Steel prices in the North
According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 13,480 VND/kg; D10 CB300 ribbed steel bar is priced at 13,580 VND/kg.
Viet Y Steel brand, CB240 rolled steel line is priced at 13,430 VND/kg; D10 CB300 ribbed steel bar is priced at 13,400 VND/kg.
Viet Duc Steel, with CB240 coil steel line at 13,430 VND/kg, D10 CB300 ribbed steel bar is priced at 13,690 VND/kg.
Viet Sing Steel, with CB240 coil steel priced at 13,300 VND/kg; D10 CB300 ribbed steel bar priced at 13,600 VND/kg.
VAS steel, with CB240 coil steel line at 13,350 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 13,480 VND/kg; D10 CB300 ribbed steel bar priced at 13,580 VND/kg.
Viet Duc Steel, currently CB240 coil steel is at 13,740 VND/kg; D10 CB300 ribbed steel is priced at 13,990 VND/kg.
VAS Steel currently has CB240 coil steel at 13,650 VND/kg; D10 CB300 ribbed steel bar is priced at 13,450 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 13,640 VND/kg; D10 CB300 ribbed steel reduced to 13,580 VND/kg.
VAS steel, CB240 coil steel line is at 13,350 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 May 2025 delivery fell 71 yuan to 3,128 yuan/t.
Iron ore futures rose as the prospect of fresh monetary stimulus from China boosted trading sentiment, but were headed for a weekly loss as the top consumer’s sluggish economic recovery and stronger global supplies overshadowed the commodity’s broader market outlook.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) was up 1.47% at 689.0 yuan ($97.82) a tonne. The benchmark October iron ore on the Singapore Exchange was up 0.09% at $92.75 a tonne.
China unexpectedly kept its benchmark lending rate unchanged at its monthly fixed rate on Friday, upsetting market expectations that had been bracing for a move after the Federal Reserve delivered an over-the-top rate cut earlier this week.
However, market watchers believe Chinese policymakers will roll out more stimulus to support the weakening economy and help the country meet its increasingly challenging 2024 growth target, following a series of unexpectedly weak economic data in August.
The rebound in iron ore on September 19 was linked to the Fed's rate cut and expectations of a rate cut from Beijing, but broader macroeconomic sentiment at home and abroad means iron ore should still be viewed as bearish.
Hexun Futures said there was still little room for significant gains as supply growth was outpacing demand growth, following a recent recovery in overseas supplies. Meanwhile, Chinese consultancy Mysteel said in a note that iron ore imports at 45 major Chinese ports fell 0.5% from Sept. 13 to 19, adding that sales of the commodity picked up on Sept. 19.
Source: https://kinhtedothi.vn/gia-thep-hom-nay-23-9-quang-sat-tang-tren-san-giao-dich.html
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