Steel price today 22/2: reversed to decrease

Most steel benchmarks on the Shanghai Futures Exchange fell sharply.

Steel prices in the North

According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 13,690 VND/kg; D10 CB300 ribbed steel bar is priced at 13,840 VND/kg.

Viet Y steel brand, CB240 rolled steel line is priced at 13,640 VND/kg; D10 CB300 ribbed steel bar is priced at 13,740 VND/kg.

Viet Duc Steel, with CB240 coil steel line at 13,640 VND/kg, D10 CB300 ribbed steel bar is priced at 13,840 VND/kg.

Viet Sing Steel, with CB240 coil steel priced at 13,600 VND/kg; D10 CB300 ribbed steel bar priced at 13,800 VND/kg.

VAS steel, with CB240 coil steel line at 13,600 VND/kg; D10 CB300 ribbed steel bar is priced at 13,700 VND/kg.

Steel prices in the Central region

Hoa Phat Steel, with CB240 coil steel line at 13,690 VND/kg; D10 CB300 ribbed steel bar is priced at 13,840 VND/kg.

Viet Duc Steel, currently CB240 coil steel is at 13,940 VND/kg; D10 CB300 ribbed steel is priced at 14,340 VND/kg.

VAS Steel currently sells CB240 coil steel at 13,910 VND/kg; D10 CB300 ribbed steel bar is priced at 13,960 VND/kg.

Steel prices in the South

Hoa Phat Steel, CB240 rolled steel is at 13,690 VND/kg; D10 CB300 ribbed steel is priced at 13,840 VND/kg.

VAS steel, CB240 coil steel line is at 13,700 VND/kg; D10 CB300 ribbed steel bar is priced at 13,800 VND/kg.

Steel prices on the exchange

Rebar on the Shanghai Futures Exchange (SHFE) for October 2025 delivery fell 32 yuan to 3,381 yuan/t.

Iron ore futures rose to their highest in more than four months and were headed for a weekly gain, as signs of a recovery in steel consumption brightened the demand outlook in top consumer China, where hopes for more stimulus measures have revived.

The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) rose 1.51% to 838.5 yuan ($115.75) a tonne after hitting its highest since Oct. 8, 2024, at 844 yuan a tonne earlier in the session.

Benchmark March iron ore on the Singapore Exchange edged up 0.06% to $108.75 a tonne, after hitting its highest since Oct. 8, 2024, at $109.30. Both benchmarks have gained about 3% so far this week.

Downstream steel consumption has shown signs of recovery with trading volume of construction steel products jumping 44% on the week to 112,600 tonnes, data from consultancy Mysteel showed, supporting ore prices.

“Rebar demand is expected to increase sharply in the upcoming peak construction season (in March) as the weather warms up,” analysts at COFCO Futures said in a note.

Another move that boosted sentiment was China's central bank, which pledged on Thursday to provide strong financial support for the healthy development of the private economy and the growth of private enterprises.

However, average daily hot metal output, a gauge of iron ore demand, fell 0.2% for a second straight week from the previous week to 2.28 million tonnes as of Feb. 20, according to a Mysteel survey, capping gains.

Other steelmaking components on the DCE all rose, with coking coal up 2.12% and 1.77% respectively.

Most steel benchmarks on the Shanghai Futures Exchange fell sharply. Rebar fell 0.9%, hot-rolled coil edged down 0.81%, stainless steel fell 0.38% while wire rod fell 0.17%.

COFCO analysts added that due to possible economic growth stabilization policies announced in March, steel prices are expected to remain stable until mid-to-late March.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-22-2-quay-dau-giam.html