Steel prices on the exchange
Rebar on the Shanghai Futures Exchange (SHFE) for March 2025 delivery rose 19 yuan to 2,990 yuan/t.
Iron ore prices rose, reversing early losses, as a weaker dollar and promises from Chinese officials to boost domestic consumption lifted investor sentiment.
The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) rose 0.64 percent to 705.5 yuan ($98.44) a tonne.
Benchmark iron ore for July delivery (SZZFN5) on the Singapore Exchange rose 0.55 percent to $93.25 a tonne.
The dollar fell to a multi-year low on Thursday after US President Donald Trump commented on replacing Federal Reserve Chairman Jerome Powell, raising concerns about the central bank's independence.
A weaker greenback makes dollar-denominated assets cheaper for holders of other currencies.
Another supportive factor came from China, where Premier Li Qiang said on Thursday that policymakers would take “forceful steps” to boost domestic consumption.
However, rising inventories and weak output from China capped gains.
China's imported sinter iron ore inventories rose for a third consecutive week to 12.3 million tonnes as of June 25, while sinter iron ore consumption fell 1.5% week-on-week, according to data from Chinese consultancy Mysteel.
“Iron ore futures are at risk of hitting a new low for the year as ample supply and lower steel output in China weigh on sentiment,” ANZ analysts said.
Iron ore shipments from Australia and Brazil have increased, with major producer Vale boosting supplies due to late-season demand, brokerage Everbright Futures said.
Other steelmaking components on the DCE also rose, with metallurgical coal and coking coal (DCJcv1) up 3.6% and 1.86% respectively.
Coking coal prices rose more than 3.5 percent to an intraday high of 819 yuan after coal mines cut output due to accidents and environmental concerns, brokerage Haitong Futures said.
Most steel benchmarks on the Shanghai Futures Exchange rose. Rebar rose 0.1%, hot-rolled coil rose 0.39%, stainless steel rose 1.16% and wire rod (SWRcv1) edged down 0.06%.
Domestic steel prices
Steel prices in the North
According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 13,650 VND/kg; D10 CB300 ribbed steel bar is priced at 13,790 VND/kg.
Viet Y Steel brand, CB240 rolled steel line is priced at 13,890 VND/kg; D10 CB300 ribbed steel bar is priced at 13,990 VND/kg.
Viet Duc Steel, with CB240 coil steel line at 13,550 VND/kg, D10 CB300 ribbed steel bar is priced at 13,550 VND/kg.
Viet Sing Steel, with CB240 coil steel, is priced at VND13,690/kg; D10 CB300 ribbed steel is priced at VND13,580/kg.
VAS steel, with CB240 coil steel line at 13,740 VND/kg; D10 CB300 ribbed steel bar is priced at 13,740 VND/kg.
Steel prices in the Central region
Hoa Phat Steel, with CB240 coil steel line, is at 13,530 VND/kg; D10 CB300 ribbed steel bar is priced at 13,530 VND/kg.
Viet Duc Steel, currently CB240 rolled steel is at 14,050 VND/kg; D10 CB300 ribbed steel is priced at 14,000 VND/kg.
VAS steel, CB240 coil steel line is at 13,740 VND/kg; D10 CB300 ribbed steel bar is priced at 13,790 VND/kg.
Steel prices in the South
Hoa Phat Steel, CB240 rolled steel, at 13,790 VND/kg; D10 CB300 ribbed steel is priced at 13,740 VND/kg.
VAS steel, CB240 coil steel line is at 13,740 VND/kg; D10 CB300 ribbed steel bar is priced at 13,840 VND/kg.
Source: https://baodaknong.vn/gia-thep-hom-nay-27-6-tang-tren-san-giao-dich-tuong-lai-thuong-hai-256893.html
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