Domestic market prices remain unchanged on July 19; Dalian iron ore to rise for fourth week on demand optimism.
Steel prices on the exchange
Rebar on the Shanghai Futures Exchange (SHFE) for March 2026 delivery rose 44 yuan to 3,240 yuan/t.
Dalian iron ore futures rose and were on track for a fourth straight weekly gain, as an upbeat demand outlook and expectations of further support policies from Beijing boosted market sentiment.
The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) rose 0.7% to 787.5 yuan ($109.67) a tonne. The contract has gained 3.01% this week.
Iron ore futures for August delivery (SZZFQ5) on the Singapore Exchange rose 0.57% to $101.4 a tonne, up 2.19% this week.
Traders are optimistic about improving steel margins following signs from Beijing on tackling overcapacity, while expectations of fresh stimulus in the property sector continue to support sentiment, according to analysts at ANZ.
Lower inventories for both iron ore and steel are contributing to expectations of inventory replenishment in the coming months, ANZ added.
Total iron ore inventories at China’s ports fell 0.76% week-on-week to 130.9 million tonnes as of July 18, according to data from consultancy SteelHome – a factor that continues to support prices.
Meanwhile, iron ore demand remains stable and steel consumption in the manufacturing sector remains high, according to brokerage Galaxy Futures. Galaxy also said that expectations of supply-side policy reforms are continuing to support the market.
Elsewhere, mining giant BHP reported record iron ore production for the financial year of 290 million tonnes, with the fourth quarter alone recording 77.5 million tonnes – exceeding market expectations.
The dollar rose after positive retail sales data from the US. The stronger greenback makes dollar-denominated assets more expensive for holders of other currencies.
Other steelmaking raw materials on the DCE also rose, with coking coal and coke (DCJcv1) prices up 2.55% and 0.8%, respectively.
Benchmark steel indexes on the Shanghai Futures Exchange all posted gains. Steel rebar and wire rod (SWRcv1) rose 0.83%, hot-rolled coil rose 0.88% and stainless steel rose 0.24%.
Domestic construction steel prices
Updated from SteelOnline.vn, steel prices in the Northern, Central and Southern regions are stable, currently steel prices fluctuate from 12,520 - 13,580 VND/kg for products such as CB240 and D10 CB300.
In the North: Viet Duc Steel: CB240 rolled steel at 13,050 VND/kg; D10 CB300 ribbed steel bar at 12,440 VND/kg. Hoa Phat Steel: CB240 rolled steel at 13,230 VND/kg; D10 CB300 ribbed steel bar at 12,830 VND/kg. Viet Sing Steel: CB240 rolled steel at 13,130 VND/kg; D10 CB300 ribbed steel bar at 12,930 VND/kg.
Viet Y Steel: CB240 steel coil price 13,130 VND/kg; D10 CB300 ribbed steel bar price 12,520 VND/kg. VAS Steel: CB240 steel coil price 13,130 VND/kg; D10 CB300 ribbed steel bar price 12,730 VND/kg.
In the Central region: Viet Duc Steel: CB240 coil steel is priced at 13,550 VND/kg; D10 CB300 ribbed steel is priced at 13,500 VND/kg. Hoa Phat Steel: CB240 coil steel is priced at 13,230 VND/kg; D10 CB300 ribbed steel is priced at 12,830 VND/kg. VAS Steel: CB240 coil steel is priced at 13,230 VND/kg; D10 CB300 ribbed steel is priced at 13,730 VND/kg.
In the South: Hoa Phat Steel: CB240 coil steel is priced at VND13,230/kg; D10 CB300 ribbed steel is priced at VND12,830/kg. VAS Steel: CB240 coil steel is priced at VND13,130/kg; D10 CB300 ribbed steel is priced at VND12,730/kg. TungHo Steel: CB240 coil steel is priced at VND13,030/kg; D10 CB300 ribbed steel is priced at VND12,530/kg./.
Source: https://baolamdong.vn/gia-thep-hom-nay-19-7-tang-manh-tren-san-giao-dich-382847.html
Comment (0)