decrease due to increased supply

Steel prices in Northern Vietnam

According to SteelOnline.vn, Hoa Phat steel brand offers CB240 steel coils at 13,580 VND/kg; and D10 CB300 ribbed steel bars at 13,790 VND/kg.

Viet Y Steel brand offers CB240 steel coils at 13,530 VND/kg; D10 CB300 ribbed steel bars are priced at 13,640 VND/kg.

Viet Duc Steel offers CB240 steel coils at 13,530 VND/kg and D10 CB300 ribbed steel bars at 13,890 VND/kg.

Viet Sing Steel offers CB240 steel coils at 13,500 VND/kg and D10 CB300 ribbed steel bars at 13,700 VND/kg.

VAS steel, with CB240 coiled steel at 13,500 VND/kg; D10 CB300 ribbed steel bar at 13,600 VND/kg.

Steel prices in Central Vietnam

Hoa Phat Steel's CB240 coiled steel is priced at 13,580 VND/kg; D10 CB300 ribbed steel bars are priced at 13,790 VND/kg.

At Viet Duc Steel, the current price for CB240 steel coils is 13,990 VND/kg; and for D10 CB300 ribbed steel bars, it is 14,190 VND/kg.

Currently, VAS Steel offers CB240 steel coils at 13,650 VND/kg and D10 CB300 ribbed steel bars at 13,700 VND/kg.

Pomina Steel, with its CB240 coiled steel at 14,180 VND/kg; and D10 CB300 ribbed steel bars at 14,180 VND/kg.

Steel prices in Southern Vietnam

Hoa Phat Steel: CB240 steel coils are priced at 13,580 VND/kg; D10 CB300 ribbed steel bars have decreased to 13,790 VND/kg.

VAS steel, CB240 coil steel, is priced at 13,500 VND/kg; D10 CB300 ribbed steel bar is priced at 13,600 VND/kg.

Pomina steel, CB240 coiled steel is priced at 13,970 VND/kg; D10 CB300 ribbed steel bar is priced at 13,970 VND/kg.

Steel prices on the exchange.

Rebar futures on the Shanghai Futures Exchange (SHFE) for May 2025 delivery rose 57 yuan to 3,440 yuan per ton.

Iron ore futures prices in Dalian fell due to more abundant supplies of steelmaking raw materials and a gloomier outlook for the global steel market.

China's most actively traded January iron ore contract, DCIOcv1, on the Dalian Commodity Exchange (DCE), rose 1.39% to 746.5 yuan ($104.91) per ton.

However, the benchmark November iron ore price SZZFX4 on the Singapore exchange rose 0.14% to $98.85 per ton.

Production reports from major mining companies show they have overcome supply disruptions to increase output in recent months, while steel output is declining, ANZ analysts said in a note.

Fortescue of Australia, the world's fourth-largest iron ore miner, announced a 4% increase in iron ore shipments in the first quarter on Thursday but noted a decline in real prices.

These figures follow higher-than-expected production estimates from other leading producers, including BHP, and come at a time when rivals such as Vale and Rio Tinto are making moves to expand supply.

Data from the World Steel Association shows that China's crude steel output fell to 77.1 million tonnes in September, down 6.1% from the previous month and down 3.1% year-on-year.

Data from the Japan Iron and Steel Federation shows that Japan's crude steel output in September fell 3.6% compared to August and 5.8% compared to the same period last year.

According to consulting firm Mysteel, unless Japanese output increases in the coming months, total output for the current fiscal year ending next March could fall to its lowest level in four years.

Analysts at Westpac say there is likely to be less support for iron ore once announcements of Chinese stimulus measures subside.

Other steelmaking components on the DCE were weaker, with DJMcv1 coking coal and DCJcv1 coking coal declining by 0.97% and 1.8%, respectively.

Steel benchmarks on the Shanghai Futures Exchange fell. Rebar SRBcv1 dropped 0.57%, hot-rolled coil SHHCcv1 fell 0.63%, while bar SWRcv1 and stainless steel SHHSScv1 declined by nearly 1.0%.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-25-10-giam-do-nguon-cung-tang.html