slight decrease on the exchange

Steel futures prices 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 13,940 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, with CB240 coil steel line at 14,040 VND/kg, D10 CB300 ribbed steel bar is priced 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 October 2024 delivery fell 2 yuan to 3,535 yuan/ton.

Iron ore futures were mixed but on track for a weekly gain on a boost from the latest property stimulus package and steady demand for the key steelmaking raw material in top consumer China, although persistently high inventories capped gains.

The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 was unchanged at 823.5 yuan ($113.31) a tonne, up 0.3% this week.

Benchmark iron ore for August delivery, SZZFQ4, on the Singapore Exchange was up 0.86% at $106.15 a tonne, up 1% from a week earlier.

China's capital Beijing has joined three other top cities in reducing home buying costs by cutting mortgage rates and minimum down payments.

“These latest measures could spur a surge in residential property transactions and help ease the worst of the housing oversupply at a time when domestic inventory is being released,” ANZ analysts said.

Data from consultancy Mysteel showed that the average daily hot metal output of surveyed steelmakers hovered at a relatively high level of around 2.39 million tonnes as of June 27, despite a weekly decline of 0.2%.

However, persistently high port inventories, up 0.3% to 149.26 million tonnes, limited the room for price increases.

Other steelmaking raw materials at DCE warehouses, with coking coal DJMcv1 and coking coal DCJcv1 down 0.1% and 0.55% respectively.

Steel futures prices on the Shanghai Futures Exchange fell. Rebar SRBcv1 fell 0.2%, hot-rolled coil SHHCcv1 fell 0.1%, rebar SWRcv1 fell 0.6%, and stainless steel SHSScv1 was unchanged.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-ngay-29-6-giam-nhe-tren-san-giao-dich.html