Steel price today 7/9: Iron ore recovers

Iron ore rebounded on July 9, despite caution over Trump's tariff threat. Domestically, brands kept prices unchanged.

Steel prices on the exchange

Rebar on the Shanghai Futures Exchange (SHFE) for March 2026 delivery rose 6 yuan to 3,084 yuan/t.

Iron ore futures rebounded on solid short-term demand in China, the world’s top consumer, although gains were capped by cautious sentiment over the threat of higher US tariffs announced by US President Donald Trump.

The most-traded September iron ore contract on the Dalian Commodity Exchange (DCE) ended the day up 0.14 percent at 733 yuan ($102.21) a tonne, after falling nearly 0.7 percent in the previous session.

In Singapore, the benchmark iron ore contract for August delivery (SZZFQ5) rose 0.44% to $95.65 a tonne.

According to data from consultancy Mysteel, iron ore demand remains strong in the short term, as seen in hot metal output averaging 2.41 million tonnes per day as of July 3, up 0.6% year-on-year. Hot metal output is a key indicator of iron ore demand in the steel industry.

In addition, iron ore inventories at Chinese ports are also on a downward trend, down 0.4% on the week to 144.04 million tonnes as of July 7, continuing to support prices.

However, the price gains were capped by escalating global trade tensions. US President Donald Trump said on Monday he would begin imposing higher tariffs on about a dozen countries starting August 1, including major partners such as Japan and South Korea, in the latest escalation of the trade war he started earlier this year.

On the DCE floor, other steelmaking raw materials all increased: coking coal increased by 0.84% and metallurgical coal (DCJcv1) increased by 0.14%.

Meanwhile, steel futures contracts on the Shanghai Futures Exchange were mixed, with rebar down 0.13%, hot-rolled coil down slightly 0.06%, wire rod (SWRcv1) up 0.18%, and stainless steel up 0.32%.

"The steel market focus has returned to seasonally weak fundamentals after the wave of expectations from price control commitments subsided. However, the possibility of a sharp price decline is low as there is no major imbalance between supply and demand at the moment," said Zhuo Guiqiu, an expert at brokerage Jinrui Futures.

Domestic steel prices

Steel prices in the North

According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 13,650 VND/kg; D10 CB300 ribbed steel bar is priced at 13,790 VND/kg.

Viet Y Steel brand, CB240 rolled steel line is priced at 13,890 VND/kg; D10 CB300 ribbed steel bar is priced at 13,990 VND/kg.

Viet Duc Steel, with CB240 coil steel line at 13,550 VND/kg, D10 CB300 ribbed steel bar is priced at 13,550 VND/kg.

Viet Sing Steel, with CB240 coil steel, is priced at VND13,690/kg; D10 CB300 ribbed steel is priced at VND13,580/kg.

VAS steel, with CB240 coil steel line at 13,740 VND/kg; D10 CB300 ribbed steel bar is priced at 13,740 VND/kg.

Steel prices in the Central region

Hoa Phat Steel, with CB240 coil steel line, is at 13,530 VND/kg; D10 CB300 ribbed steel bar is priced at 13,530 VND/kg.

Viet Duc Steel, currently CB240 rolled steel is at 14,050 VND/kg; D10 CB300 ribbed steel is priced at 14,000 VND/kg.

VAS steel, CB240 coil steel line is at 13,740 VND/kg; D10 CB300 ribbed steel bar is priced at 13,790 VND/kg.

Steel prices in the South

Hoa Phat Steel, CB240 rolled steel, at 13,790 VND/kg; D10 CB300 ribbed steel is priced at 13,740 VND/kg.

VAS steel, CB240 coil steel line is at 13,740 VND/kg; D10 CB300 ribbed steel bar is priced at 13,840 VND/kg.

Source: https://baolamdong.vn/gia-thep-hom-nay-9-7-quang-sat-phuc-hoi-381649.html