Steel prices in Northern Vietnam
According to SteelOnline.vn, Hoa Phat steel brand offers CB240 steel coils at 13,940 VND/kg; and D10 CB300 ribbed steel bars at 14,440 VND/kg.
Viet Y Steel brand, CB240 coiled steel is priced at 14,090 VND/kg; D10 CB300 ribbed steel bar is priced at 14,340 VND/kg.
Viet Duc Steel offers CB240 steel coils at 14,040 VND/kg and D10 CB300 ribbed steel bars at 14,540 VND/kg.
Viet Sing Steel, with CB240 steel coils priced at 13,850 VND/kg, and D10 CB300 ribbed steel bars maintaining a price of 14,210 VND/kg.
VAS steel prices have dropped to 14,160 VND/kg for CB240 coiled steel and 14,110 VND/kg for D10 CB300 ribbed steel bars.
Steel prices in Central Vietnam
Hoa Phat Steel maintains its CB240 coil steel price at 13,990 VND/kg; D10 CB300 ribbed steel bars are priced at 14,440 VND/kg.
At Viet Duc Steel, the current price for CB240 steel coils is 14,490 VND/kg; and for D10 CB300 ribbed steel bars, it is 14,900 VND/kg.
VAS Steel currently offers CB240 steel coils at 14,210 VND/kg and D10 CB300 ribbed steel bars at 14,260 VND/kg.
Pomina Steel, with its CB240 coiled steel at 14,690 VND/kg; and D10 CB300 ribbed steel bars at 15,300 VND/kg.
Steel prices in Southern Vietnam
Hoa Phat Steel: CB240 steel coils are priced at 13,990 VND/kg; D10 CB300 ribbed steel bars are priced at 14,440 VND/kg.
VAS steel, CB240 coil steel, is priced at 14,310 VND/kg; D10 CB300 ribbed steel bar is priced at 14,210 VND/kg.
Pomina steel, CB240 coiled steel is priced at 14,590 VND/kg; D10 CB300 ribbed steel bar is priced at 14,990 VND/kg.
Steel prices on the exchange.
The price of rebar futures on the Shanghai Futures Exchange (SHFE) for October 2024 delivery fell by 2 yuan to 3,535 yuan per ton.
Iron ore futures prices are volatile but are heading toward weekly gains, boosted by the latest property stimulus package and steady demand for the key steelmaking raw material in top consumer China, although persistently high inventories have limited the gains.
The most actively traded September iron ore contract on China's Dalian Commodity Exchange (DCE), DCIOcv1, remained unchanged at 823.5 yuan ($113.31) per ton. It has risen 0.3% this week.
The benchmark August iron ore futures contract, designated SZZFQ4, on the Singapore exchange rose 0.86% to $106.15 per ton, up 1% from the previous week.
China's capital, Beijing, has joined three other leading cities in reducing home purchase costs by cutting mortgage interest rates and minimum down payment ratios.
ANZ analysts said: “These latest measures could boost residential property transactions and help alleviate the worst of the housing oversupply situation at a time when domestic inventory is being released.”
Data from consulting firm Mysteel shows that the average daily output of hot metal from surveyed steelmakers remained relatively high, at around 2.39 million tonnes as of June 27, despite a weekly decline of 0.2%.
However, port inventories remained high, rising 0.3% to 149.26 million tons, limiting the potential for price increases.
Other steelmaking raw materials at DCE stockpile, with DJMcv1 coking coal and DCJcv1 coking coal, decreased by 0.1% and 0.55% respectively.
Steel prices on the Shanghai Futures Exchange fell. Rebar SRBcv1 declined 0.2%, hot-rolled coil SHHCcv1 fell 0.1%, bar SWRcv1 fell 0.6%, and stainless steel SHHSScv1 remained unchanged.
Source: https://kinhtedothi.vn/gia-thep-hom-nay-ngay-29-6-giam-nhe-tren-san-giao-dich.html
