Steel prices today, November 18, decreased due to weak demand

Steel on the Shanghai Futures Exchange continued to fall.

Steel prices in the North

According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 13,580 VND/kg; D10 CB300 ribbed steel bar is priced at 13,790 VND/kg.

Viet Y Steel brand, CB240 rolled steel line is priced at 13,530 VND/kg; D10 CB300 ribbed steel bar is priced at 13,640 VND/kg.

Viet Duc Steel, with CB240 coil steel line at 13,530 VND/kg, D10 CB300 ribbed steel bar is priced at 13,890 VND/kg.

Viet Sing Steel, with CB240 coil steel priced at 13,500 VND/kg; D10 CB300 ribbed steel bar priced at 13,700 VND/kg.

VAS steel, with CB240 coil steel line at 13,500 VND/kg; D10 CB300 ribbed steel bar is priced at 13,600 VND/kg.

Steel prices in the Central region

Hoa Phat Steel, with CB240 coil steel down to 13,580 VND/kg; D10 CB300 ribbed steel bar priced at 13,790 VND/kg.

Viet Duc Steel, currently CB240 coil steel is at 13,990 VND/kg; D10 CB300 ribbed steel is priced at 14,190 VND/kg.

VAS Steel currently sells CB240 coil steel at 13,650 VND/kg; D10 CB300 ribbed steel bar is priced at 13,700 VND/kg.

Pomina steel, with CB240 coil steel line at 14,180 VND/kg; D10 CB300 ribbed steel bar is priced at 14,180 VND/kg.

Steel prices in the South

Hoa Phat Steel, CB240 rolled steel at 13,580 VND/kg; D10 CB300 ribbed steel reduced to 13,790 VND/kg.

VAS steel, CB240 coil steel line is at 13,500 VND/kg; D10 CB300 ribbed steel bar is priced at 13,600 VND/kg.

Pomina steel, CB240 coil steel line is at 13,970 VND/kg; D10 CB300 ribbed steel bar is priced at 13,970 VND/kg.

Steel prices on the exchange

Rebar on the Shanghai Futures Exchange (SHFE) for May 2025 delivery fell 34 yuan to 3,316 yuan/t.

Iron ore futures fell to their lowest in nearly two months and fell for the week, weighed down by weakness in China’s property sector, stronger supply and a bearish seasonal outlook for steel demand.

The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) ended the day's session down 3.09 percent at 736.0 yuan ($101.80) a tonne, its lowest since Sept. 27. Prices have fallen 6.18 percent this week.

Benchmark December iron ore on the Singapore Exchange fell 1.7% to $96.60 a tonne, down 4.18% for the week.

China's new home prices fell the most in October from a year earlier since 2015, while property investment fell 10.3 percent in the first 10 months of 2024, official data showed on Friday, suggesting Beijing's support measures for the sector have so far had little impact.

In addition, Atilla Widnell, CEO at Navigate Commodities, said a “strong” 2.17 million tonne increase in Australian iron ore shipments and a 2.31 million tonne increase in iron ore imports from China in the week ending November 10 would weaken prices and futures.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-18-11-giam-do-nhu-cau-yeu.html