Steel price today November 20, steel futures price increased

Most steel benchmarks on the Shanghai Futures Exchange rose.

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 rose 16 yuan to 3,386 yuan/t.

Benchmark iron ore for December delivery on the Singapore Exchange rose 2.02% to $101.15 a tonne, after hitting its highest since Nov. 11 at $101.90 a tonne.

A weaker dollar makes commodities priced in greenbacks cheaper for buyers holding other currencies.

"Data over the weekend showed that the pace of local government bond issuance accelerated, indicating more funds for real estate projects, boosting the iron market," said Pei Hao, an analyst at international brokerage Freight Investor Services (FIS). "Moreover, $100 a tonne is a key level that traders have been watching closely because once prices fall below this level, demand for seaborne cargoes increases even amid high port inventories."

Some mills have started buying seaborne cargoes to meet production needs during the week-long Lunar New Year holiday in January, said a Chinese steelmaker and a trader, both of whom requested anonymity because they were not authorized to speak to the media.

"Such buying will provide some support to prices, preventing them from falling sharply, but it is not enough for a strong recovery as port stocks remain quite high," FIS's Pei added.

Other steelmaking components on the DCE also rose, with coking coal and coke up 1.69% and 1.46%, respectively.

Most steel benchmarks on the Shanghai Futures Exchange rose. Rebar rose 1.84%, hot-rolled coil rose 1.19%, wire rod rose 0.59% and stainless steel rose 0.57%.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-20-11-thep-ky-han-deu-tang-gia.html