down 7 yuan on the exchange

Benchmark steel prices on the Shanghai Futures Exchange continued to weaken.

Steel prices in the North

According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 13,940 VND/kg; D10 CB300 ribbed steel bar is priced at 14,440 VND/kg.

Viet Y Steel brand, CB240 rolled steel line stops at 14,090 VND/kg; D10 CB300 ribbed steel bar is priced at 14,340 VND/kg.

Viet Duc Steel simultaneously reduced the price of two of its products, with CB240 rolled steel at 14,040 VND/kg, and D10 CB300 ribbed steel at 14,540 VND/kg.

Viet Sing Steel, with CB240 coil steel priced at 13,850 VND/kg, D10 CB300 ribbed steel remains at 14,210 VND/kg.

VAS steel, with CB240 coil steel down to 14,160 VND/kg; D10 CB300 ribbed steel bar priced at 14,110 VND/kg.

Steel prices in the Central region

Hoa Phat Steel, with CB240 coil steel line remaining at 13,990 VND/kg; D10 CB300 ribbed steel bar priced at 14,440 VND/kg.

Viet Duc Steel, currently CB240 coil steel is at 14,490 VND/kg; D10 CB300 ribbed steel is priced at 14,900 VND/kg.

VAS steel, currently CB240 coil steel is at 14,210 VND/kg; D10 CB300 ribbed steel is priced at 14,260 VND/kg.

Pomina steel, with CB240 coil steel line at 14,690 VND/kg; D10 CB300 ribbed steel bar is priced at 15,300 VND/kg.

Steel prices in the South

Hoa Phat Steel, CB240 rolled steel is at 13,990 VND/kg; D10 CB300 ribbed steel is priced at 14,440 VND/kg.

VAS steel, CB240 coil steel line is at 14,310 VND/kg; D10 CB300 ribbed steel bar is priced at 14,210 VND/kg.

Pomina steel, CB240 coil steel line is at 14,590 VND/kg; D10 CB300 ribbed steel bar is priced at 14,990 VND/kg.

Steel prices on the exchange

The price of rebar futures on the Shanghai Futures Exchange (SHFE) for February 2025 delivery fell 7 yuan to 3,617 yuan/ton.

Iron ore futures fell further to their lowest in more than two months, hit by signs of slowing steel consumption in top consumer China and a stronger dollar.

The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) was down 3.11% at 795.5 yuan ($109.55) a tonne, its lowest since April 9.

Benchmark iron ore for July delivery on the Singapore Exchange fell 2.33% to $102.55 a tonne, its lowest since April 8.

Many areas have been hit by high temperatures and heavy rain, leading to suspension of operations at some construction sites, analysts at Everbright Futures said, adding that steel demand remains weak, dragging down iron ore prices.

Iron ore investors have held out hope for further support measures, which could see China's battered property sector as the last "battlefield of hope" for any potential recovery in construction activity, said Atilla Widnell, chief executive of Navigate Commodities.

Unfortunately, all avenues and metrics point to a severe decline in industry activity by 2024, Widnell added. Furthermore, the impending liquidation of domestic property developers and the closing of orders are now creating previously unforeseen headwinds to domestic construction steel consumption.

The rising US dollar has weighed on a broad basket of commodities including iron ore and steel, as a stronger greenback makes dollar-denominated commodities less attractive to holders of other currencies, analysts said.

Other steelmaking raw materials on the DCE continued to decline, with coking coal and coke falling 2.34% and 2.14% respectively.

Benchmark steel prices on the SHFE were weaker. Rebar fell 1.51%, hot-rolled coil fell 1.11%, wire rod fell 2.07% and stainless steel was little changed.

“We don’t think there will be much room for rebar prices to fall further as it is already quite close to production costs based on electricity costs in the valley and there is no major headwind on fundamentals,” said Cheng Peng, an analyst at Sinosteel Futures in Beijing.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-25-6-giam-7-nhan-dan-te-tren-san-giao-dich.html