Steel price today April 18: Slight decrease, opposite to iron ore price

World steel prices

At the end of the trading session on April 17, the price of rebar for May delivery on the Shanghai Stock Exchange decreased by 0.2% (6 yuan) to 3,028 yuan/ton. Meanwhile, the price of iron ore for May delivery on the Dalian Stock Exchange increased by 0.5% (3.5 yuan) to 765.5 yuan/ton, while the price of ore on the Singapore Stock Exchange increased by 0.14 USD to 97.95 USD/ton.

Elsewhere, Rio Tinto, one of the world’s largest iron ore producers, reported its lowest supply since 2019 in the first quarter of 2025, delivering just 70.7 million tonnes from its mines in Australia’s Pilbara region. That’s down from 78 million tonnes last year and below Visible Alpha’s forecast of 73.6 million tonnes, according to Reuters.

The cause was a series of tropical storms that disrupted operations at the port of Dampier, causing losses of up to 13 million tonnes. The company warned that further weather disruptions could threaten its planned minimum supply target for 2025, which is set at 323–338 million tonnes.

To cover at least half of the losses, the company is rolling out a recovery plan worth about A$150 million (≈US$95 million), including equipment repairs and contract mining.

Meanwhile, copper production at all of the company’s mines rose 16% year-on-year to 210,000 tonnes, but was down 8% from the previous quarter. At the Kennecott mine in Utah, production fell 32% due to an emergency that damaged a conveyor belt, but was up 7% year-on-year. The company said the conveyor belt has been fully restored.

Rio Tinto has forecast an increase in iron ore production of 15 million tonnes between 2023 and 2025. The company’s main focus is the Simandou project in Guinea, which is expected to come online in 2025. Meanwhile, its production target in the Pilbara region of Australia remains unchanged at 323 to 338 million tonnes in 2025. This is also where a safe production system will be implemented, helping to gradually increase operational efficiency.

Domestic steel prices

According to the reporter's records at 7:00 a.m. on April 18, 2025, today's steel prices updated from SteelOnline.vn, steel prices in the Northern, Central and Southern regions remained stable after a slight increase in some brands, currently steel prices fluctuate from 13,380 - 14,200 VND/kg for products such as CB240 and D10 CB300.

Steel price today April 15 in the Northern region

Viet Duc Steel: CB240 rolled steel is priced at VND13,500/kg; D10 CB300 ribbed steel is priced at VND13,800/kg.

Hoa Phat Steel: CB240 rolled steel at 13,550 VND/kg; D10 CB300 ribbed steel at 13,600 VND/kg.

Viet Sing Steel: CB240 coil steel price 13,450 VND/kg; D10 CB300 ribbed steel price 13,650 VND/kg.

Steel price today April 15 in the Central region

Viet Duc Steel: CB240 rolled steel costs 13,800 VND/kg; D10 CB300 ribbed steel is 14,200 VND/kg.

Hoa Phat Steel: CB240 coil steel at 13,650 VND/kg; D10 CB300 ribbed steel at 13,750 VND/kg.

Steel price today April 15 in the Southern region

Hoa Phat Steel: CB240 rolled steel at 13,550 VND/kg; D10 CB300 ribbed steel remains at 13,650 VND/kg.

VAS Steel: CB240 coil steel price is 13,380 VND/kg; D10 CB300 ribbed steel bar is 13,480 VND/kg.

TungHo Steel: CB240 coil steel is priced at 13,400 VND/kg; D10 CB300 ribbed steel is 13,750 VND/kg.

Source: https://baodaknong.vn/gia-thep-hom-nay-18-4-giam-nhe-nguoc-chieu-quang-sat-249897.html