Steel prices in the North
According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 13,580 VND/kg; D10 CB300 ribbed steel bar is priced at 13,790 VND/kg.
Viet Y Steel brand, CB240 rolled steel line is priced at 13,530 VND/kg; D10 CB300 ribbed steel bar is priced at 13,640 VND/kg.
Viet Duc Steel, with CB240 coil steel line at 13,530 VND/kg, D10 CB300 ribbed steel bar is priced at 13,890 VND/kg.
Viet Sing Steel, with CB240 coil steel priced at 13,500 VND/kg; D10 CB300 ribbed steel bar priced at 13,700 VND/kg.
VAS steel, with CB240 coil steel line at 13,500 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 13,580 VND/kg; D10 CB300 ribbed steel bar priced at 13,790 VND/kg.
Viet Duc Steel, currently CB240 coil steel is at 13,990 VND/kg; D10 CB300 ribbed steel is priced at 14,190 VND/kg.
VAS Steel currently sells CB240 coil steel at 13,650 VND/kg; D10 CB300 ribbed steel bar is priced at 13,700 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 13,580 VND/kg; D10 CB300 ribbed steel reduced to 13,790 VND/kg.
VAS steel, CB240 coil steel line is at 13,500 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 May 2025 delivery rose 28 yuan to 3,418 yuan/t.
Dalian iron ore futures fell, weighed down by data showing China’s economy and steel market continued to weaken, although news of new measures from the top consumer’s central bank limited losses.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) was down 1.55% at 760.5 yuan ($106.95) a tonne, down 3.12% from a week ago.
Benchmark iron ore for November delivery on the Singapore Exchange rose 1.79% to $101.40 a tonne, having fallen 6.2% this week.
China's economy grew at its slowest pace since early 2023 in the third quarter and although consumption and factory output figures beat forecasts last month, a slumping property sector remains a major challenge for Beijing as it races to revive growth.
“The market remains unimpressed with the focus on clearing housing inventories, and the increased reliance on stimulus to support prices could lead to continued frustration for investors,” ANZ analysts said.
China's dominance as the world's largest steel producer, with output stabilizing at around 1 billion tonnes, means Chinese demand for iron ore remains the main driver of prices, said Donald Marleau, an analyst at S&P Global Ratings.
“Therefore, in the near term, we believe that China’s stimulus measures are likely to support prices in 2024 and into 2025 in a manner consistent with current futures prices. We also believe that downside risks to iron ore prices are likely to persist into 2026 and 2027,” said Donald Marleau.
Marleau said China's real estate market currently consumes about 250 million tons of steel — a little more than 25% of total output, and about 100 million tons less than when the real estate market peaked before the pandemic.
“If measures to absorb vacancies and boost consumer confidence – thereby boosting the property market and stabilising demand in the housing construction sector – prove weak, demand for steel from property construction and therefore iron ore could continue to weaken,” he noted.
Source: https://kinhtedothi.vn/gia-thep-hom-nay-21-10-thi-truong-quang-sat-giam.html
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