Steel prices in the North
According to SteelOnline.vn, the Hoa Phat steel brand, with CB240 rolled steel line at 13,480 VND/kg; D10 CB300 ribbed steel bar increased by 250 VND, currently priced at 13,580 VND/kg.
Viet Y Steel brand, CB240 rolled steel line is at 13,430 VND/kg; D10 CB300 ribbed steel bar decreased by 200 VND to 13,400 VND/kg.
Viet Duc Steel, with CB240 coil steel line stopping at 13,430 VND/kg, D10 CB300 ribbed steel bar decreased by 100 VND, 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 down 160 VND, 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 decreased by 160 VND, priced at 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 13 yuan to 3,199 yuan/t.
Goldman Sachs has lowered its iron ore price forecast for the fourth quarter of 2024 to $85 a tonne, citing oversupply despite steady demand from top consumer China.
Dalian iron ore futures rose last week as prospects of China’s stimulus measures and recovering steel demand lifted market sentiment amid the country’s sluggish economic recovery.
“We note potential price support from inventory replenishment ahead of Golden Week in the next two weeks, but the continued build in total iron ore stocks is setting the scene for another price pullback in October,” analysts at the bank said in a note, referring to China’s annual week-long holiday next month.
Iron ore drives China’s industrial sector, particularly steel production. Goldman continues to maintain that the potential for lower exports is the main risk to China’s steel production next year.
This could lead to further weakness in Chinese iron ore demand “as we see no room for domestic demand to provide support”.
Despite lower exports from India, the world’s fourth-largest producer of the steelmaking ingredient, there remains a glut of iron ore due to weak demand, the bank said, adding that balancing the market would require lower-cost producers to also cut output. But for that to happen, iron ore prices would need to fall further.
Source: https://kinhtedothi.vn/gia-thep-hom-nay-17-9-thep-thanh-van-trong-nuoc-dieu-chinh-gia-ban.html
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