Steel price today October 4 forecasts increased steel demand

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 was at 3,618 yuan/t.

Iron ore prices reacted last week to lower interest rates and easing home-buying conditions from China, with futures for the raw material on the Singapore Exchange closing at $108.24 a tonne on October 1, up 15.4% from the previous session.

Iron ore prices have been on a downward trend since reaching $143.6/t in early January 2024. This is mainly due to falling steel output in China amid weak demand from the real estate sector.

Demand for steel products could also rise beyond real estate, particularly in manufacturing — thanks to policies encouraging sales of new cars and more energy-efficient appliances. Beijing is also encouraging local governments to speed up infrastructure projects.

The incentives announced by China in late September are the most significant this year. However, it is doubtful whether they will lead to a significant improvement in physical demand for the commodity. Even if the country’s domestic steel demand improves from 2025, it is likely to be driven by domestic consumption and reduced exports.

Chinese steelmakers cut steel output by 3.3% year-on-year to 691 million tonnes in January-August 2024, compared with the same period in 2023. In August, domestic steel production fell 6.1% from July to 77.92 million tonnes, due to lower demand and lower profit margins for steelmakers. At the same time, the index fell 10.4% year-on-year.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-4-10-du-bao-nhu-cau-thep-co-the-tang.html