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 11 yuan to 3,362 yuan/t.
Iron ore futures rose to their highest in nearly three weeks, boosted by increased buying demand from steelmakers in top consumer China ahead of the upcoming peak demand season.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 rose 3.34 percent to 758 yuan ($106.38) a tonne, its highest since Aug. 7.
Benchmark September iron ore SZZFU4 on the Singapore Exchange rose 1.5% to $101.75 a tonne, its highest since Aug. 9.
"The main driver of this price recovery is the reinforced signal of interest rate cuts from US Federal Reserve Chairman Powell. Moreover, some steel producers have started to stock up on iron ore to meet production needs for September when steel demand is likely to improve, supporting ore prices," said Pei Hao, an analyst at Shanghai-based international brokerage Freight Investor Services.
Some mills have planned to resume production after maintenance, raising expectations that ore demand is bottoming out, according to analysts at Everbright Futures.
However, thin steel margins and high port inventories remain hurdles, limiting upside momentum, analysts said.
Steelmakers turned to losses from January-July profits, compared with a year earlier, even as China's industrial profits grew at a faster pace.
Other steelmaking components on the DCE surged, with coking coal DJMcv1 and coke DCJcv1 up 4.57% and 3.86% respectively, to two-week highs.
Steel benchmarks on the Shanghai Futures Exchange were stronger. Rebar SRBcv1 rose 1.12%, hot-rolled coil SHHCcv1 rose 1.9%, wire rod SWRcv1 rose 1.37% and stainless steel SHSScv1 rose 1.05%.
“Both production and inventory of construction steel products have fallen; the suspension of steel capacity swaps has boosted short-term sentiment,” analysts at Huatai Futures said in a note.
China has suspended its steel capacity replacement program since August 23 while it tries to revise the measures. But it is difficult to reverse the situation when domestic demand is still insufficient.
Source: https://kinhtedothi.vn/gia-thep-hom-nay-28-8-tang-tren-san-giao-dich.html
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