Steel price on April 23: Iron ore price fluctuates

Steel prices on the exchange

Rebar on the Shanghai Futures Exchange (SHFE) for October 2025 delivery fell 3 yuan to 3,089 yuan/t.

Iron ore futures traded in a narrow range, as investors weighed new temporary tariffs on some Chinese steel against bright near-term demand from China.

The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) rose 0.21% to 711 yuan ($97.26) a tonne.

Benchmark iron ore for May delivery (SZZFK5) on the Singapore Exchange fell 0.87% to $98.50 a tonne.

Tariff concerns are weighing on steel exports, weighing on the outlook for iron ore demand in the second quarter, brokerage Galaxy Futures said.

Meanwhile, steel output rose 4.6% to 93 million tonnes in March despite government efforts to curb capacity, according to ANZ.

"Strong iron ore buying by steel mills and lower imports have led to a sharp decline in inventories," ANZ added.

Total iron ore inventories across ports in China fell 2.39% week on week to 134.6 million tonnes as of April 18, Steelhome data showed.

However, hot metal output fell slightly by 1,000 tonnes from the previous month and steel mill profits fell, according to brokerage Everbright Futures.

Hot metal output is often used to gauge iron ore demand. On the supply side, iron ore shipments from Australia and Brazil edged up 0.1% from the previous week, consultancy Mysteel said in a note.

Other steelmaking components on the DCE lost ground, with coking coal and coke (DCJcv1) down 2.42% and 1.83%, respectively.

Steel benchmarks on the Shanghai Futures Exchange weakened. Rebar fell 0.74%, hot-rolled coil and wire (SWRcv1) both fell about 0.8%, and stainless steel fell 0.63%.

Domestic steel prices

Steel prices in the North

According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 13,550 VND/kg; D10 CB300 ribbed steel bar is priced at 13,600 VND/kg.

Viet Y steel brand, CB240 rolled steel line is priced at 13,580 VND/kg; D10 CB300 ribbed steel bar is priced at 13,690 VND/kg.

Viet Duc Steel, with CB240 coil steel line at 13,500 VND/kg, D10 CB300 ribbed steel bar is priced at 13,800 VND/kg.

Viet Sing Steel, with CB240 coil steel, is priced at VND13,450/kg; D10 CB300 ribbed steel is priced at VND13,650/kg.

VAS steel, with CB240 coil steel line at 13,330 VND/kg; D10 CB300 ribbed steel bar is priced at 13,380 VND/kg.

Steel prices in the Central region

Hoa Phat Steel, with CB240 coil steel line, is at 13,630 VND/kg; D10 CB300 ribbed steel bar is priced at 13,750 VND/kg.

Viet Duc Steel, currently CB240 coil steel is at 13,800 VND/kg; D10 CB300 ribbed steel is priced at 14,200 VND/kg.

VAS steel, CB240 coil steel line is at 13,740 VND/kg; D10 CB300 ribbed steel bar is priced at 13,790 VND/kg.

Steel prices in the South

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

VAS steel, CB240 coil steel line is at 13,380 VND/kg; D10 CB300 ribbed steel bar is priced at 13,480 VND/kg.

Source: https://baodaknong.vn/gia-thep-ngay-23-4-gia-quang-sat-nhieu-bien-dong-250298.html