Turned down sharply due to weak demand

Iron ore futures fall to near three-week low.

Steel prices in the North

According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 13,840 VND/kg; D10 CB300 ribbed steel bar is priced at 14,240 VND/kg.

Viet Y Steel brand, CB240 rolled steel line is priced at 13,940 VND/kg; D10 CB300 ribbed steel bar is priced at 14,140 VND/kg.

Viet Duc Steel, with CB240 coil steel line stopping at 13,840 VND/kg, D10 CB300 ribbed steel bar priced at 14,290 VND/kg.

Viet Sing Steel, with CB240 coil steel priced at 13,700 VND/kg; D10 CB300 ribbed steel bar priced at 14,010 VND/kg.

VAS steel, with CB240 coil steel line at 13,800 VND/kg; D10 CB300 ribbed steel bar is priced at 13,910 VND/kg.

Steel prices in the Central region

Hoa Phat Steel, with CB240 coil steel down to 13,890 VND/kg; D10 CB300 ribbed steel bar priced at 14,240 VND/kg.

Viet Duc Steel, currently CB240 coil steel is at 14,240 VND/kg; D10 CB300 ribbed steel is priced at 14,700 VND/kg.

VAS Steel currently sells CB240 coil steel at 14,110 VND/kg; D10 CB300 ribbed steel is priced at 14,160 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 13,840 VND/kg; D10 CB300 ribbed steel is priced at 14,240 VND/kg.

VAS steel, CB240 coil steel line is at 13,800 VND/kg; D10 CB300 ribbed steel bar is priced at 13,910 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

Rebar on the Shanghai Futures Exchange (SHFE) for July 2025 delivery fell 25 yuan to 3,673 yuan/t.

Iron ore futures fell to a near three-week low, hit by weak seasonal demand from top consumer China and rising global supplies.

The most-traded iron ore contract for September delivery on China’s Dalian Commodity Exchange (DCE) was down nearly 2.7% at 805 yuan ($110.78) a tonne, its lowest since June 26.

Benchmark iron ore for August delivery on the Singapore Exchange fell 2.34% to $104.85 a tonne. It hit an intraday low of $104.30 a tonne, its lowest since June 28.

Iron ore futures prices fell amid concerns about weak demand in China while supply increased, ANZ analysts said.

Official data showed that real estate investment in China fell 10.1% in the first half of 2024 from a year earlier, and home sales by floor area fell 19%.

Powerful typhoons that hit southern China this summer are now shifting toward central and northern provinces.

Steel mills are keeping iron ore inventories low amid low purchasing power, China's Steelhome consultancy said.

China's crude iron ore output in June rose 9.9 percent year-on-year to 96.62 million tonnes, data from the country's National Bureau of Statistics showed.

BHP Group, the world's largest listed mining company, has reported record annual iron ore production for the second consecutive year, helped by improved weather conditions and higher contributions from its South Flank operations in Western Australia.

Brazilian miner Vale SA expressed confidence it will hit the top end of its 2024 guidance for iron ore production after output rose in the second quarter.

The company said output of steelmaking raw materials in the June quarter rose 2.4% from a year earlier to 80.6 million tonnes.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-18-7-quay-dau-giam-sau-do-nhu-cau-yeu.html