Steel prices in the North
According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 13,640 VND/kg; D10 CB300 ribbed steel bar is priced at 13,840 VND/kg.
Viet Y steel brand, CB240 rolled steel line is priced at 13,640 VND/kg; D10 CB300 ribbed steel bar is priced at 13,740 VND/kg.
Viet Duc Steel, with CB240 coil steel line stopping at 13,580 VND/kg, D10 CB300 ribbed steel bar priced at 13,890 VND/kg.
Viet Sing Steel, with CB240 coil steel priced at 13,700 VND/kg; D10 CB300 ribbed steel bar priced at 14,010 VND/kg.
VAS steel, with CB240 coil steel line at 13,600 VND/kg; D10 CB300 ribbed steel bar is priced at 13,750 VND/kg.
Steel prices in the Central region
Hoa Phat Steel, with CB240 coil steel down to 13,640 VND/kg; D10 CB300 ribbed steel bar priced at 13,840 VND/kg.
Viet Duc Steel, currently CB240 coil steel is at 13,990 VND/kg; D10 CB300 ribbed steel is priced at 14,290 VND/kg.
VAS Steel currently sells CB240 coil steel at 14,010 VND/kg; D10 CB300 ribbed steel is priced at 13,960 VND/kg.
Pomina steel, with CB240 coil steel line at 14,280 VND/kg; D10 CB300 ribbed steel bar is priced at 14,480 VND/kg.
Steel prices in the South
Hoa Phat Steel, CB240 rolled steel is at 13,640 VND/kg; D10 CB300 ribbed steel is priced at 13,840 VND/kg.
VAS steel, CB240 coil steel line is at 13,600 VND/kg; D10 CB300 ribbed steel bar is priced at 13,700 VND/kg.
Pomina steel, CB240 coil steel line is at 14,080 VND/kg; D10 CB300 ribbed steel bar is priced at 14,380 VND/kg.
Steel prices on the exchange
Rebar on the Shanghai Futures Exchange (SHFE) for May 2025 delivery rose 43 yuan to 3,348 yuan/t.
Iron ore futures rebounded and hit their highest in nearly two weeks, supported by a weaker dollar and prospects of increased steel demand during the upcoming peak construction season in top consumer China.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 rose 3.45 percent to 750.5 yuan ($105.40) a tonne, hitting its highest since Aug. 13.
Benchmark September iron ore SZZFU4 on the Singapore Exchange rose 4.4% to $100.3 a tonne, also the highest since Aug. 13.
The dollar hovered near an eight-month low, after dovish comments from US Federal Reserve Chairman Jerome Powell on Friday reinforced expectations of a September interest rate cut.
A weaker dollar makes commodities cheaper for buyers using other currencies.
“The prospect of monetary policy easing has boosted sentiment across the commodity complex,” ANZ analysts said in a note.
A slight improvement in fundamentals also supported prices of key steelmaking components, although more equipment maintenance by Chinese steelmakers following widening losses remained a headwind, analysts said.
Supply-side pressure has eased slightly with lower domestic output amid falling ore prices, while expectations of improved downstream steel demand next month have increased, analysts at Sinosteel Futures said in a note.
Sentiment was also boosted by news that China's central bank will stick to its accommodative monetary policy.
Other steelmaking components on the DCE posted gains, with coking coal DJMcv1 and coke DCJcv1 up 2.52% and 3.41%, respectively.
Steel benchmarks on the Shanghai Futures Exchange rose. Rebar SRBcv1 rose 2.64%, hot-rolled coil SHHCcv1 rose 2.72%, rebar SWRcv1 rose 1.42%, and stainless steel SHHScv1 rose 0.8%.
China began halting its steel capacity replacement program from August 23 while it revises measures, in a move expected to curb capacity expansion.
Source: https://kinhtedothi.vn/gia-thep-hom-nay-27-8-tiep-da-tang-manh-tren-san-giao-dich.html
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