Steel prices in the North
According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 13,940 VND/kg; D10 CB300 ribbed steel bar is priced at 14,440 VND/kg.
Viet Y Steel brand, CB240 rolled steel line stops at 14,090 VND/kg; D10 CB300 ribbed steel bar is priced at 14,340 VND/kg.
Viet Duc Steel simultaneously reduced the price of two of its products, with CB240 rolled steel at 14,040 VND/kg, and D10 CB300 ribbed steel at 14,540 VND/kg.
Viet Sing Steel, with CB240 coil steel priced at 13,850 VND/kg, D10 CB300 ribbed steel remains at 14,210 VND/kg.
VAS steel, with CB240 coil steel down to 14,160 VND/kg; D10 CB300 ribbed steel bar priced at 14,110 VND/kg.
Steel prices in the Central region
Hoa Phat Steel, with CB240 coil steel line remaining at 13,990 VND/kg; D10 CB300 ribbed steel bar priced at 14,440 VND/kg.
Viet Duc Steel, currently CB240 coil steel is at 14,490 VND/kg; D10 CB300 ribbed steel is priced at 14,900 VND/kg.
VAS steel, currently CB240 coil steel is at 14,210 VND/kg; D10 CB300 ribbed steel is priced at 14,260 VND/kg.
Pomina steel, with CB240 coil steel line at 14,690 VND/kg; D10 CB300 ribbed steel bar is priced at 15,300 VND/kg.
Steel prices in the South
Hoa Phat Steel, CB240 rolled steel is at 13,990 VND/kg; D10 CB300 ribbed steel is priced at 14,440 VND/kg.
VAS steel, CB240 coil steel line is at 14,310 VND/kg; D10 CB300 ribbed steel bar is priced at 14,210 VND/kg.
Pomina steel, CB240 coil steel line is at 14,590 VND/kg; D10 CB300 ribbed steel bar is priced at 14,990 VND/kg.
Steel prices on the exchange
Shanghai Futures Exchange (SHFE) for February 2025 delivery fell 27 yuan to 3,640 yuan/ton.
Iron ore futures were little changed but were headed for a fourth straight weekly decline, amid speculation of crude steel output curbs in top consumer China.
The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 was down 0.06% at 825 yuan ($113.62) a tonne, down 0.2% on the week.
Benchmark July iron ore SZZFN4 on the Singapore Exchange edged up 0.09% to $106.8 a tonne, down 0.6% from a week earlier.
“It was mainly the various market talks about steel production cuts that weighed on iron ore prices this week,” said Pei Hao, an analyst at international brokerage Freight Investor Services. “When the scale of the cuts was lower than expected, prices rebounded and vice versa, so we saw prices swing up and down quickly.”
A heated debate over steel production curbs has erupted after Fujian authorities met with local steelmakers on Monday to discuss details of this year's output curbs.
However, the weekly decline narrowed significantly from the more than 1% drop last week, analysts said, as demand remained steady for now.
Data from consultancy Mysteel showed that average daily hot metal output at surveyed steelmakers rose for a second straight week, up 0.3% on the week to about 2.4 million tonnes as of June 21, the highest since November 2023.
Other steelmaking raw materials on the DCE also fell, with coking coal DJMcv1 and coking coal DCJcv1 down 0.85% and 1.04%, respectively.
Benchmark steel prices on the Shanghai Futures Exchange posted losses. Rebar SRBcv1 fell 0.78%, hot-rolled coil SHHCcv1 fell 0.32%, rebar SWRcv1 fell 0.44%, and stainless steel SHSScv1 fell 0.54%.
Source: https://kinhtedothi.vn/gia-thep-hom-nay-24-6-tiep-tuc-giam-sau-tren-san-giao-dich.html
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