Steel prices in the North
According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 13,640 VND/kg; D10 CB300 ribbed steel bar is priced at 13,840 VND/kg.
Viet Y steel brand, CB240 rolled steel line is priced at 13,640 VND/kg; D10 CB300 ribbed steel bar is priced at 13,740 VND/kg.
Viet Duc Steel, with CB240 coil steel line stopping at 13,580 VND/kg, D10 CB300 ribbed steel bar priced at 13,890 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 13,600 VND/kg; D10 CB300 ribbed steel bar is priced at 13,750 VND/kg.
Steel prices in the Central region
Hoa Phat Steel, with CB240 coil steel down to 13,640 VND/kg; D10 CB300 ribbed steel bar priced at 13,840 VND/kg.
Viet Duc Steel, currently CB240 coil steel is at 13,990 VND/kg; D10 CB300 ribbed steel is priced at 14,290 VND/kg.
VAS Steel currently sells CB240 coil steel at 14,010 VND/kg; D10 CB300 ribbed steel bar is priced at 13,960 VND/kg.
Pomina steel, with CB240 coil steel line at 14,280 VND/kg; D10 CB300 ribbed steel bar is priced at 14,480 VND/kg.
Steel prices in the South
Hoa Phat Steel, CB240 rolled steel is at 13,640 VND/kg; D10 CB300 ribbed steel is priced at 13,840 VND/kg.
VAS steel, CB240 coil steel line is at 13,600 VND/kg; D10 CB300 ribbed steel bar is priced at 13,700 VND/kg.
Pomina steel, CB240 coil steel line is at 14,080 VND/kg; D10 CB300 ribbed steel bar is priced at 14,380 VND/kg.
Steel prices on the exchange
Rebar on the Shanghai Futures Exchange (SHFE) for May 2025 delivery fell 12 yuan to 3,338 yuan/t.
Iron ore futures fell, pressured by persistently weak near-term demand and rising inventories in top producer China, but were on track for a second straight weekly gain.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 fell 0.53 percent to 754 yuan ($106.33) a tonne.
Benchmark October iron ore SZZFV4 on the Singapore Exchange fell 1.03% to $101.15 a tonne, staying well above the key psychological level of $100 for five consecutive sessions.
“Risks remain tilted to the downside in the short term; China’s steel exports could come under threat as tensions with trading partners intensify,” ANZ analysts said in a note, forecasting prices at $90-$100/t for the remainder of 2024.
Nippon Steel and other Japanese steelmakers are urging Tokyo to consider curbing cheap imports from China.
However, both benchmarks for the main steelmaking component posted a second weekly gain, rising 4-5% respectively.
"Several factors have come together to contribute to this price recovery wave, including stronger expectations for a Fed (US Federal Reserve) rate cut, better demand as the peak construction season approaches and the suspension of steel capacity replacement," said Cao Ying, an analyst at SDIC Essence Futures.
Average daily hot metal output at surveyed steelmakers fell for a sixth straight week, down 1.6% to about 2.21 million tonnes as of Aug. 30, the lowest since mid-March, according to data from consultancy Mysteel.
"Steel margins have improved somewhat and hot metal output has slowed the decline. But we believe the recovery will be limited given the still oversupplied market," Cao added.
Other steelmaking components on the DCE were mixed, with coking coal DJMcv1 down 1.51% and coking coal DCJcv1 little changed.
Most steel benchmarks on the Shanghai Futures Exchange were flat. Rebar SRBcv1 fell 1.2 percent, hot-rolled coil SHHCcv1 fell 0.27 percent, while rebar SWRcv1 rose 2.56 percent and stainless steel SHSScv1 rose 0.11 percent.
Source: https://kinhtedothi.vn/gia-thep-hom-nay-31-8-quay-dau-giam-tren-san-thuong-hai.html
Comment (0)