sharp drop on the stock exchange

Steel futures prices on the exchange fell sharply across the board.

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 fell 60 yuan to 3,403 yuan per ton.

Iron ore futures prices fell as investors remained cautious amid persistently declining demand and ahead of China, the top consumer, announcing a closely watched fiscal stimulus package.

The most actively traded January iron ore contract on China's Dalian Commodity Exchange (DCE) fell 1.65% to 776 yuan ($108.45) per ton.

The benchmark December iron ore price on the Singapore exchange fell 2.16% to $103.25 per ton.

Analysts say that with uncertainty surrounding the US presidential election fading, the market is awaiting details on China's fiscal spending.

Some market observers expect most of the funds to be used to alleviate the debt burden of local governments and will not significantly boost economic growth in the short term.

Analysts at Sinosteel Futures stated: "We expect the impact of macroeconomic factors to gradually diminish, and iron market prices will increasingly reflect the influence of fundamental factors."

Demand for key steelmaking components continues to decline, and persistently high import levels have led to a continued increase in port inventories, putting pressure on prices.

Average daily hot metal output fell 0.6% for the second consecutive week to 2.34 million tonnes as of November 8, while steelmakers' profits declined for the third consecutive week to 59.74, according to a survey by consulting firm Mysteel.

Concerns about disruptions to the Federal Reserve's easing cycle should Trump win the US presidential election also put downward pressure.

ANZ analysts said, "With Trump now poised to win back the presidency, there is growing expectation that the Federal Reserve will not cut interest rates as aggressively as it did before."

Other steelmaking components on the DCE showed mixed results, with coking coal down 0.26% and coke up 0.1%.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-9-11-giam-manh-บน-san-giao-dich.html