Steel prices suddenly dropped very sharply

Material prices today 4/22: Steel price fell today at 5,018 yuan/ton on the Shanghai exchange, down 67 yuan/ton.

The futures price of rebar in China is 5,151 yuan/ton (798 USD/ton), down 0.3% compared to April 20 – the day this commodity was recorded the highest price in 6 months.

Future prices of rebar in China are still high because the country has blocked many cities, including Shanghai, affecting production and transportation… Besides, this country is still applying take measures to reduce emissions into the environment.

Domestically, the current price of construction steel of all kinds is around 18,600-20,600 VND/kg. In which, the average price of round steel at the factory after VAT of manufacturers Hoa Phat, the South, and Vietnam Japan is 18,300 VND/kg, 18,600 VND, 19,000 VND/kg, respectively; The average price of all kinds of shaped steel is about 20,600 VND/kg. Thus, on average, in the first quarter of 2022, the price of construction steel of all kinds was about VND 18,890/kg, up 3.5% compared to the fourth quarter of 2021.

Steel prices in the South: Hoa Phat Steel continues to remain stable. Specifically, with CB240 coil line currently at 18,990 VND/kg; D10 CB300 rebar is priced at 19,090 VND/kg.

Pomina Steel stabilized its selling price for 27 consecutive days, with its 2 product lines including CB240 coil at VND 19,430/kg; D10 CB300 rebar is priced at 19,630 VND/kg.

VAS steel chain with stable selling price continued to be recorded. CB240 coil line is currently at 18,890 VND/kg; with D10 CB300 rebar reached 18,990 VND/kg.

Tung Ho Steel, with the CB240 coil line, is priced at VND 18,980/kg; D10 CB300 rebar is currently priced at 19,130 ​​VND/kg.

Steel prices in the North: Hoa Phat steel brand extends a stable series of days. Specifically, CB240 steel coil stabilized at 18,940 VND/kg; D10 CB300 rebar is priced at 19,040 VND/kg.

Vietnam Italy Steel recorded a stable price. CB240 coil line is currently at 18,890 VND/kg; D10 CB300 rebar line is priced at 18,990 VND/kg.

Viet Duc steel brand has no price fluctuations. With 2 product lines of the company including CB240 steel coil at 18,880 VND/kg; and D10 CB300 rebar is priced at 19,180 VND/kg.

VAS steel continues to maintain the highest price in the past 30 days, CB240 coil line is at 18,180 VND/kg; D10 CB300 rebar line is priced at 18,280 VND/kg.

Vietnam Japan Steel has stopped increasing its price since March 16, with CB240 coil at VND 18,820/kg; D10 CB300 rebar is priced at 18,920 VND/kg.

Viet Sing Steel, with 2 products including CB240 coil, reached VND 18,820/kg; rebar line D10 CB300 is priced at 19,030 VND/kg.

Steel prices in the Central region: Hoa Phat Steel today (April 12) is stable. CB240 coil line is currently at 18,990 VND/kg; D10 CB300 rebar is priced at 19,090 VND/kg.

Viet Duc Steel has stopped increasing prices since March 16. Specifically, with 2 products of the company, including CB240 steel coil, currently at VND 18,980/kg; D10 CB300 rebar is priced at 19,280 VND/kg.

VAS steel recorded a stable selling price. Currently, CB240 coil line is priced at 18,790 VND/kg; Rebar D10 CB300 reached 18,840 VND/kg.

Pomina steel, with CB240 coil line, was stable at 19,380 VND/kg; and D10 CB300 rebar is priced at 19,580 VND/kg.

Similarly, about the cement market, the country currently has 90 production lines cement with a total capacity of 106.6 million tons/year, but can actually produce up to 122 million tons/year.

Despite oversupply, but due to the pressure of input material prices in the first quarter such as electricity, packaging, gasoline, especially coal, the price of cement still increased from 30,000-50,000 VND/ton compared to the fourth quarter of 2021 (up 1- 1 ). 3% compared to the fourth quarter of 2021 and up 11-15% over the same period in 2021).

About sand pricebackfill soil, construction stone, in the first quarter of 2022, the price of embankment land the average price at the mines is 35,000-40,000 VND/m3, the average price of sand to the construction site is 337,000 VND/m3, the average stone price to the construction site is 224,000 VND/m3. However, gasoline prices are high, leading to a scarcity of sand, fill soil, and construction stone.