Steel price today July 5: Second consecutive week of increase

Domestic prices remained unchanged on July 5; iron ore posted a second weekly gain as China signaled a crackdown on the price war.

World steel prices

Rebar on the Shanghai Futures Exchange (SHFE) for January 2026 delivery rose 1 yuan to 3,101 yuan/t.

Iron ore futures rose for a second straight week, as market sentiment improved after officials in top consumer China called for curbs on fierce price competition.

The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) rose 0.62 percent to 732.5 yuan ($102.25) a tonne. The contract has gained 3.08 percent this week.

Benchmark August iron ore (SZZFQ5) on the Singapore Exchange fell 0.3% to $96.15 a tonne but gained 1.93% for the week.

Steel price today 57 Second consecutive week of increase

Earlier this week, the Central Financial and Economic Affairs Commission called for stricter measures against fierce price competition among companies.

That has raised hopes of a second round of supply-side reforms in the oversupplied steel sector, which could improve steel margins and enhance mills' price tolerance for components, analysts said.

Total iron ore inventories at ports in China fell 0.15 percent week on week to 133.4 million tonnes as of July 4, which also provided some support for prices, according to data from consultancy SteelHome.

However, signs of softening demand partly due to environmental protection-related production controls in Tangshan – China’s top steelmaking hub – have limited upside potential.

Data from consultancy Mysteel showed that average daily hot metal output – a gauge of iron ore demand – fell 0.6% from the previous week to its lowest since April 19 at 2.41 million tonnes as of July 3.

The US dollar pared earlier gains after US President Donald Trump's "One, Big, Beautiful Bill" was passed.

A stronger greenback makes dollar-denominated assets more expensive for holders of other currencies.

Other steelmaking components on the DCE lost ground, with coking coal and coke (DCJcv1) down 1.06% and 0.42%, respectively.

Most steel benchmarks on the Shanghai Futures Exchange rose. Rebar rose 0.23%, hot-rolled coil rose 0.25%, stainless steel rose 0.39% and wire rod (SWRcv1) fell 0.09%.

Domestic steel prices

According to SteelOnline.vn, the price of steel in the North is listed at 13,650 VND/kg for Hoa Phat steel brand, CB240 rolled steel; D10 CB300 ribbed steel 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 bar is priced at 13,740 VND/kg. VAS Steel, CB240 rolled steel line is priced at 13,740 VND/kg; D10 CB300 ribbed steel bar is priced at 13,840 VND/kg.

Source: https://baolamdong.vn/gia-thep-hom-nay-5-7-tuan-tang-thu-hai-lien-tiep-381139.html