Steel price today 8/5: Iron ore price remains stable

Steel prices on the exchange

Rebar on the Shanghai Futures Exchange (SHFE) for December 2025 delivery fell 28 yuan to 3,114 yuan a tonne.

China’s iron ore futures were steady at 705 yuan a tonne, continuing to trade in a narrow range after hitting a six-month low of 690 yuan last month. Unfavorable macroeconomic conditions continue to weigh on the outlook for the domestic construction and manufacturing sectors.

China’s rebar futures rose to 3,095 yuan a tonne – their highest in a month – after falling to 3,020 yuan, their lowest in seven months since late April, on expectations of tight supply.

Major steelmakers, including Baosteel – the world's top producer – have signaled that Beijing could soon order nationwide output cuts to combat oversupply and weak demand.

The manufacturing PMI released by China's National Bureau of Statistics (NBS) fell to a 16-month low in April, as new export orders fell the most since 2022, adding pressure to steel demand.

In addition, concerns about persistently weak consumer demand are weighing on property prices, increasing the risk of industry defaults and threatening to wipe out a key source of global demand for steel.

China's government said overcapacity at steel mills could lead to production cuts by 2025, putting pressure on blast furnace demand for iron ore.

However, China's crude steel output in March still increased by 3.6% year-on-year to 93 million tonnes.

On the policy front, multiple cuts in key interest rates from the People's Bank of China helped prevent a deeper market decline, providing some support to the economy as it prepares to enter trade talks with the US.

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-8-5-quang-sat-giu-gia-on-dinh-251829.html