Steel price today August 6: Increased due to strong demand from China

On August 6, the domestic steel market continued to maintain stable prices compared to previous days. Meanwhile, steel and iron ore prices on international exchanges recorded...

On August 6, the domestic steel market continued to maintain stable prices compared to previous days. Meanwhile, steel and iron ore prices on international exchanges recorded a slight upward trend, supported by strong short-term demand from China, the world's leading steel consuming country.

World steel prices

In the international market, steel futures prices in Shanghai continued to rise on August 6. The May 2026 rebar contract on the Shanghai Futures Exchange rose by 12 yuan to 3,323 yuan/ton. Other steel products such as hot-rolled coil rose 1.89%, wire rod rose 2.06%, while stainless steel rose 0.9%.

Iron ore futures also jumped, hitting their highest in nearly a week. The September iron ore contract on the Dalian Commodity Exchange (DCE) rose 1.2% to 798.5 yuan ($111.13) a tonne. On the Singapore Exchange, the September contract rose 0.69% to $102.20 a tonne, after hitting a peak of $102.65, its highest since July 30.

Iron ore prices were supported by steady demand in China, despite concerns that the country may restrict steel production in the northern region ahead of the 80th anniversary of the end of World War II in early September, in order to control air quality in Beijing.

Average daily hot metal output – a key gauge of iron ore demand – has remained around 2.4 million tonnes since April, and is forecast to reach around 2.21 million tonnes by the end of August. This is high, even in the industry's low season.

In addition, expectations that China will continue to step up reforms to address overcapacity in the steel industry are also supporting market sentiment, which ANZ experts said could lead to an improvement in demand in the medium term.

In addition, the price of coking coal - another essential raw material in steel production - also increased by nearly 8%, reaching the trading ceiling amid concerns about reduced supply, further contributing to the recovery of the global steel industry's input material market.

Domestic steel prices

According to an update from SteelOnline.vn, steel prices in the domestic market did not fluctuate much on August 6. Major brands such as Hoa Phat , Viet Y, Viet Duc, VAS and Viet Sing still maintained their listed prices for two main products: CB240 rolled steel and D10 CB300 ribbed steel.

In the North, Hoa Phat steel is sold at VND13,650/kg (CB240 coil) and VND13,790/kg (D10 CB300). The Viet Y brand listed slightly higher prices, at VND13,890 and VND13,990/kg, respectively. Viet Duc steel has a stable price of VND13,550/kg for both product lines, while Viet Sing steel fluctuates from VND13,580 - VND13,690/kg. VAS steel maintains its price at VND13,740/kg.

The Central region also recorded similar prices. Hoa Phat Steel listed at VND13,530/kg for both products. Viet Duc Steel was higher, with prices of VND14,050/kg (coils) and VND14,000/kg (ribbed bars) respectively. VAS Steel continued to maintain prices of VND13,740 - 13,790/kg.

In the South, Hoa Phat steel is listed at VND13,790/kg (CB240 coil) and VND13,740/kg (D10 CB300). VAS steel in this region recorded slightly higher prices, at VND13,740/kg for coil and VND13,840/kg for ribbed bars.

Overall, the domestic steel market is maintaining stability after several previous slight price increases, reflecting the current supply-demand balance and cautious sentiment from manufacturers and distributors.

Source: https://baolamdong.vn/gia-thep-hom-nay-6-8-tang-do-nhu-cau-manh-tu-trung-quoc-386532.html