Accordingly, on May 28, the Australian Federal Foreign Investment Commission (FIRB) approved the contract to buy 100% of the shares of the Roper Valley iron ore mine project of the Australian subsidiary of Hoa Phat Group. . Roper Valley iron ore mine has estimated reserves of 320 million tons. After the transaction is completed, Hoa Phat is the owner of the Roper Valley iron ore project with an estimated reserve of 320 million tons and a mining capacity of 4 million tons/year. Hoa Phat said that the group will continue to research to invest in buying some new iron mines in Australia, in order to ensure a long-term supply of at least 50% of the Group’s iron ore demand (equivalent to 10 million tons of iron ore). /year). Besides, the raw material that constitutes up to 30% of the steel price is coking coal, which is currently imported by Hoa Phat from Australia – the world’s largest coking coal supplier market. The Group is studying to buy a few Australian coking coal mines in the future to gradually become self-sufficient in this important production material. Talking to Dat Viet, metallurgical expert – Prof. Dr. Pham Pho assessed, this step of Hoa Phat is very wise, helping businesses to proactively source raw materials in a stable and long-term way. According to him, normally Australia rarely sells the whole mine, but now, due to political and trade tensions with China, Beijing has limited the purchase of iron ore from Canberra, on condition that Australia sells the whole ore mine to Vietnam. should be easier without raising prices. Roper Valley iron ore mine has estimated reserves of 320 million tons. Photo: Hoa Phat “With this step, Hoa Phat can take the initiative in the source of raw materials, only have to worry about exploitation and transportation. Enterprises must send people to supervise and operate, along with a team of workers in your country to exploit. Most of Vietnam’s steel mills rely on scrap iron for production. However, the current scrap iron and steel is limited, the price has increased, the quality is poor, not to mention the difficulty in transportation. It can be said that enterprises producing steel by electric furnace technology, using scrap iron will face many difficulties in the future. Therefore, this step of Hoa Phat is very important,” said Professor Pho. The expert also highly appreciated Hoa Phat’s plan to buy coking coal mine. However, he also noted, buying coal mines to produce coke is very difficult, the production process of coke costs a lot of money. Therefore, it is often easier for a business to cooperate with a partner in Australia than to be completely self-sufficient. “Of course, businesses choose depending on specific conditions to produce coke. To produce coke, it is necessary to use fat coal, not coal. The carbon content in it is high and contains a certain amount of oil. When heated, , the amount of oil evaporates, leaving pores. These pores will make the air flow, not clogged and it will provide fuel continuously. If the business can buy ore mines, and at the same time associate with partners in Australia to produce coke, it is very good. This depends on the operating ability of the business, if you want to produce cups, you must have good experts, and ore is simple – just dig, treat and bring back. If the direction of the business is to buy coke mines, then transporting coke to Vietnam, coking production in Vietnam is better and also simpler, because the production process of coking coal has many other products. For example, when coking, the gas that rises contains a lot of fuel, in which CO is very high, gives high value of electricity, provides for the process of electricity production, boiler heating…”, Prof. TSKH Pham Analysis Street. He also noted that producing steel from ore has a more complicated process than producing steel from scrap (iron scrap) and is also cheaper. The quality of steel depends on the manufacturing process. Even scrap steel wants to produce good steel, it must be carefully selected and classified. Currently, scrap steel in the world is still small, with many impurities. When buying, manufacturing enterprises must carefully select and classify, which costs a lot of money. Regarding the problem of environmental pollution treatment, Professor Pho said that blast furnaces are more complicated than electric furnaces that use scrap iron and steel. When the blast furnace emits gas, it is necessary to invest in equipment to recover coal dust for reuse. Similarly, the exhaust gas contains a lot of CO, which if left to fly into the environment is very toxic, so it must be recovered to put back to burn in electric furnaces or furnaces. This does not mean that electric furnaces do not have to deal with environmental pollution. The electric furnace itself must also be equipped with equipment to capture waste gas, coal dust and filter. Because technology and equipment to deal with environmental pollution are very expensive, according to Prof. Pho, it is important whether steel factories are willing to invest or not.

Steel prices today April 15, many brands suddenly increased their selling prices.

Steel prices in the North

Today April 15, with Hoa Phat steel brand, the price for CB240 steel coil is at 15,890 VND / kg. D10 CB300 steel is currently priced at 16,080 VND / kg.

Vietnam Italy steel brand name today has not changed, CB240 coil is currently priced at 16,040 VND / kg, while D10 CB300 steel increased 300 VND from 15,690 VND / kg (price April 13) to 15,990 VND. / kg.

With Viet Duc Steel (Viet Duc Steel Joint Stock Company) the current price of 2 products is 16,140 VND / kg (with rolled steel CB240) and 16,020 VND / kg (D10 CB300 steel). From March 13 to the present, the company’s steel price has increased by more than 1,000 dong, the highest price in a month.

Kyoei steel factory price remains stable for the 5th consecutive day, with CB240 coil currently priced at VND 15,690 / kg and rebar D10 CB300 currently at VND 15,790 / kg.

Thai Nguyen Steel Company in the evening of April 14 suddenly adjusted to increase prices, currently with 2 CB240 steel coil products, the price is 16,800 VND / kg; also with D10 CB300 steel at the price of 16,240 VND / kg (both products increased by 300 VND).

US steel shows price stability for 12 consecutive days. Currently, the price of rolled steel CB240 is 15,340 VND / kg, while rebar D10 CB300 is at 15,410 VND / kg.

Thus, today, the price of rolled steel CB240 ranges from 15,340 VND / kg to 16,800 VND / kg; while rebar D10 CB300 steel costs from 15,410 VND / kg to 16,240 VND / kg.

Steel prices in the Central region

Hoa Phat Construction Steel has updated its new selling price, slightly decreasing 2 of its steel products. Specifically, the line CB240 steel coil is priced at 15,790 VND / kg; with D10 CB300 steel is currently priced at 15,840 VND / kg.

Viet Duc Steel Joint Stock Company today continues to stabilize prices for the 5th consecutive day (from April 10 to April 15), currently 2 products of CB240 steel and D10 CB300 steel are priced at VND 15,740 / kg.

Pomina Steel, after a strong price increase, continues to stabilize for many consecutive days, unexpectedly increases the price, currently with rolled steel products CB240 is priced at 16,500 VND / kg (an increase of 410 VND); with D10 CB300 steel at 16,600 dong / kg (up 360 dong).

Thus, the price of steel in the Central region with the price of rolled steel CB240 is fluctuating at VND 15,740 / kg to VND 16,500 / kg; with rebar D10 CB300 steel is maintaining the price from 15,740 VND / kg to 16,600 VND / kg.

Steel prices in the South

With the Hoa Phat brand, in the Southern market, the price of its products continues to be adjusted. With rolled steel CB240 is priced at 15,790 VND / kg; and rebar D10 CB300 rebar is at 15,840 VND / kg.

The Pomina brand has a price increase adjustment. With rolled steel CB240 and D10 CB300 steel, the prices are 16,390 VND / kg and 16,500 VND / kg, respectively.

Southern steel brand increased selling price, exceeding 16,000 VND / kg. With rolled steel products CB240 has a price of 16,190 VND / kg; while with rebar D10 CB300 steel is 16,090 VND / kg.

Tung Ho steel factory has also raised selling prices. With rolled steel CB240 is at 16,190 VND / kg, while rebar D10 CB300 price is 15,940 VND / kg.

It can be seen that, in the Southern market today, apart from the steel giant Hoa Phat adjusting and lowering the price, other brands are raising the price of their steel products.

On the Shanghai Exchange

Steel price today delivered in October 2021 on the Shanghai Exchange increased by 6 yuan to 5,137 yuan / ton at the time of the survey at 9:45 (Vietnam time).

On Tuesday (April 14), iron ore futures prices in China rose for the third consecutive session, closing at the highest level on record in the past five weeks, Reuters reported.