Steel price today November 29: continuing to increase

Benchmark steel prices on the Shanghai Futures Exchange rose.

Steel prices in the North

According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 13,580 VND/kg; D10 CB300 ribbed steel bar is priced at 13,790 VND/kg.

Viet Y Steel brand, CB240 rolled steel line is priced at 13,530 VND/kg; D10 CB300 ribbed steel bar is priced at 13,640 VND/kg.

Viet Duc Steel, with CB240 coil steel line at 13,530 VND/kg, D10 CB300 ribbed steel bar is priced at 13,890 VND/kg.

Viet Sing Steel, with CB240 coil steel priced at 13,500 VND/kg; D10 CB300 ribbed steel bar priced at 13,700 VND/kg.

VAS steel, with CB240 coil steel line at 13,500 VND/kg; D10 CB300 ribbed steel bar is priced at 13,600 VND/kg.

Steel prices in the Central region

Hoa Phat Steel, with CB240 coil steel down to 13,580 VND/kg; D10 CB300 ribbed steel bar priced at 13,790 VND/kg.

Viet Duc Steel, currently CB240 coil steel is at 13,990 VND/kg; D10 CB300 ribbed steel is priced at 14,190 VND/kg.

VAS Steel currently sells CB240 coil steel at 13,650 VND/kg; D10 CB300 ribbed steel bar is priced at 13,700 VND/kg.

Pomina steel, with CB240 coil steel line at 14,180 VND/kg; D10 CB300 ribbed steel bar is priced at 14,180 VND/kg.

Steel prices in the South

Hoa Phat Steel, CB240 rolled steel at 13,580 VND/kg; D10 CB300 ribbed steel reduced to 13,790 VND/kg.

VAS steel, CB240 coil steel line is at 13,500 VND/kg; D10 CB300 ribbed steel bar is priced at 13,600 VND/kg.

Pomina steel, CB240 coil steel line is at 13,970 VND/kg; D10 CB300 ribbed steel bar is priced at 13,970 VND/kg.

Steel prices on the exchange

Rebar on the Shanghai Futures Exchange (SHFE) for June 2025 delivery rose 3 yuan to 3,371 yuan/t.

Iron ore futures traded in a narrow range as traders weighed a stronger outlook for China's steel market against weaker economic data from the world's top consumer.

The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 settled at 786.5 yuan ($108.54) a tonne, snapping a three-day winning streak.

Benchmark December iron ore SZZFZ4 on the Singapore Exchange fell 0.34% to $103.45 a tonne.

However, benchmark steel prices on the Shanghai Futures Exchange rose. Rebar SRBcv1 and wire rod SWRcv1 rose about 0.4%, hot-rolled coil SHHCcv1 rose 0.26%, and stainless steel SHSScv1 rose nearly 0.7%.

“The steel sector has shown signs of improvement in recent months. Strong exports and falling inventories have provided support, while steel output continued to rise through November,” ANZ analysts said in a note.

Total losses in China's steel industry fell to 23 billion yuan in January-October from 34 billion yuan in the first nine months of the year, ANZ said.

Improved steel mill profits contributed to the improvement, with the market focused on China's Politburo meeting scheduled for early December and the Central Economic Work Conference in mid-December, said Westpac analysts.

China is both the world’s top consumer and producer of metals. But its industrial profits extended their decline in October, falling 10% from a year earlier, weighed down by deflationary pressures and weak demand in a weakening economy.

New headwinds from higher US tariffs could also threaten China's industrial sector next year, reducing export earnings.

Other steelmaking components on the DCE continued to decline, with coking coal DJMcv1 and coking coal DCJcv1 down 0.84% ​​and 1.79%, respectively.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-29-11-tiep-da-tang.html