Steel prices in the North
According to SteelOnline.vn, Hoa Phat steel brand increased selling prices, with CB240 rolled steel at 13,790 VND/kg; D10 CB300 ribbed steel bar priced at 13,990 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 13,580 VND/kg, D10 CB300 ribbed steel bar is priced at 14,120 VND/kg.
Viet Sing Steel, with CB240 coil steel priced at 13,550 VND/kg; D10 CB300 ribbed steel bar priced at 14,010 VND/kg.
VAS steel, with CB240 coil steel line at 13,550 VND/kg; D10 CB300 ribbed steel bar is priced at 13,850 VND/kg.
Steel prices in the Central region
Hoa Phat Steel adjusted the price up, with CB240 rolled steel at 13,790 VND/kg; D10 CB300 ribbed steel at 13,990 VND/kg.
Viet Duc Steel, currently CB240 coil steel is at 13,890 VND/kg; D10 CB300 ribbed steel is priced at 14,420 VND/kg.
VAS Steel currently sells CB240 coil steel at 13,850 VND/kg; D10 CB300 ribbed steel is priced at 14,010 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 13,690 VND/kg; D10 CB300 ribbed steel reduced to 13,9990 VND/kg.
VAS steel, CB240 coil steel line is at 13,550 VND/kg; D10 CB300 ribbed steel bar is priced at 13,850 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 fell 3 yuan to 3,547 yuan/t.
Dalian iron ore futures gave up early gains to settle slightly lower, as a weaker global steel demand outlook and weaker Chinese economic data overshadowed hopes for further stimulus measures from the world's top metals consumer.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 was 0.38% lower at 791.5 yuan ($111.26) a tonne.
Benchmark November iron ore SZZFX4 on the Singapore Exchange fell 1.43 percent to $106.05 a tonne.
Global steel demand is expected to fall by 2024 for a third straight year as production and economic growth remain weak, the World Steel Association said on Monday as it downgraded its outlook.
China's steel demand is expected to fall 3% this year and by a further 1% by 2025, the group said.
Recent economic data from China, including trade and new lending figures for September, have missed expectations, raising concerns that the economy may miss its 5% growth target this year and will struggle to fend off deflationary pressures.
Meanwhile, steel exports in September hit their highest level since 2016 at 10.2 million tonnes, with year-to-date exports up 21% year-on-year, ANZ analysts said.
“Strong external demand has boosted steel exports, but any weakness in external markets would be a headwind,” ANZ analysts said in a note.
Trade data suggests export demand may be softening, while sluggish domestic demand continues to drag on imports, ING analysts said, adding that they still expect Beijing to push ahead with solid fiscal stimulus.
Other steelmaking components on the DCE lost momentum, with coking coal DJMcv1 and coke DCJcv1 down 1.28% and 0.62%, respectively.
Steel benchmarks on the Shanghai Futures Exchange were weaker. Stainless steel SHHScv1 fell about 1.2%, rebar SRBcv1 and hot-rolled coil SHHCcv1 fell about 0.7%, and wire rod SWRcv1 fell 0.4%.
Source: https://kinhtedothi.vn/gia-thep-hom-nay-16-10-trong-nuoc-tang-gia-ban.html
Comment (0)