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 June 2025 delivery rose 2,377 yuan to 3,623 yuan/t.
Iron ore prices jumped for a fifth straight session, as China’s latest property stimulus package and a slew of monetary easing brightened the demand outlook for the key steelmaking raw material.
The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) rose 9.5% to 812.5 yuan ($115.83) a tonne, after touching 835 yuan, its highest since July 16.
Benchmark iron ore for November delivery on the Singapore Exchange rose 8.53 percent to $110.85 a tonne after hitting an intraday high of $113, also its highest since July 5.
Both benchmarks posted gains of more than 10% last week.
China’s central bank said it will ask banks to lower mortgage rates on existing home loans by Oct. 31, as part of comprehensive policies to support the country’s struggling property market, the biggest consumer of steel.
Furthermore, three major cities – Guangzhou, Shenzhen and Shanghai – have lifted major home purchase restrictions.
“Efforts to reduce unsold property inventories will significantly shorten the time until new construction activity begins,” ANZ analysts said.
This comes after Beijing announced its biggest stimulus package since the pandemic last Tuesday and cut interest rates last Friday to lift the economy out of deflation and back toward the government's growth target.
Chinese property developers rose, with the mainland's CSI 300 Real Estate Index up about 9%.
Analysts said the continued upside momentum was also driven by persistent expectations of upcoming strong fiscal stimulus measures in the world's second-largest economy.
Source: https://kinhtedothi.vn/gia-thep-hom-nay-1-10-tang-theo-quang-sat-tren-san-giao-dich.html
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