Steel prices in Northern Vietnam
According to SteelOnline.vn, Hoa Phat steel brand offers CB240 steel coils at 13,480 VND/kg; and D10 CB300 ribbed steel bars at 13,580 VND/kg.
Viet-Italian steel brand, CB240 coiled steel is priced at 13,430 VND/kg; D10 CB300 ribbed steel bar is priced at 13,400 VND/kg.
Viet Duc Steel offers CB240 steel coils at 13,430 VND/kg and D10 CB300 ribbed steel bars at 13,690 VND/kg.
Viet Sing Steel offers CB240 steel coils at 13,300 VND/kg and D10 CB300 ribbed steel bars at 13,600 VND/kg.
VAS steel, with CB240 coiled steel at 13,350 VND/kg; D10 CB300 ribbed steel bar at 13,600 VND/kg.
Steel prices in Central Vietnam
Hoa Phat Steel, with its CB240 coiled steel at 13,480 VND/kg; and D10 CB300 ribbed steel at 13,580 VND/kg.
At Viet Duc Steel, the current price for CB240 steel coils is 13,740 VND/kg; and for D10 CB300 ribbed steel bars, it is 13,990 VND/kg.
Currently, VAS Steel offers CB240 steel coils at 13,650 VND/kg and D10 CB300 ribbed steel bars at 13,450 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 13,640 VND/kg; D10 CB300 ribbed steel bars have decreased to 13,580 VND/kg.
VAS steel, CB240 coil steel, is priced at 13,350 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 May 2025 delivery settled at 3,618 yuan/tonne.
China's substantial stimulus measures have pushed prices of major metals higher, and the gains have largely been sustained even amid debate over whether Beijing is actually doing enough to boost the world's second-largest economy .
A series of announcements last week, including lower interest rates and easier home purchase terms, triggered a reaction in metal prices, particularly those with high exposure to China, such as iron ore.
Prices of key steel commodities have surged on both China's domestic exchanges and in Singapore, the main contract for global investors. China buys about 70% of global seaborne shipments, with major exporting countries being Australia and Brazil.
Contracts on the Dalian Commodity Exchange rose 10.7% to 821.5 yuan ($117.14) per ton, having earlier in the session reached 835 yuan, its highest level since July 16.
This contract has not been traded since then due to China's extended Golden Week holiday, but futures on the Singapore exchange closed at $108.24 per ton, up 15.4% from the previous close, rising from a recent low of $91.38 on September 23rd to 18.4%.
What is clear is that the sharp rise in iron ore prices is a price surge driven by sentiment, primarily fueled by Chinese retail investors.
Iron ore prices have been trending downward since reaching $143.60 per ton on January 3rd, the second trading day of the year, primarily due to a decline in Chinese steel production amid weak demand from the key real estate sector.
New home prices fell at their fastest pace in more than nine years in August, according to official data released on September 14, down 5.3% from a year earlier.
In addition, there is a large amount of unsold property, putting financial pressure on developers and undermining buyer confidence.
The question for the market is whether the latest round of stimulus measures will be enough to significantly alter steel demand, or whether they can halt the current decline without triggering a recovery…
Source: https://kinhtedothi.vn/gia-thep-hom-nay-3-10-thi-truong-binh-on.html
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