kg. Viet Duc: 13,430 VND/kg (CB240) and 13,740 VND/kg (D10 CB300). VAS: 13,400 VND/kg (CB240) and 13,450 VND/kg (D10 CB300). Viet Sing: CB240 at 13,330 VND/kg; D10 CB300 at 13,530 VND/kg.

Meanwhile, the Central region recorded a higher level of VND 13,650/kg. For rebar, CB300 prices ranged from VND 13,450/kg (South, D12-D28) to VND 13,750/kg (Central, D10), while CB400 and CB500 were priced from VND 13,550/kg to VND 13,850/kg, with the Central region continuing to lead in price. Compared to April 15, 2025, steel prices increased slightly by about VND 20-270/kg, especially in the Central region, where construction demand is increasing strongly thanks to infrastructure projects.

In Ho Chi Minh City, Tung Ho brand continues to maintain the price of 13,400 VND/kg (CB240) and 13,750 VND/kg (D10 CB300).

The stability of steel prices on April 16, 2025 shows that the market is entering a period of balance after major fluctuations in the first quarter of 2025. According to sources, domestic steel prices have increased by VND 200-500/kg since the beginning of the year due to the cost of importing raw materials and policies to stimulate public investment. However, the slight increase on April 16, 2025 shows that major manufacturers such as Hoa Phat, Southern Steel and Viet Nhat are maintaining stable supply, meeting domestic and export demand well.

World steel prices

Steel and iron ore prices on international exchanges recorded slight increases. The May rebar price on the Shanghai Futures Exchange reached 3,052 yuan/ton, up 0.26%. Iron ore futures on the Dalian Commodity Exchange rose 0.6% to 757.5 yuan/ton, while on the Singapore Commodity Exchange, iron ore prices reached 98.13 USD/ton, up 1.01 USD. This development shows that the market is gradually recovering, but still faces risks from trade policies and the global political situation.

The global steel industry is paying close attention to the dispute between Britain and China’s Jingye Group, the owner of British Steel. Business Secretary Jonathan Reynolds said China was not welcome in the domestic steel industry after Jingye refused a £500m support package to maintain its loss-making blast furnaces in Scunthorpe.

If British Steel’s blast furnaces close, Britain risks becoming the only major economy unable to produce primary steel from iron ore, severely impacting its industrial capacity. The British government fears that Jingye will import semi-finished steel from China for processing, posing a risk to production security at a time when the world has excess steel capacity and the US has imposed high tariffs on Chinese steel.

Source: https://baodaknong.vn/gia-thep-hom-nay-16-4-tang-nhe-tren-cac-san-giao-dich-quoc-te-249534.html