Steel prices today, October 14th: iron ore prices fall.

Iron ore futures prices fell after China did not announce a new fiscal stimulus package to support its economy .

Steel prices in Northern Vietnam

According to SteelOnline.vn, Hoa Phat steel brand offers CB240 steel coils at 13,580 VND/kg; and D10 CB300 ribbed steel bars at 13,790 VND/kg.

Viet Y Steel brand offers CB240 steel coils at 13,530 VND/kg; D10 CB300 ribbed steel bars are priced at 13,640 VND/kg.

Viet Duc Steel offers CB240 steel coils at 13,530 VND/kg and D10 CB300 ribbed steel bars at 13,890 VND/kg.

Viet Sing Steel offers CB240 steel coils at 13,500 VND/kg and D10 CB300 ribbed steel bars at 13,700 VND/kg.

VAS steel, with CB240 coiled steel at 13,500 VND/kg; D10 CB300 ribbed steel bar at 13,600 VND/kg.

Steel prices in Central Vietnam

Hoa Phat Steel's CB240 coiled steel is priced at 13,580 VND/kg; D10 CB300 ribbed steel bars are priced at 13,790 VND/kg.

At Viet Duc Steel, the current price for CB240 steel coils is 13,990 VND/kg; and for D10 CB300 ribbed steel bars, it is 14,190 VND/kg.

Currently, VAS Steel offers CB240 steel coils at 13,650 VND/kg and D10 CB300 ribbed steel bars at 13,700 VND/kg.

Pomina Steel, with its CB240 coiled steel at 14,180 VND/kg; and D10 CB300 ribbed steel bars at 14,180 VND/kg.

Steel prices in Southern Vietnam

Hoa Phat Steel: CB240 steel coils are priced at 13,580 VND/kg; D10 CB300 ribbed steel bars have decreased to 13,790 VND/kg.

VAS steel, CB240 coil steel, is priced at 13,500 VND/kg; D10 CB300 ribbed steel bar is priced at 13,600 VND/kg.

Pomina steel, CB240 coiled steel is priced at 13,970 VND/kg; D10 CB300 ribbed steel bar is priced at 13,970 VND/kg.

Steel prices on the exchange.

Rebar futures on the Shanghai Futures Exchange (SHFE) for June 2025 delivery rose 56 yuan to 3,569 yuan per ton.

Iron ore futures prices fell after China failed to announce a new fiscal stimulus package to support its economy.

At a press conference on Saturday, China's finance ministry pledged more support for its struggling real estate sector and heavily indebted local governments, and hinted at expanding government borrowing. However, these measures were not accompanied by specific spending proposals, which investors had hoped could amount to 2 trillion yuan ($283 billion).

Iron ore prices fell 0.8% to $105.40 a ton on the Singapore exchange. Futures prices for the steelmaking material have surged this year, rising above $140 a ton in January before falling below $90 last month.

Metal prices have risen in recent weeks after Beijing rolled out a series of monetary interventions to support growth. But commodity investors have called for further fiscal measures that have a more direct impact on material consumption and are necessary to replace lost demand due to China's prolonged real estate downturn.

According to mining giant BHP Group Ltd., the housing crisis has forced a reduction in the importance of this sector to China's steel mills, with the construction industry accounting for 24% of consumption in 2023 up from 42% in 2011. Conversely, the machinery manufacturing industry has grown from 20% to 30% during that time, while steel exports have surged in the past two years.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-14-10-quang-sat-giam.html