Steel prices today, November 1, fell sharply on the trading floor

Steel benchmarks on the Shanghai Futures Exchange were weaker.

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 fell 59 yuan to 3,443 yuan/t.

Iron ore futures held in a narrow range as upbeat industry data from top consumer China boosted sentiment, but gains were limited as investors awaited signals on further stimulus measures from Beijing next week.

The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 fell 0.38 percent to 781.5 yuan ($109.75) a tonne, after hitting an intraday high of 789.5 yuan a tonne earlier in the session.

Benchmark December iron ore SZZFZ4 on the Singapore Exchange edged up 0.05 percent to $103.75 a tonne, after hitting a high of $104.35 a tonne.

Both benchmarks edged higher early in the session after official data showed China's manufacturing activity expanded for the first time in six months, suggesting Beijing's latest stimulus measures are helping turn the struggling economy around.

However, gains were pared as investors grew more cautious about further stimulus measures next week, when China's top legislature, the National People's Congress (NPC) Standing Committee, meets.

Mixed fundamentals also cloud the outlook as “supply pressure is likely to continue with more shipments, while demand for the key steelmaking ingredient remains firm as steelmakers ramp up production when they can make money,” analysts at Huatai Futures said.

Other steelmaking components on the DCE continued to decline, with coking coal DJMcv1 and coking coal DCJcv1 down 1.38% and 1.29%, respectively.

Steel benchmarks on the Shanghai Futures Exchange were weaker. Rebar SRBcv1 fell 0.35%, hot-rolled coil SHHCcv1 edged down 0.14%, wire rod SWRcv1 fell 1.37% and stainless steel SHHScv1 lost 0.73%.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-1-11-giam-sau-tren-san-giao-dich.html