Steel price today April 6: Slight decrease

Domestic market

Steel prices at the end of the week showed a slight downward trend in all three regions of the North, Central and South, with prices ranging from VND13,400 to VND14,140/kg for popular product lines such as CB240 and D10 CB300.

In the North, today's steel prices on April 5, 2025 of major brands such as Viet Duc, Hoa Phat and Viet Sing are in the range of 13,330 - 13,740 VND/kg, of which Viet Duc's D10 CB300 rebar is the highest at 13,740 VND/kg, while Viet Sing's CB240 coil is the lowest at 13,330 VND/kg. Despite a slight decrease, these prices still reflect the relative stability of the steel market in the North.

Steel prices today recorded a slight decrease due to US tariff pressure, fluctuating between 13,400-14,140 VND/kg in Vietnam, internationally also plummeted.

In the Central region, steel prices today, April 5, 2025, show a significant difference between brands. Viet Duc Steel stands out with higher prices, reaching VND 13,840/kg for CB240 rolled steel and VND 14,140/kg for D10 CB300 ribbed steel, while Hoa Phat Steel maintains lower prices, at VND 13,530/kg and VND 13,640/kg for the two corresponding product lines. This differentiation may stem from transportation costs or local demand, although the overall market in this region also recorded a slight downward trend.

In the South, steel prices today, April 5, 2025, fluctuated between 13,380 - 13,750 VND/kg, with TungHo steel leading at 13,750 VND/kg for D10 CB300 rebar, while VAS CB240 coil steel was the lowest at 13,380 VND/kg. Hoa Phat Steel kept prices stable at 13,530 VND/kg for CB240 and 13,640 VND/kg for D10 CB300, while TungHo and VAS steel showed slight price adjustments. The downward trend in the South seemed to be in sync with other regions, reflecting pressure from abundant supply or lackluster construction demand.

In general, steel prices at the end of the week across the country showed a slight downward adjustment in some brands, but not too deep, keeping prices within a relatively stable range. This may be related to the caution of the steel market in the context of the economy not showing many breakthrough signals, along with the impact of input material prices and domestic consumption demand.

World market

Today's steel prices on international exchanges showed a slight downward adjustment trend, reflecting the cautious sentiment of the market in the context of many conflicting factors. On the Shanghai Futures Exchange (SHFE), the price of rebar for May delivery ended this morning's session down 0.16%, equivalent to 5 yuan, to 3,165 yuan/ton. Similarly, today's steel price on April 5, 2025 on the Dalian Commodity Exchange (DCE) also recorded a decrease of 0.25% for iron ore for May delivery, losing 2 yuan to close at 789 yuan/ton. On the Singapore Exchange, iron ore prices continued to be under pressure with a decrease of 0.9 USD, bringing the price down to 100.85 USD/ton.

However, the decline in steel prices today, April 5, 2025, is not too strong, thanks to optimistic expectations about consumption demand in China - the world's largest steel market. The economic stimulus policies that this country may implement in the coming time are considered a supporting factor, helping to restrain a deeper decline. In addition, seasonal demand for steelmaking raw materials also plays an important role in limiting the decline, bringing some bright spots in the rather gloomy overall picture.

However, the downward pressure on steel prices today partly stems from international geopolitical developments. US President Donald Trump's announcement of reciprocal tariffs on many countries has raised concerns about disruptions in the global supply chain, negatively affecting investor sentiment and dragging down iron ore prices. However, the decline is still controlled at a moderate level, showing that the market is still in a state of balance, waiting for more clear signals from economic and policy moves in the near future.

Source: https://baodaknong.vn/gia-thep-hom-nay-6-4-giam-nhe-248458.html