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 rose 26 yuan to 3,317 yuan/t.
Iron ore futures rose to a one-week high as property support measures in top consumer China raised hopes of improved demand in coming months.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 rose 4.58 percent to 742 yuan ($104.01) a tonne, its highest since Aug. 13.
Benchmark September iron ore SZZFU4 on the Singapore Exchange rose 3.66% to $99 a tonne, its highest since Aug. 14.
“At least 10 city governments in China have loosened or scrapped new home price guidelines to allow market demand to play a greater role. Beijing is also said to be considering a new funding option for local governments to buy unsold homes,” ANZ analysts said in a note.
Chinese real estate company Kaisa Group 1638.HK on Tuesday announced an offshore debt restructuring deal with a group of key bondholders.
Signs of stabilizing rebar due to improved fundamentals also boosted sentiment in the ore market, analysts at Everbright Futures said in a note.
However, the cost competitiveness of steel scrap compared to iron ore could limit demand for ore, limiting price gains, analysts said.
Other steelmaking components on the DCE rose, with coking coal DJMcv1 and coke DCJcv1 up 3.43% and 3.47% respectively.
Steel benchmarks on the Shanghai Futures Exchange continued to rise. Rebar SRBcv1 rose 2.5%, hot-rolled coil SHHCcv1 rose 3.79%, rebar SWRcv1 rose 1.76%, and stainless steel SHHScv1 rose 0.88%.
“The recent surge in rebar prices is mainly due to expectations of improved demand in September and October, coupled with low production and inventories. In addition, expectations of insufficient delivery after the failure of old standard rebar to register standard warrants also played a role in pushing prices higher,” analysts at Jinrui Futures said in a note.
The Shanghai Stock Exchange said last month that rebar and wire rod produced under the old standard cannot be used to register standard warrants from August 19.
Source: https://kinhtedothi.vn/steel-price-hom-nay-22-8-san-giao-dich-tuong-lai-thuong-hai-tiep-tuc-tang.html
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