Steel price today April 17:

World steel prices

At the end of the trading session on April 16, the price of rebar for May delivery on the Shanghai Stock Exchange decreased by 0.46% (14 yuan) to 3,034 yuan/ton. Similarly, the price of iron ore for May delivery on the Dalian Stock Exchange decreased by 0.2% (1.5 yuan) to 762 yuan/ton, while the price of ore on the Singapore Stock Exchange decreased by 0.52 USD to 98.71 USD/ton.

In China, from April 1 to 11, spot rebar prices fell by $12/ton to $416/ton (FOT). Market participants attributed this to a situational factor, stemming from uncertainty over China’s steel export prospects amid the trade war with the US.

Currently, the housing construction industry in China continues to sink deeper into crisis and can no longer support the demand for steel rebar. According to Fitch forecasts, new home sales in China could fall by 10% in 2025 due to too many completed projects without buyers. This means that further construction is unnecessary.

In India, rebar prices remained stable at $668 per tonne (ex-works – Mumbai) during April 4-11, according to Kallanish. However, they have increased by $12 per tonne since the start of the month. Metal traders expect prices to continue rising in the coming weeks.

This forecast is based on confidence in strong demand from domestic construction companies for steel bars and structural steel products. Historically, government orders have been the main drivers of the construction market in India. Therefore, demand will be supported by government funding.

In the financial year 2025–26 (starting April 1), the Government of India has planned to increase direct public investment by 10% to USD 130.6 billion. At the same time, India's Minister of State for Urban Development and Infrastructure, Hardeep Singh Puri, announced that investment in infrastructure projects in the period 2024–2028 will increase 1.78 times compared to the period 2020–2024.

In Italy, rebar prices rose by 20 euros per tonne to 585 euros per tonne (EXW) from April 1-11. Domestic producers refused to lower prices despite requests from some buyers. Traders attributed the slowdown in demand for construction steel products to the Easter holidays.

Meanwhile, in Türkiye, rebar prices fell by $14 per tonne from April 1-12 to $558 per tonne (FOB). According to market participants, domestic construction companies and importers in southern Europe are reluctant to buy Turkish steel, as competitors from Algeria and Egypt offer lower prices.

Domestic steel prices

The domestic steel price market recorded stable prices in most regions, without any significant adjustments compared to previous trading sessions. This development reflects a temporary balance between supply and demand, in the context of the global raw material market showing mixed signals in terms of prices and trading volume.

In the Northern region, major brands keep the same price list:

Hoa Phat: CB240 rolled steel remains at 13,530 VND/kg; D10 CB300 ribbed steel is at 13,580 VND/kg.

Viet Duc: CB240 is 13,430 VND/kg and D10 CB300 is 13,740 VND/kg.

VAS: CB240 price is 13,400 VND/kg; D10 CB300 is 13,450 VND/kg.

Viet Sing: CB240 costs 13,330 VND/kg, while D10 CB300 is 13,530 VND/kg.

The Central and Southern regions also recorded stable prices. Specifically, Viet Duc in the Central region listed CB240 at VND13,840/kg and D10 CB300 at VND14,140/kg. In Ho Chi Minh City, Tung Ho continued to maintain CB240 at VND13,400/kg and D10 CB300 at VND13,750/kg.

Domestic steel price movements show the stability of supply in the context of no strong breakthrough in construction demand after the first quarter of the year.

Source: https://baodaknong.vn/gia-thep-hom-nay-17-4-249675.html