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weak seasonal demand

Báo Kinh tế và Đô thịBáo Kinh tế và Đô thị22/07/2024


Rebar prices on the Shanghai Futures Exchange fell slightly.
Rebar prices on the Shanghai Futures Exchange fell slightly.
Steel prices in Northern Vietnam

According to SteelOnline.vn, Hoa Phat steel brand offers CB240 steel coils at 13,840 VND/kg; and D10 CB300 ribbed steel bars at 14,240 VND/kg.

Viet Y Steel brand offers CB240 steel coils at 13,940 VND/kg; D10 CB300 ribbed steel bars are priced at 14,140 VND/kg.

Viet Duc Steel, with its CB240 coiled steel at 13,840 VND/kg, and D10 CB300 ribbed steel bars at 14,290 VND/kg.

Viet Sing Steel offers CB240 steel coils at 13,700 VND/kg and D10 CB300 ribbed steel bars at 14,010 VND/kg.

VAS steel, with CB240 coiled steel at 13,800 VND/kg; D10 CB300 ribbed steel bar at 13,910 VND/kg.

Steel prices in Central Vietnam

Hoa Phat Steel, with its CB240 coiled steel at 13,890 VND/kg; and D10 CB300 ribbed steel at 14,240 VND/kg.

At Viet Duc Steel, the current price for CB240 steel coils is 14,240 VND/kg; and for D10 CB300 ribbed steel bars, it is 14,700 VND/kg.

Currently, VAS Steel offers CB240 steel coils at 14,110 VND/kg and D10 CB300 ribbed steel bars at 14,160 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 13,840 VND/kg; D10 CB300 ribbed steel bars are priced at 14,240 VND/kg.

VAS steel, CB240 coil steel, is priced at 13,800 VND/kg; D10 CB300 ribbed steel bar is priced at 13,910 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.

Rebar futures on the Shanghai Futures Exchange (SHFE) for July 2025 delivery fell 6 yuan to 3,630 yuan per ton.

The most actively traded September iron ore contract on China's Dalian Commodity Exchange (DCE) fell 0.19% to 804.5 yuan ($110.72) per ton, down 2.54% from Friday's close.

The contract hit a daily low of 792.5 yuan, its lowest level since June 26.

The benchmark August iron ore price on the Singapore exchange fell 0.99% to $104.45 per ton. It was down 2.33% from the previous week, the sharpest weekly decline since June 7th.

Most benchmark steel prices on the Shanghai Futures Exchange rose slightly. Hot-rolled coil and stainless steel both increased by about 0.1%, while rebar fell by 0.25%.

ANZ analysts said seasonal land sales are at multi-year lows, suggesting weak steel demand prospects, while Chinese iron ore inventories are at multi-year highs, signaling weak demand and strong supply.

Rising port inventories remain a drag, with total inventories at China's 45 major ports reaching a new high since mid-April 2022, up 0.9% from the previous week to 151.3 million tonnes as of July 18, according to data from consulting firm Mysteel.

ANZ analysts added that iron ore prices also fell after the Chinese summit failed to signal any major policy changes amid weak economic data.



Source: https://kinhtedothi.vn/gia-thep-hom-nay-ngay-22-7-giam-nhu-cau-theo-mua-yeu.html

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