Steel price today July 16 increased slightly on the trading floor

Steel prices on the Shanghai Futures Exchange are trending up.

Steel prices in the North

According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 13,840 VND/kg; D10 CB300 ribbed steel bar is priced at 14,240 VND/kg.

Viet Y Steel brand, CB240 rolled steel line is priced at 13,940 VND/kg; D10 CB300 ribbed steel bar is priced at 14,140 VND/kg.

Viet Duc Steel, with CB240 coil steel line stopping at 13,840 VND/kg, D10 CB300 ribbed steel bar priced at 14,290 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 13,800 VND/kg; D10 CB300 ribbed steel bar is priced at 13,910 VND/kg.

Steel prices in the Central region

Hoa Phat Steel, with CB240 coil steel down to 13,890 VND/kg; D10 CB300 ribbed steel bar priced at 14,240 VND/kg.

Viet Duc Steel, currently CB240 coil steel is at 14,240 VND/kg; D10 CB300 ribbed steel is priced at 14,700 VND/kg.

VAS Steel currently sells CB240 coil steel at 14,110 VND/kg; D10 CB300 ribbed steel is priced at 14,160 VND/kg.

Pomina steel, with CB240 coil steel line at 14,690 VND/kg; D10 CB300 ribbed steel bar is priced at 15,300 VND/kg.

Steel prices in the South

Hoa Phat Steel, CB240 rolled steel is at 13,840 VND/kg; D10 CB300 ribbed steel is priced at 14,240 VND/kg.

VAS steel, CB240 coil steel line is at 13,800 VND/kg; D10 CB300 ribbed steel bar is priced at 13,910 VND/kg.

Pomina steel, CB240 coil steel line is at 14,590 VND/kg; D10 CB300 ribbed steel bar is priced at 14,990 VND/kg.

Steel prices on the exchange

Rebar on the Shanghai Futures Exchange (SHFE) for July 2025 delivery rose 6 yuan to 3,685 yuan/t.

Iron ore futures rose, underpinned by bets that top consumer China will announce more stimulus measures at its third plenary session this week after a slew of economic data disappointed investors.

The most-traded iron ore contract for September on China's Dalian Commodity Exchange (DCE) was up 1.03% at 834 yuan ($114.83) a tonne.

Benchmark iron ore for August delivery on the Singapore Exchange rose 0.69% to $108.75 a tonne.

Official data showed the world's second-largest economy grew 4.7% in the April-June period, the slowest pace since the first quarter of 2023 and below forecasts for a 5.1% gain. Growth also slowed from a 5.3% gain in the previous quarter.

This comes after Chinese bank lending grew less than expected in June, while several key currency gauges hit fresh record lows.

The highly anticipated third plenary session starting on Monday will outline efforts to boost advanced manufacturing, manage the massive asset crunch and boost domestic consumption, policy advisers said.

Also supporting prices for the key steelmaking raw material is steady demand in the near term, analysts said. China produced an average of about 3.05 million tonnes of crude steel daily in June, the highest since April 2023.

Other steelmaking raw materials on the DCE edged higher, with coking coal and coke up 0.9% and 2.3%, respectively.

Steel futures on the Shanghai Futures Exchange trended up. Rebar rose 0.9%, hot-rolled coil rose 0.8%, stainless steel rose nearly 0.4%, while wire rod fell 0.4%.

Citi analysts expect the government to roll out another round of asset-backed measures after a Politburo meeting, a top decision-making body of the ruling Communist Party, scheduled for late July.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-16-7-tang-nhe-tren-san-giao-dich.html