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 fell 33 yuan to 3,289 yuan/t.
Dalian iron ore futures continued to rise, helped by top consumer China’s support for its property sector along with rising profit margins among steelmakers, although caution from remaining fragile fundamentals capped gains.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 was 0.41% higher at 730 yuan ($102.33) a tonne, after rising as high as 747 yuan a tonne earlier in the session.
The contract is up for a fourth straight session and was up more than 4% on Wednesday.
However, the benchmark September iron ore SZZFU4 on the Singapore Exchange pared earlier gains and fell 1.12% to $97.2 a tonne, amid a stronger US dollar.
Prices hit an intraday high of $99.90 a tonne earlier in the session.
Commercial banks have approved 5,392 real estate projects under a "white list" program aimed at injecting liquidity into China's crisis-hit sector, with a total funding of nearly 1.4 trillion yuan.
That has boosted market sentiment, along with improved profitability among steelmakers, analysts said.
However, some analysts remain cautious about the sustainability of the price recovery.
“It is normal to see an upward correction after a series of sharp and consistent declines. But this does not necessarily mean that the conflict around iron market fundamentals has been resolved. Without a clear improvement in demand, prices are likely to hit new lows by the end of the year,” said Jiang Mengtian, an analyst at Shanghai-based consultancy Horizon Insights.
Other steelmaking components on the DCE were mixed, with coking coal DJMcv1 down 0.78% while coking coal DCJcv1 edged up 0.24%.
Most steel benchmarks on the Shanghai Futures Exchange gave up gains with losses. Rebar SRBcv1 fell 0.69 percent, hot-rolled coil SHHCcv1 fell 0.55 percent, while rebar SWRcv1 fell 1.64 percent and stainless steel SHSScv1 fell 0.36 percent.
Source: https://kinhtedothi.vn/gia-thep-hom-nay-23-8-tu-bo-da-tang-giam-tro-lai-tren-san-giao-dich.html
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