Steel segment will account for 95% of Hoa Phat's total revenue

Steel price today on the exchange

Steel price today April 13, 2024 - Steel price for September 2024 delivery on the Shanghai Stock Exchange increased by 20 yuan to 3,370 yuan/ton

The September iron ore futures contract on China's Dalian Commodity Exchange (DCE) closed 1.29% higher at 826 yuan ($114.14) a tonne.

Benchmark iron ore for May delivery on the Singapore Exchange (SGX) rose 1.12% to $107.9 a tonne.

Steel price today April 13, 2024: Steel segment will account for 95% of Hoa Phat's total revenue. Illustrative photo

Other steelmaking raw materials on the DCE floor all gained points, with coking coal DJMcv1 and coking coal DCJcv1 up 2.92% and 3% respectively.

Steel prices on the Shanghai Futures Exchange rose sharply. Specifically, rebar SRBcv1 increased by 0.75%, steel bars SWRcv1 increased by 0.88%, stainless steel SHHScv1 increased by 0.33% and hot-rolled coil SHHCcv1 increased by 0.29%.

Domestic steel market price

Hoa Phat Group Joint Stock Company (HPG) has just held its 2024 Annual General Meeting of Shareholders, with the participation of nearly 700 shareholders, representing 68% of voting shares.

Regarding the 2024 business plan, HPG's board of directors assessed that the Vietnamese and world economies still have many unknowns, unclear signs of recovery, fluctuations in exchange rates, interest rates and other factors in the world market. On that basis, Hoa Phat closely monitors market developments to manage production and business accordingly. Specifically, the group sets a target of VND 140,000 billion in revenue and VND 10,000 billion in after-tax profit in 2024.

However, after the Dung Quat 2 project is completed, Hoa Phat's revenue could reach VND200,000 billion and the revenue proportion of the steel segment will account for 95% of the Group's total revenue, increasing from 85-90% in recent years.

According to a survey on Steel Online, today's steel price on April 13, 2024 is as follows:

Steel prices in the North

Hoa Phat steel price today decreased by 100 VND/kg for both steel lines. With CB240 rolled steel down to 14,040 VND/kg; D10 CB300 ribbed steel down to 14,430 VND/kg.

The price of Viet Y steel, with CB240 coil steel line decreased by 100 VND/kg, down to 14,040 VND/kg; D10 CB300 ribbed steel bar also decreased by 100 VND/kg, down to 14,540 VND/kg.

Viet Duc steel price for CB240 coil steel decreased by 100 VND/kg, down to 13,940 VND/kg, D10 CB300 ribbed steel decreased by 10 VND/kg, down to 14,630 VND/kg.

The price of Viet Nhat Steel (VJS), with CB240 steel line decreased by 100 VND/kg, down to 14,110 VND/kg, with D10 CB300 steel line maintained at 14,310 VND/kg.

Kyoei Vietnam Steel (KVSC) price for CB240 coil steel decreased by 100 VND/kg, down to 13,970 VND/kg, and for D10 CB300 ribbed steel bar decreased by 100 VND/kg, down to 14,270 VND/kg.

Vietnam-America Steel (VAS) price, with CB240 rolled steel line stable at 14,110 VND/kg, with D10 CB300 ribbed steel line stable at 14,210 VND/kg.

Steel prices in the Central region

Steel prices in the Central region today decreased by 100 VND/kg for some steel brands. Specifically:

Hoa Phat steel price, with CB240 coil steel line decreased by 100 VND/kg to 14,040 VND/kg; D10 CB300 ribbed steel bar decreased by 100 VND/kg to 14,390 VND/kg.

Viet Duc steel price, with CB240 coil steel line decreased by 100 VND/kg, down to 14,440 VND/kg; D10 CB300 ribbed steel bar decreased by 100 VND/kg, down to 14,750 VND/kg.

Vietnam-America Steel (VAS) prices, with CB240 coil steel stable at 14,210 VND/kg; D10 CB300 ribbed steel bar stable at 14,670 VND/kg.

Pomina steel price, with CB240 coil steel stable at 14,690 VND/kg; D10 CB300 rebar steel stable at 15,300 VND/kg.

Steel prices in the South

Steel prices in the South today also decreased by 100 VND/kg. Specifically:

Hoa Phat steel price, with CB240 coil steel line decreased by 100 VND/kg, down to 14,040 VND/kg; D10 CB300 ribbed steel bar decreased by 100 VND/kg, down to 14,430 VND/kg.

Pomina steel price with CB240 coil steel line is stable at 14,590 VND/kg; D10 CB300 rebar steel is stable at 15,300 VND/kg.

Viet My Steel (VAS), with CB240 coil steel stable at 14,010 VND/kg; D10 CB300 ribbed steel at 14,410 VND/kg.

Tung Ho Steel, with CB240 coil steel line stable at 14,210 VND/kg, with D10 CB300 rebar steel line at 14,510 VND/kg.

Information is for reference only, actual prices will vary by location!

Source: https://congthuong.vn/gia-thep-hom-nay-ngay-1342024-mang-thep-se-chiem-95-tong-doanh-thu-cua-hoa-phat-314429.html