World steel prices continue to rise

Specifically, in the region, the price of Hoa Phat CB240 rolled steel increased sharply by 200 VND/kg, up to 14,940 VND/kg; D10 CB300 ribbed steel bar is priced at 15,020 VND/kg.

In addition to Hoa Phat, Viet Nhat Steel Company also announced an increase in the price of its rolled steel to VND14,870/kg, and D10 CB300 painted steel bars at VND14,870/kg.

Viet Duc Steel brand increased by 210 VND with rolled steel to 14,700 VND/kg and D10 CB300 ribbed steel at 14,900 VND/kg.

Viet Y Steel increased by 200 VND for CB240 rolled steel, up to 14,900 VND/kg; while D10 CB300 steel remained stable, priced at 15,000 VND/kg.

In the Southern region, Hoa Phat's CB240 rolled steel also increased by VND200, to VND14,910/kg; D10 CB300 ribbed steel is priced at VND14,760/kg.

Pomina steel, with CB240 coil steel line adjusted up to 16,060 VND/kg, D10 CB300 painted steel bar at 16,060 VND/kg.

With VAS Steel, CB240 coil steel has had its third price increase in the past 30 days to 14,870 VND/kg, D10 CB300 rebar steel has increased to 14,870 VND/kg.

In the past 2 months, construction materials and supplies have started to increase in price again after a sharp decline in the second half of 2022. Part of the reason is due to expectations that construction activities will return strongly when China loosens policies related to COVID-19, stimulating real estate projects to restart...

In the world, the steel price on the Shanghai exchange for May 2023 delivery increased by 32 yuan to 4,141 yuan/ton, while the October 2023 delivery increased by 10 yuan to 4,064 yuan/ton.

Iron ore prices on the Singapore Exchange (SGX) also increased, with the February 2023 delivery price increasing by 2.5% to $119.95/ton.

Source: https://nld.com.vn/kinh-te/thep-xay-dung-dong-loat-tang-gia-truoc-ky-nghi-tet-20230112112909827.htm