Steel prices in the North
According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 13,480 VND/kg; D10 CB300 ribbed steel bar is priced at 13,580 VND/kg.
Viet Y Steel brand, CB240 rolled steel line is priced at 13,430 VND/kg; D10 CB300 ribbed steel bar is priced at 13,400 VND/kg.
Viet Duc Steel, with CB240 coil steel line at 13,430 VND/kg, D10 CB300 ribbed steel bar is priced at 13,690 VND/kg.
Viet Sing Steel, with CB240 coil steel priced at 13,300 VND/kg; D10 CB300 ribbed steel bar priced at 13,600 VND/kg.
VAS steel, with CB240 coil steel line at 13,350 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 13,480 VND/kg; D10 CB300 ribbed steel bar priced at 13,580 VND/kg.
Viet Duc Steel, currently CB240 coil steel is at 13,740 VND/kg; D10 CB300 ribbed steel is priced at 13,990 VND/kg.
VAS Steel currently has CB240 coil steel at 13,650 VND/kg; D10 CB300 ribbed steel bar is priced at 13,450 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 13,640 VND/kg; D10 CB300 ribbed steel reduced to 13,580 VND/kg.
VAS steel, CB240 coil steel line is at 13,350 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 May 2025 delivery stopped at 3,618 yuan/t.
China's significant stimulus measures have pushed prices of key metals higher, and gains have largely held even amid debate over whether Beijing is really doing enough to boost the world's second-largest economy.
A series of announcements last week, including lower interest rates and easier home buying terms, sent metals prices reacting, especially those with high exposure to China, such as iron ore.
Prices for the key steel raw material have surged on both China’s domestic bourse and in Singapore, the main contract for global investors. China buys about 70% of global seaborne volumes, with Australia and Brazil the main exporters.
The contract on the Dalian Commodity Exchange rose 10.7 percent to 821.5 yuan ($117.14) a tonne, having hit 835 yuan earlier in the session, its highest since July 16.
The contract has not traded since then due to China's extended Golden Week holiday, but futures on the Singapore Exchange ended at $108.24 a tonne, up 15.4% from the previous close, up 18.4% from a recent low of $91.38 on September 23.
What is clear is that the sharp rise in iron ore prices is a sentiment-driven rally, driven largely by Chinese retail investors.
Iron ore prices have been on a downward trend since hitting $143.60 a tonne on January 3, the second trading day of the year, largely due to falling Chinese steel output amid weak demand from the key property sector.
New home prices fell at their fastest pace in more than nine years in August, official data showed on September 14, down 5.3% from a year earlier.
There is also a large amount of unsold property, putting developers under financial pressure and undermining buyer confidence.
The question for the market is whether the latest round of stimulus measures will be enough to significantly change steel demand, or whether they can arrest the current decline without triggering a recovery…
Source: https://kinhtedothi.vn/gia-thep-hom-nay-3-10-thi-truong-binh-on.html
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