Steel price today November 12 slightly decreased

Steel benchmarks on the Shanghai Futures Exchange fell.

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 14 yuan to 3,413 yuan/t.

Dalian iron ore futures fell to their lowest in more than two weeks as China’s latest stimulus package left investors across markets unimpressed, while weaker economic data and firmer supplies in the top consumer added to pressure on prices.

The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 fell 3% to 761.0 yuan ($105.95) a tonne.

The contract had earlier fallen as much as 3.5% to 756.0 yuan, its weakest since Oct. 25.

Benchmark December iron ore SZZFZ4 on the Singapore Exchange fell 1.67 percent to $100.85 a tonne.

China has unveiled a 10 trillion yuan ($1.40 trillion) debt package to ease local government finances and stabilise sluggish economic growth, as the country faces fresh pressure from Donald Trump's re-election as US president.

The package disappointed investors who had hoped China would announce additional fiscal buffers to prevent another round of trade tensions and barriers between China and the United States.

"The debt swap will not translate directly into growth. Markets will now turn their attention to the Politburo meeting and the Central Economic Work Conference in December, where we expect more pro-consumption countercyclical measures to be announced," ANZ analysts said.

The lack of direct fiscal stimulus means policymakers have left room to assess the impact of the next US administration’s policies, ANZ added.

Highlighting China's slowing economy, data on Saturday showed consumer prices rose at their slowest pace in four months in October while producer price deflation deepened.

Meanwhile, China's iron ore imports continued to surprise with volumes remaining above 100 million tonnes last week, ANZ analysts said.

Other steelmaking components on the DCE fell sharply, with coking coal DJMcv1 and coking coal DCJcv1 down 3.32% and 4.56% respectively.

Steel benchmarks on the Shanghai Futures Exchange fell. Rebar SRBcv1 fell nearly 2.3%, hot-rolled coil SHHCcv1 and stainless steel SHSScv1 fell about 1.94%, and wire rod SWRcv1 fell nearly 3%.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-12-11-giam-nhe.html