Steel prices in the North
According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 13,690 VND/kg; D10 CB300 ribbed steel bar is priced at 13,840 VND/kg.
Viet Y steel brand, CB240 rolled steel line is priced at 13,640 VND/kg; D10 CB300 ribbed steel bar is priced at 13,740 VND/kg.
Viet Duc Steel, with CB240 coil steel line at 13,640 VND/kg, D10 CB300 ribbed steel bar is priced at 13,840 VND/kg.
Viet Sing Steel, with CB240 coil steel priced at 13,600 VND/kg; D10 CB300 ribbed steel bar priced at 13,800 VND/kg.
VAS steel, with CB240 coil steel line at 13,600 VND/kg; D10 CB300 ribbed steel bar is priced at 13,700 VND/kg.
Steel prices in the Central region
Hoa Phat Steel, with CB240 coil steel line at 13,690 VND/kg; D10 CB300 ribbed steel bar is priced at 13,840 VND/kg.
Viet Duc Steel, currently CB240 coil steel is at 13,940 VND/kg; D10 CB300 ribbed steel is priced at 14,340 VND/kg.
VAS Steel currently sells CB240 coil steel at 13,910 VND/kg; D10 CB300 ribbed steel bar is priced at 13,960 VND/kg.
Steel prices in the South
Hoa Phat Steel, CB240 rolled steel is at 13,690 VND/kg; D10 CB300 ribbed steel is priced at 13,840 VND/kg.
VAS steel, CB240 coil steel line is at 13,700 VND/kg; D10 CB300 ribbed steel bar is priced at 13,800 VND/kg.
Steel prices on the exchange
Rebar on the Shanghai Futures Exchange (SHFE) for May 2025 delivery rose 29 yuan to 3,382 yuan/t.
Dalian iron ore futures rose and are set to rise this month, supported by recovering demand in top consumer China, while recent comments by US President Donald Trump have eased concerns about an escalation in US-China trade tensions.
The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) was up 1.06% at 810.5 yuan ($111.54) a tonne. The contract has gained 4.31% so far this month.
China's financial markets will be closed from January 28 to February 4 for a holiday. Trading will resume on Wednesday, February 5.
Benchmark February iron ore on the Singapore Exchange rose 0.16% to $105.1 a tonne.
"China's iron ore prices edged up slightly... mainly due to continued recovery in ore demand from blast furnace steelmakers. The support that prices enjoyed was from the bright outlook for production recovery at steelmakers after the holidays," Chinese consultancy Mysteel said in a note.
In January, the average daily crude steel output of major steel enterprises rose 0.3 percent on-month, Chinese consultancy Lange Steel said, citing statistics from the China Iron and Steel Association.
Trump described his call with Chinese President Xi Jinping on Thursday as “friendly” and said he did not want to use tariffs on China, although he acknowledged tariffs were “tremendous power.”
However, weak industrial data in the world's second-largest economy despite a slew of stimulus measures limited gains in prices of the key steelmaking ingredient.
China’s manufacturing activity unexpectedly contracted in January, the weakest since August. Sentiment was also weighed down by lingering concerns over US tariffs, sending Chinese stocks trading sideways.
Other steelmaking components on the DCE rose, with coking coal up 0.8% and 2.23% respectively.
Source: https://kinhtedothi.vn/gia-thep-hom-nay-28-1-tro-lai-da-tang.html
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