Steel prices in the North
According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 13,640 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 stopping at 13,580 VND/kg, D10 CB300 ribbed steel bar priced at 13,890 VND/kg.
Viet Sing Steel, with CB240 coil steel priced at 13,700 VND/kg; D10 CB300 ribbed steel bar priced at 14,010 VND/kg.
VAS steel, with CB240 coil steel line at 13,600 VND/kg; D10 CB300 ribbed steel bar is priced at 13,750 VND/kg.
Steel prices in the Central region
Hoa Phat Steel, with CB240 coil steel down to 13,640 VND/kg; D10 CB300 ribbed steel bar priced at 13,840 VND/kg.
Viet Duc Steel, currently CB240 coil steel is at 13,990 VND/kg; D10 CB300 ribbed steel is priced at 14,290 VND/kg.
VAS Steel currently sells CB240 coil steel at 14,010 VND/kg; D10 CB300 ribbed steel bar is priced at 13,960 VND/kg.
Pomina steel, with CB240 coil steel line at 14,280 VND/kg; D10 CB300 ribbed steel bar is priced at 14,480 VND/kg.
Steel prices in the South
Hoa Phat Steel, CB240 rolled steel is at 13,640 VND/kg; D10 CB300 ribbed steel is priced at 13,840 VND/kg.
VAS steel, CB240 coil steel line is at 13,600 VND/kg; D10 CB300 ribbed steel bar is priced at 13,700 VND/kg.
Pomina steel, CB240 coil steel line is at 14,080 VND/kg; D10 CB300 ribbed steel bar is priced at 14,380 VND/kg.
Steel prices on the exchange
Rebar on the Shanghai Futures Exchange (SHFE) for May 2025 delivery rose 1 yuan to 3,344 yuan/t.
Iron ore futures rose on Tuesday, boosted by fresh hopes of improved demand in top consumer China in coming weeks, but caution over high inventories and concerns about the extent of recovery in downstream steel demand capped gains.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) rose 0.99 percent to 763.5 yuan ($107.21) a tonne. The benchmark September iron ore on the Singapore Exchange rose 1.34 percent to $102.15 a tonne.
"We expect hot metal output to recover next week although it will continue to decline this week," said Xie Qingwei, an analyst at consultancy Shanghai Metals Market (SMM).
Hot metal output, a product of blast furnaces, is often used to gauge iron ore demand.
Analysts at BMI have revised down their 2024 iron ore price forecast from an annual average of $120/tonne to $110/tonne, as weak demand in China continues to weigh on the iron ore market.
Other steelmaking components on the DCE rose, with coking coal and coke up 0.72% and 0.43%, respectively.
Steel benchmarks on the Shanghai Futures Exchange were mixed. Rebar rose 0.4%, hot-rolled coil edged up 0.15%, rebar fell 1.32% and stainless steel was almost unchanged.
Some steelmakers have started equipment maintenance or cut production amid industry-wide losses, contributing to some inventory reduction and a recovery in steel prices, said Jiang Wei, secretary general of the state-backed China Iron and Steel Association (CISA).
“But the recovery is still quite fragile…. steel mills should continue to implement production control to reduce inventories, adjust the fundamentals of supply and demand, stabilize the market and avoid fierce competition,” Jiang added.
Source: https://kinhtedothi.vn/gia-thep-hom-nay-30-8-tang-nhe-tren-san-giao-dich.html
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