Steel construction prices have experienced a second increase in 2024, with the highest rise reaching 210,000 VND per ton.

According to data from Steel Online, compared to the adjustment on January 8, this round of price adjustments saw an increase of 100,000 to 210,000 VND per ton for CB240 coil steel and D10 CB300 rebar, depending on the brand and type.

Hoa Phat has raised the price of CB240 coil steel by 200,000 VND per ton in the North, Central, and South regions. After the adjustment, CB240 coil steel from Hoa Phat now costs 14.34 million VND per ton in all three regions.

In contrast, the price of D10 CB300 rebar from Hoa Phat remains unchanged at 14.53 million VND per ton in the North and South regions.

Similarly, Viet My Steel (VAS) has also increased the price of CB240 steel by 200,000 VND per ton in all three regions. After the adjustment, CB240 steel prices are 14.11 million VND per ton in the North, 14.41 million VND per ton in the Central region, and 14.16 million VND per ton in the South.

Viet My Steel has maintained the price of D10 CB300 rebar at 14.21 million VND per ton in the North and 14.26 million VND per ton in the Central and South regions.

Viet Y Steel in the North has similarly increased the price of CB240 steel by 200,000 VND per ton, bringing it to 14.34 million VND per ton. The price of D10 CB300 rebar has also been raised by 100,000 VND per ton to 14.64 million VND per ton.

Viet Duc Steel has increased the price of CB240 steel by 200,000 VND per ton in the North, reaching 14.24 million VND per ton. The price of D10 CB300 rebar remains at 14.64 million VND per ton.

Likewise, Tung Ho Steel in the South has increased the price of CB240 steel by 200,000 VND per ton to 14.26 million VND per ton, while the price of D10 CB300 rebar remains at 14.41 million VND per ton.

This marks the second price increase of the year 2024 and the sixth consecutive increase since late November 2023.

The Vietnam Steel Association (VSA) reported that since the beginning of Q4 2023, steel prices have been on an upward trend due to rising raw material costs. Factories have had to adjust steel prices upwards to offset part of the increase in raw material costs, despite still low demand.

Source:Vietstock