Steel price today January 9: continuing the downward trend

Most steel benchmarks on the Shanghai Futures Exchange fell.

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 August 2025 delivery fell 18 yuan to 3,208 yuan/t.

Iron ore futures fell for a fourth straight session, pressured by weakening steel demand and rising port arrivals in top consumer China.

The most-traded iron ore contract for May on China's Dalian Commodity Exchange (DCE) fell 0.73 percent to 747.5 yuan ($101.96) a tonne.

Benchmark iron ore for February delivery on the Singapore Exchange fell 0.07% to $96.55 a tonne.

Iron ore shipments into China have increased and port arrivals are high, Chinese consultancy Hexun Futures said in a note.

Meanwhile, downstream steel demand has weakened, steel companies have stepped up blast furnace maintenance, and molten iron output has further declined, Hexun said.

“Steel mills have restrained inventory replenishment, port clearance volumes have declined... and fundamentals continue to weaken,” Hexun said. However, total iron ore inventories at Chinese ports fell 1.53 percent week on week to 144.6 million tonnes as of Jan. 3, according to Steelhome data.

Iron ore hit a seven-week low as inventories in China rose. In the rebar market, domestic output and demand are expected to continue to decline this year, continuing the trend of last year, Chinese consultancy Mysteel said.

China's rebar output is expected to fall 6% year-on-year to 202 million tonnes, while demand is expected to fall 7.2% to 199 million tonnes, Mysteel data showed.

Most steel benchmarks on the Shanghai Futures Exchange fell. Rebar fell 1.11 percent, hot-rolled coil fell 0.92 percent, wire rod fell 1.09 percent, while stainless steel rose nearly 0.6 percent.

Other steelmaking components on the DCE all fell, with coking coal and coke down 3.5% and 1.79% respectively.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-9-1-keo-dai-da-giam.html