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 bar 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 18 yuan to 3,246 yuan/t.
Iron ore futures fell for a fourth straight session, hitting their lowest in more than 14 months, as persistently weak property data in top consumer China added to pessimism about the demand outlook.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) fell 2.09 percent to 703.5 yuan ($98.32) a tonne.
The contract hit its lowest since May 26, 2023 at 691 yuan/tonne in early trading.
Benchmark iron ore for September delivery on the Singapore Exchange fell 2.81% to $93.50 a tonne, its lowest since November 2022.
China's real estate investment fell 10.2% in the first seven months of the year from a year earlier, after falling 10.1% in January-June. New construction starts measured by floor area fell 23.2% year-on-year in the first seven months, after falling 23.7% in the first half, official data showed.
The real estate market remains China's largest steel consumer, although its share has declined amid the prolonged crisis since 2021.
“We believe there is still room for further downside in terms of valuations as prices have broken the key support level of $100/mt,” analysts at Shengda Futures said in a note.
Steel benchmarks on the Shanghai Futures Exchange continued to fall, with sharp price drops dampening sentiment, analysts said. Rebar fell 0.16 percent, hot-rolled coil fell 1.71 percent, steel bars fell 0.83 percent and stainless steel was flat.
China's crude steel output fell for a second month in July, down 9.5% from June, as many steelmakers carried out maintenance amid widening of already negative profit margins.
That brought total output in the first seven months to 613.72 million tonnes, down 2.2% from the same period last year.
Other steelmaking components on the DCE recovered somewhat after a sharp decline on Wednesday, with coking coal and coke up 3.52% and 1.18% respectively.
Source: https://kinhtedothi.vn/gia-thep-hom-nay-16-8-tang-nhe.html
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