Steel price today 7/5: Iron ore price remains stable

Steel prices on the exchange

Rebar on the Shanghai Futures Exchange (SHFE) for December 2025 delivery rose 15 yuan to 3,127 yuan a tonne.

Dalian iron ore futures held steady as investors weighed hopes of easing U.S.-China trade tensions against weak signals from China’s economy .

The September iron ore contract, the most traded on China's Dalian Commodity Exchange (DCE), closed at 704.5 yuan ($97.58) a tonne.

On the Singapore Exchange, the benchmark iron ore price for June (SZZFM5) increased by 0.92% to $97.45/ton.

US President Donald Trump said the United States was holding trade talks with many countries, including China, helping to improve market sentiment and sending Chinese stocks higher on Tuesday.

China's Commerce Ministry confirmed that Beijing is "evaluating" a proposal from Washington to hold talks regarding the 145% tariff proposed by the US President.

On the other hand, newly released data showed that China's services activity grew at its slowest pace in seven months in April, weighed down by trade uncertainty and tariffs from the US, according to a private survey.

The steel market is worried about the risk of a global recession due to tariffs, while warning that anti-dumping measures could reduce steel demand in the near future, according to brokerage Hexun Futures.

Output at steelmakers using blast furnaces in China increased further between April 25 and 30, according to consultancy Mysteel.

However, downstream demand is expected to weaken in May as the domestic market enters the low season, while overseas demand continues to be pressured by trade barriers, according to Hexun.

On the supply side, total iron ore inventories at Chinese ports rose 2.24% week on week to 136.8 million tonnes as of April 30, according to data from Steelhome.

Other steel products on the DCE continued to trade less actively. Coking coal fell 1.73%, while coke fell sharply by 2.88%.

On the Shanghai Futures Exchange, steel futures were trading almost flat. Rebar fell 0.61%, hot-rolled coil fell 0.19%, stainless steel rose about 0.4%, while wire rod (SWRcv1) was flat.

Domestic steel prices

In the North, Hoa Phat steel brand, with CB240 rolled steel line at 13,550 VND/kg; D10 CB300 ribbed steel bar is priced at 13,600 VND/kg.

Viet Y steel brand, CB240 rolled steel line is priced at 13,580 VND/kg; D10 CB300 ribbed steel bar is priced at 13,690 VND/kg.

Viet Duc Steel, with CB240 coil steel line, is priced at 13,500 VND/kg, D10 CB300 ribbed steel bar is priced at 13,800 VND/kg. Viet Sing Steel, with CB240 coil steel, is priced at 13,450 VND/kg; D10 CB300 ribbed steel bar is priced at 13,650 VND/kg.

VAS steel, with CB240 coil steel line at 13,330 VND/kg; D10 CB300 ribbed steel bar is priced at 13,380 VND/kg.

In the Central region, Hoa Phat steel, with CB240 coil steel line, is at 13,630 VND/kg; D10 CB300 ribbed steel bar is priced at 13,750 VND/kg.

Viet Duc Steel, currently CB240 coil steel line is at 13,800 VND/kg; D10 CB300 ribbed steel bar is at 14,200 VND/kg. VAS Steel, CB240 coil steel line is at 13,740 VND/kg; D10 CB300 ribbed steel bar is at 13,790 VND/kg.

In the South, Hoa Phat steel, CB240 rolled steel, is priced at VND13,550/kg; D10 CB300 ribbed steel is priced at VND13,650/kg. VAS steel, CB240 rolled steel is priced at VND13,380/kg; D10 CB300 ribbed steel is priced at VND13,480/kg.

Source: https://baodaknong.vn/gia-thep-hom-nay-7-5-gia-quang-sat-giu-on-dinh-251726.html