Material prices today January 20: Construction iron and steel prices today on the Shanghai Exchange
Steel price today delivered in May 2023 on the Shanghai Exchange fell 12 yuan to 4,168 yuan / ton.
Steel prices for October delivery in October 2023 on the Shanghai Exchange fell 8 yuan to 4,118 yuan / ton.
Regarding the Chinese market in particular, the Center for Analysis and Investment Advice of SSI Securities JSC (SSI Research) believes that steel prices may be less volatile in 2023 due to stable Chinese demand.
After a 2-4% decline in 2022, China’s demand is expected to remain flat or recover slightly between 1-2% in 2023, which is fueled by the reopening in the months the begin of the year.
Demand in the Chinese market is likely to remain weak but will be supported by recent government measures to address liquidity problems among property and infrastructure investors. Besides, steel output of the world’s largest manufacturers also declined as mills had to cut output following a long period of losses.
After reaching a peak in May 2022 at 96.6 million tons, China’s steel output gradually declined to 74.5 million tons in November, causing a balance between supply and demand. These factors may help regional steel prices to be more stable in 2023.
However, SSI Research thinks it is unlikely that steel prices will increase sharply, as the reopening in China will also lead to increased supply. In addition, the current price level is already 20-40% higher than the pre-Covid-19 level.
Meanwhile, exports to Vietnam’s longtime trading partners might also be affected by capacity increases in recent years in neighboring countries such as Malaysia, Indonesia, and the Philippines.
SSI Research forecasts finished steel exports may fall by more than 10% year-on-year in 2023. Corporate profits may recover from 2022 but risks remain high: Steel and raw material prices stable More stability can help stabilize the profits of steel companies in 2023.
Material prices today January 20: Steel prices turn down before the Lunar New Year holiday
On January 6, the domestic steel market had a price adjustment with the CB240 coil line. In this adjustment, Hoa Phat Steel sharply increased the price of CB240 coils by 200 dong, to 14,940 dong/kg in the northern market. Viet Duc Steel, CB240 coil line increased by 200 dong, at 15,050 dong/kg in the central market. VAS steel, CB240 coil line increased for the 3rd time within 30 days, surpassing the threshold of 14,870 VND/kg in the southern market.
After a period of stability, steel enterprises adjusted once more, this is the first price adjustment in 2023. By the end of 2022, many brands have adjusted prices several times.
The steel market is waiting for positive signals in the beginning of 2023 because it is customary for this to be the period when steel demand increases when construction works rush to speed up progress.
The Vietnam Steel Association (VSA) said that whether steel demand this year can increase strongly or not still depends on many factors, especially when steel inventories of domestic enterprises are still high, manufacturers takes time to process.
According to the Vietnam Steel Association, the steel industry has experienced a difficult year in 2022, the production of finished steel products reached 29.3 million tons, down 12% and the sales of all kinds of steel reached 27.3 million tons, down 7 percent. % compared to 2021.
Steel prices in the North
According to SteelOnline.vn, Hoa Phat steel brand, with CB240 steel coil, sharply increased the selling price by 200 dong, to 14,940 dong/kg; D10 CB300 rebar is priced at 15,020 VND/kg.
Vietnam Italy Steel also increased by 200 dong with CB240 coil to 14,900 dong/kg; and D10 CB300 steel is still stable, priced at 15,000 VND/kg.
Viet Sing Steel, with CB240 coil also increased by 200 dong, to 14,820 dong/kg; D10 CB300 rebar is priced at 14,920 VND/kg.
VAS steel, CB240 coil current at 14,870 VND/kg – an increase of 200 VND; painted bar steel line D10 CB300 priced at 14,870 VND/kg.
Similarly, Viet Nhat steel, with CB240 coil line, changed from 14,670 VND/kg to 14,870 VND/kg; painted bar steel D10 CB300 at 14,870 VND/kg.
Viet Duc steel brand, with CB240 steel coil increased by 210 VND, to 14,700 VND/kg; with rebar D10 CB300 priced at 14,900 VND/kg.
Material price today 20/1
Material price today 20/1
Steel prices in the Central region
Hoa Phat Steel, with CB240 coil line at VND 14,860/kg – an increase of VND 200; D10 CB300 rebar is priced at 15,010 VND/kg.
Pomina steel continued to be stable from December 24 to now, currently CB240 coil line is at 16,120 VND/kg; painted steel bar line D10 CB300 is priced at 16,320 VND/kg.
Viet Duc Steel, CB240 coil line increased by 200 dong, at 15,050 dong/kg; D10 CB300 rebar is priced at 15,250 VND/kg.
VAS steel, with CB240 coil increased by 200 dong, touching 14,870 dong/kg; D10 CB300 rebar is priced at 14,870 VND/kg.
Material price today 20/1
Material price today 20/1
Steel prices in the South
Hoa Phat Steel, CB240 coil steel line also increased by 200 dong, currently at 14,910 dong/kg; D10 CB300 rebar is priced at 14,760 VND/kg.
Pomina Steel, with CB240 coil line at 16,060 VND/kg; painted bar steel D10 CB300 at 16,060 VND/kg.
VAS steel, CB240 coil steel increased for the 3rd time within 30 days past the threshold of 14,870 VND/kg; D10 CB300 rebar is priced at 14,870 VND/kg.
Tung Ho Steel, with CB240 coil, increased by 15,070 VND/kg – 200 VND; D10 CB300 rebar is priced at 14,870 VND/kg.
Material price today 20/1
Material price today 20/1
