Steel prices in the North
According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 13,940 VND/kg; D10 CB300 ribbed steel bar is priced at 14,440 VND/kg.
Viet Y Steel brand, CB240 rolled steel line stops at 14,090 VND/kg; D10 CB300 ribbed steel bar is priced at 14,340 VND/kg.
Viet Duc Steel, with CB240 coil steel line at 14,040 VND/kg, D10 CB300 ribbed steel bar is priced at 14,540 VND/kg.
Viet Sing Steel, with CB240 coil steel priced at 13,850 VND/kg, D10 CB300 ribbed steel remains at 14,210 VND/kg.
VAS steel, with CB240 coil steel down to 14,160 VND/kg; D10 CB300 ribbed steel bar priced at 14,110 VND/kg.
Steel prices in the Central region
Hoa Phat Steel, with CB240 coil steel line remaining at 13,990 VND/kg; D10 CB300 ribbed steel bar priced at 14,440 VND/kg.
Viet Duc Steel, currently CB240 coil steel is at 14,490 VND/kg; D10 CB300 ribbed steel is priced at 14,900 VND/kg.
VAS steel, currently CB240 coil steel is at 14,210 VND/kg; D10 CB300 ribbed steel is priced at 14,260 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 13,990 VND/kg; D10 CB300 ribbed steel is priced at 14,440 VND/kg.
VAS steel, CB240 coil steel line is at 14,310 VND/kg; D10 CB300 ribbed steel bar is priced at 14,210 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
The price of rebar futures on the Shanghai Futures Exchange (SHFE) for delivery in May 2025 increased by 1 yuan to 3,706 yuan/ton.
Iron ore futures rose, supported by better-than-expected factory data in top consumer China and hopes of more stimulus measures in the world’s second-largest economy later this month.
The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) traded 1.2% higher at 829 yuan ($114.06) a tonne.
Benchmark iron ore for August delivery on the Singapore Exchange was up nearly 0.6% at $107.2 a tonne.
The Latin American steel industry is facing a crisis due to unfair trade practices by China that have flooded the market with cheap steel, threatening the jobs and livelihoods of producers in the region.
Henry Zimer, a researcher at the Center for Strategic and International Studies (CSIS), said the downturn in China's real estate and construction markets has led to a drop in domestic steel demand, forcing the country's steelmakers to rely on other markets to fill the gap. And as the US market becomes increasingly unfavorable for Chinese steelmakers, they are now turning their attention to Latin America.
China’s strategy of selling its products below market prices has led to dumping that has had a serious impact on the region. Mexico, Chile and Brazil have significantly increased tariffs on Chinese steel imports to protect domestic companies, and other countries in the region are likely to follow suit.
Previously, the Latin American Steel Association (Alacero) pointed out that steel products from China are “unfairly competing” with the domestic steel industry, causing some companies in the region to freeze or suspend operations, a situation that creates the premise for a process of deindustrialization in the region.
In addition, experts point out that quality and environmental standards in Chinese steel production are not taken into account by Latin American buyers, who mainly focus on reducing prices to the detriment of local industry.
The imposition of tariffs on Chinese steel also highlights the risk of trade tensions between Latin American countries and China, with the possibility of Chinese retaliation.
China produces more steel than the next nine producers combined, giving it a powerful tool to influence prices and local economies, Ziemer said. But the fact that the latest round of safeguards is being imposed by countries like Chile and Mexico could give the U.S. an opportunity to coordinate efforts with Latin American countries to reduce China’s unfair trade practices and protect national industries.
Earlier, the Indian Ministry of Steel and Commerce was engaged in a dialogue on the growth in imports of steel products, especially steel from China, amid repeated calls from steel companies for a hike in duties. China has remained the largest exporter of steel to the country in recent months.
Source: https://kinhtedothi.vn/gia-thep-hom-nay-ngay-3-7-tang-nhe-trong-luc-thi-truong-khung-hoang.html
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