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 May 2025 delivery rose 2 yuan to 3,508 yuan/t.
Iron ore futures rose for a second straight session, supported by growing optimism about stimulus measures from top consumer China, although fundamentals for the key steelmaking component remained weak.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 rose 2.59% to 791.5 yuan ($111.41) a tonne, its highest since Oct. 30.
Benchmark iron ore for December delivery on the Singapore Exchange rose 1.09% to $105.05 a tonne, its highest since Oct. 17.
“Expectations are rising that this week’s meeting of the Standing Committee of China’s National People’s Congress will provide fresh details on fiscal stimulus measures,” ANZ analysts said.
China is considering approving a new bond issuance worth more than 10 trillion yuan to tackle hidden local government debt, finance the acquisition of idle land and reduce a huge inventory of unsold apartments.
China's services activity expanded at the fastest pace in three months in October, following a surprise expansion in manufacturing activity, further boosting sentiment.
Other steelmaking components on the DCE rose, with coking coal DJMcv1 and coke DCJcv1 up 2.17% and 2.27% respectively.
Most steel benchmarks on the Shanghai Futures Exchange rose. Rebar SRBcv1 rose 1.56%, hot-rolled coil SHHCcv1 rose 1.6%, wire rod SWRcv1 rose 0.49%, while stainless steel SHHScv1 was unchanged.
However, analysts at Galaxy Futures are not too optimistic about the expected fiscal policy's benefits on steel demand, saying that even if the policy is introduced, it is expected to be used mainly for debt relief, bank capital replenishment and consumption.
Source: https://kinhtedothi.vn/gia-thep-hom-nay-6-11-tang-nhe.html
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