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 6 yuan to 3,411 yuan/t.
Iron ore futures edged up for a second straight session, as hopes of further financial support for China’s struggling property sector overshadowed weaker credit lending data from top consumer.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 rose 0.52% to 768.0 yuan ($106.33) a tonne.
Benchmark December iron ore SZZFZ4 on the Singapore Exchange rose 0.48% to $101.0 a tonne.
Chinese banks extended 500 billion yuan ($69.5 billion) in new loans last month, down sharply from September and below analysts' expectations, data showed on Monday.
The weak readings followed data showing consumer prices rose at their slowest pace in four months in October and producer price deflation deepened. Sentiment in China remains largely pessimistic after Beijing’s disappointing stimulus package on Friday.
The property market remains China's biggest steel consumer, although its share is shrinking amid a prolonged crisis that has dragged on since 2021. Meanwhile, iron ore port inventories are now at their highest ever for this time of year, ANZ analysts said in a note.
“We expect supply to increase in the second half of the year from major exporters as they overcome weather disruptions and operational issues,” ANZ said in a separate report.
Other steelmaking components on the DCE recovered after falling on Monday, with coking coal DJMcv1 and coke DCJcv1 up 0.66% and 1.17%, respectively.
Most steel benchmarks on the Shanghai Futures Exchange were stronger. Rebar SRBcv1 rose 0.75%, hot-rolled coil SHHCcv1 rose about 0.7%, wire rod SWRcv1 rose nearly 1%, although stainless steel SHHScv1 fell nearly 0.8%.
Source: https://kinhtedothi.vn/gia-thep-hom-nay-14-11-quang-sat-tang-do-hy-vong-kich-thich-tu-trung-quoc.html
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