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 113 yuan to 3,499 yuan/t.
Iron ore futures rose for a fourth straight session and hit a four-week high, heading for a weekly gain of more than 10%, supported by several interest rate cuts in top consumer China and expectations of fresh fiscal stimulus measures.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 rose 4.24% to 753.5 yuan ($107.44) a tonne, its highest since Sept. 2. The contract has gained 12.7% so far this week.
The benchmark October iron ore contract SZZFV4 on the Singapore Exchange rose 4.09% to $102.55 a tonne, its highest since Aug. 30. The contract has gained 14.6% so far this week.
China's central bank announced earlier that it would cut the reserve requirement ratio (RRR) - the amount of cash banks must hold as reserves - by 50 basis points, the second cut this year aimed at boosting slowing economic growth.
Additionally, China's leaders' pledge on Thursday to deploy "necessary fiscal spending" to meet this year's economic growth target of around 5% has raised market expectations for fresh fiscal stimulus measures.
China also plans to issue special government bonds worth about 2 trillion yuan this year as part of new fiscal stimulus measures.
Analysts say this week's aggressive stimulus package is due to growing pressure to hit annual growth targets, following a series of disappointing economic data, particularly in the third quarter.
China's industrial profits returned to a sharp decline in August, the biggest drop this year, official data showed.
Other steelmaking components on the DCE rose to multi-week highs, with coking coal DJMcv1 and coke DCJcv1 up 5.24% and 4.15% respectively.
Most steel benchmarks on the Shanghai Futures Exchange also posted gains. Rebar SRBcv1 rose 2.7 percent, hot-rolled coil SHHCcv1 rose 3.03 percent, stainless steel SHHScv1 edged up 0.78 percent, while rebar SWRcv1 fell 1.77 percent.
Source: https://kinhtedothi.vn/gia-thep-hom-nay-28-9-tiep-tuc-ghi-nhan-muc-tang.html
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