Steel price today 8/2: price continues to increase

Steel benchmarks on the Shanghai Futures Exchange rose.

Steel prices in the North

According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 13,690 VND/kg; D10 CB300 ribbed steel bar is priced at 13,840 VND/kg.

Viet Y steel brand, CB240 rolled steel line is priced at 13,640 VND/kg; D10 CB300 ribbed steel bar is priced at 13,740 VND/kg.

Viet Duc Steel, with CB240 coil steel line at 13,640 VND/kg, D10 CB300 ribbed steel bar is priced at 13,840 VND/kg.

Viet Sing Steel, with CB240 coil steel priced at 13,600 VND/kg; D10 CB300 ribbed steel bar priced at 13,800 VND/kg.

VAS steel, with CB240 coil steel line at 13,600 VND/kg; D10 CB300 ribbed steel bar is priced at 13,700 VND/kg.

Steel prices in the Central region

Hoa Phat Steel, with CB240 coil steel line at 13,690 VND/kg; D10 CB300 ribbed steel bar is priced at 13,840 VND/kg.

Viet Duc Steel, currently CB240 coil steel is at 13,940 VND/kg; D10 CB300 ribbed steel is priced at 14,340 VND/kg.

VAS Steel currently sells CB240 coil steel at 13,910 VND/kg; D10 CB300 ribbed steel bar is priced at 13,960 VND/kg.

Steel prices in the South

Hoa Phat Steel, CB240 rolled steel is at 13,690 VND/kg; D10 CB300 ribbed steel is priced at 13,840 VND/kg.

VAS steel, CB240 coil steel line is at 13,700 VND/kg; D10 CB300 ribbed steel bar is priced at 13,800 VND/kg.

Steel prices on the exchange

Rebar on the Shanghai Futures Exchange (SHFE) for October 2025 delivery rose 15 yuan to 3,414 yuan/t.

Iron ore futures hit a four-month high and were set to rise this week, as steel demand in top consumer China recovered after the Lunar New Year holiday, while support for the property sector also boosted investor sentiment.

The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) rose 1.48 percent to 822 yuan ($112.86) a tonne, up 1.61 percent so far this week. It hit 825 yuan earlier in the session, its highest since Oct. 8.

Benchmark March iron ore on the Singapore Exchange rose 0.86% to $106.85 a tonne, posting a 0.23% gain for the week so far.

Production at steel mills has resumed after the Lunar New Year holiday, improving short-term iron ore demand and supporting prices, China's Hexun Futures consultancy said in a note.

Output at Chinese blast furnace steelmakers rose this week, as some mills raised output after resuming operations following maintenance, according to Chinese consultancy Mysteel.

However, a trade war poses the biggest challenge to the iron ore and steel markets, ANZ analysts said in a note.

Other steelmaking components on the DCE surged, with coking coal up 2.98% and 3.92% respectively.

Steel benchmarks on the Shanghai Futures Exchange rose. Rebar rose nearly 0.9%, hot-rolled coil rose 0.76%, wire rod rose 2.3% and stainless steel edged up 0.07%.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-8-2-tiep-tuc-tang-gia.html