Steel prices today, November 6th: slightly increased.

Most steel benchmarks on the Shanghai Futures Exchange rose.

Steel prices in Northern Vietnam

According to SteelOnline.vn, Hoa Phat steel brand offers CB240 steel coils at 13,580 VND/kg; and D10 CB300 ribbed steel bars at 13,790 VND/kg.

Viet Y Steel brand offers CB240 steel coils at 13,530 VND/kg; D10 CB300 ribbed steel bars are priced at 13,640 VND/kg.

Viet Duc Steel offers CB240 steel coils at 13,530 VND/kg and D10 CB300 ribbed steel bars at 13,890 VND/kg.

Viet Sing Steel offers CB240 steel coils at 13,500 VND/kg and D10 CB300 ribbed steel bars at 13,700 VND/kg.

VAS steel, with CB240 coiled steel at 13,500 VND/kg; D10 CB300 ribbed steel bar at 13,600 VND/kg.

Steel prices in Central Vietnam

Hoa Phat Steel's CB240 coiled steel is priced at 13,580 VND/kg; D10 CB300 ribbed steel bars are priced at 13,790 VND/kg.

At Viet Duc Steel, the current price for CB240 steel coils is 13,990 VND/kg; and for D10 CB300 ribbed steel bars, it is 14,190 VND/kg.

Currently, VAS Steel offers CB240 steel coils at 13,650 VND/kg and D10 CB300 ribbed steel bars at 13,700 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 13,580 VND/kg; D10 CB300 ribbed steel bars have decreased to 13,790 VND/kg.

VAS steel, CB240 coil steel, is priced at 13,500 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 rose 2 yuan to 3,508 yuan per ton.

Iron ore futures prices rose for a second consecutive trading session, supported by growing optimism about stimulus measures from top consumer China, although the fundamentals of the key steelmaking component remain weak.

China's most actively traded January iron ore contract, DCIOcv1, on the Dalian Commodity Exchange (DCE), rose 2.59% to 791.5 yuan ($111.41) per ton, its highest level since October 30.

December benchmark iron ore prices on the Singapore exchange rose 1.09% to $105.05 per ton, the highest level since October 17.

"Expectations are rising that this week's meeting of the Standing Committee of China's National People's Congress will provide new details on fiscal stimulus measures," ANZ analysts said.

China is considering approving a new bond issuance worth more than 10 trillion yuan to address local government debt, finance the acquisition of idle land, and reduce its large inventory of unsold apartments.

China's services sector expanded at its fastest pace in three months in October, following an unexpected surge in manufacturing activity, which further boosted overall sentiment.

Other steelmaking components on the DCE increased, with DJMcv1 coking coal and DCJcv1 coking coal rising by 2.17% and 2.27%, respectively.

Most steel benchmarks on the Shanghai Futures Exchange rose. Rebar SRBcv1 increased 1.56%, hot-rolled coil SHHCcv1 increased 1.6%, wire rod SWRcv1 increased 0.49%, while stainless steel SHHSScv1 remained unchanged.

However, analysts at Galaxy Futures are not overly optimistic about the benefits of the anticipated fiscal policy on steel demand, stating that even if the policy is implemented, it is expected to be primarily used for debt relief, replenishing bank capital, and consumer spending.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-6-11-tang-nhe.html