rebound on optimism about demand

Báo Kinh tế và Đô thịBáo Kinh tế và Đô thị12/03/2025


Steel benchmarks on the Shanghai Futures Exchange were generally weaker.
Steel benchmarks on the Shanghai Futures Exchange were generally weaker.
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 13,580 VND/kg; D10 CB300 ribbed steel bar is priced at 13,690 VND/kg.

Viet Duc Steel, with CB240 coil steel line at 13,430 VND/kg, D10 CB300 ribbed steel bar is priced at 13,740 VND/kg.

Viet Sing Steel, with CB240 coil steel, is priced at VND13,430/kg; D10 CB300 ribbed steel is priced at VND13,640/kg.

VAS steel, with CB240 coil steel line at 13,330 VND/kg; D10 CB300 ribbed steel bar is priced at 13,380 VND/kg.

Steel prices in the Central region

Hoa Phat Steel, with CB240 coil steel line, is at 13,530 VND/kg; D10 CB300 ribbed steel bar is priced at 13,640 VND/kg.

Viet Duc Steel, currently CB240 coil steel is at 13,840 VND/kg; D10 CB300 ribbed steel is priced at 14,140 VND/kg.

VAS steel, CB240 coil steel line is at 13,740 VND/kg; D10 CB300 ribbed steel bar is priced at 13,790 VND/kg.

Steel prices in the South

Hoa Phat Steel, CB240 rolled steel, at 13,690 VND/kg; D10 CB300 ribbed steel is priced at 13,840 VND/kg.

VAS steel, CB240 coil steel line is at 13,380 VND/kg; D10 CB300 ribbed steel bar is priced at 13,480 VND/kg.

Steel prices on the exchange

Rebar on the Shanghai Futures Exchange (SHFE) for November 2025 delivery rose 17 yuan to 3,307 yuan/t.

Singapore iron ore futures rose on expectations of increased demand as steelmakers in the northern region of top consumer China prepare to resume production after the end of the annual parliamentary meeting.

However, gains were capped by concerns about escalating global trade tensions due to US President Donald Trump's latest tariffs.

Benchmark iron ore for April delivery on the Singapore Exchange rose 0.86 percent to $100.75 a tonne, after hitting its lowest since Jan. 14 at $98.85 a tonne earlier in the session.

The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) was little changed at 774.5 yuan ($106.95) a tonne.

“Hot metal output still has room to rise in March as some steelmakers in northern China are likely to ramp up production,” analysts at Chaos Ternary Futures said in a note.

Prices of key steelmaking ingredients fell, dragged down by weak macroeconomic sentiment as hopes of additional stimulus from China faded and concerns about the potential impact of new tariffs from US President Donald Trump clouded the demand outlook.

Other steelmaking components on the DCE fell, with coking coal down 1.67% and 1.28% respectively.

Steel benchmarks on the Shanghai Futures Exchange were broadly weaker. Rebar fell 0.83 percent, hot-rolled coil lost 0.42 percent and wire rod fell 0.96 percent, while stainless steel rose 0.48 percent.



Source: https://kinhtedothi.vn/gia-thep-hom-nay-12-3-tang-tro-lai-do-lac-quan-ve-nhu-cau.html

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