Steel prices in the North
According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 13,580 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 13,530 VND/kg; D10 CB300 ribbed steel bar is priced at 13,640 VND/kg.
Viet Duc Steel, with CB240 coil steel line at 13,530 VND/kg, D10 CB300 ribbed steel bar is priced at 13,890 VND/kg.
Viet Sing Steel, with CB240 coil steel priced at 13,500 VND/kg; D10 CB300 ribbed steel bar priced at 13,700 VND/kg.
VAS steel, with CB240 coil steel line at 13,500 VND/kg; D10 CB300 ribbed steel bar is priced at 13,600 VND/kg.
Steel prices in the Central region
Hoa Phat Steel, with CB240 coil steel down to 13,580 VND/kg; D10 CB300 ribbed steel bar priced at 13,790 VND/kg.
Viet Duc Steel, currently CB240 coil steel is at 13,990 VND/kg; D10 CB300 ribbed steel is priced at 14,190 VND/kg.
VAS Steel currently sells CB240 coil steel at 13,650 VND/kg; D10 CB300 ribbed steel bar is priced at 13,700 VND/kg.
Pomina steel, with CB240 coil steel line at 14,180 VND/kg; D10 CB300 ribbed steel bar is priced at 14,180 VND/kg.
Steel prices in the South
Hoa Phat Steel, CB240 rolled steel at 13,580 VND/kg; D10 CB300 ribbed steel reduced to 13,790 VND/kg.
VAS steel, CB240 coil steel line is at 13,500 VND/kg; D10 CB300 ribbed steel bar is priced at 13,600 VND/kg.
Pomina steel, CB240 coil steel line is at 13,970 VND/kg; D10 CB300 ribbed steel bar is priced at 13,970 VND/kg.
Steel prices on the exchange
Rebar on the Shanghai Futures Exchange (SHFE) for May 2025 delivery fell 60 yuan to 3,403 yuan/t.
Iron ore futures fell, as investors turned cautious amid continued weakness in demand and ahead of a closely watched fiscal stimulus package unveiled by top consumer China.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) fell 1.65% to 776 yuan ($108.45) a tonne.
Benchmark iron ore for December delivery on the Singapore Exchange fell 2.16% to $103.25 a tonne.
With uncertainty over the US presidential election fading, markets are awaiting details on China's fiscal spending, analysts said.
Some market observers expect most of the funds will be used to ease local government debt burdens and will not provide much of a boost to economic growth in the short term.
“We expect the impact from macroeconomic factors to gradually ease and prices in the iron ore market will reflect more fundamental influences,” analysts at Sinosteel Futures said.
Continued weakness in demand for key steelmaking ingredients and persistently high imports have led to continued build-up of port inventories, putting pressure on prices.
Average daily hot metal output fell 0.6 percent for a second straight week to 2.34 million tonnes as of Nov. 8, while steelmakers' margins fell for a third straight week to 59.74, a survey by consultancy Mysteel showed.
Concerns about a disruption to the Federal Reserve's easing cycle if Trump wins the US presidential election also weighed on stocks.
“With Trump now set to regain the presidency, expectations are growing that the US Federal Reserve (Fed) will not cut as aggressively as it has in the past,” ANZ analysts said.
Other steelmaking components on the DCE were mixed, with coking coal down 0.26% and coke up 0.1%.
Source: https://kinhtedothi.vn/gia-thep-hom-nay-9-11-giam-manh-tren-san-giao-dich.html
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