decrease, narrowing the sharp increase.

The gains in steel benchmarks on the Shanghai Futures Exchange have narrowed considerably.

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 90 yuan to 3,552 yuan per ton.

Iron ore futures prices surged as some investors liquidated long positions to lock in profits, with some analysts saying China, the top consumer, fell short of expectations when it announced more aggressive stimulus measures at a press conference.

China's most actively traded January iron ore contract, DCIOcv1, on the Dalian Commodity Exchange (DCE), fell 2.37% to 783.5 yuan ($111.15) per ton.

Prices hit their highest level since July 8th at 844.5 yuan/tonne early in the session, driven by hopes of more stimulus measures.

The benchmark November iron ore price SZZFX4 on the Singapore exchange fell 4.97% to $105.25 per ton, its lowest level since September 30.

Prices reached their highest level since June 3rd at $115/tonne earlier in the day; they rose 2.5% as the Chinese market closed for a holiday.

China is "fully confident" of achieving its full-year economic targets, a state planner said at a press briefing in Beijing on Tuesday.

Pei Hao, an analyst at international brokerage firm Freight Investor Services, said: "The long-awaited conference this morning did not give the expected signal of a stronger stimulus package. As a result, some (traders) have partially liquidated their long positions to take profits."

A series of monetary easing policies and real estate stimulus measures in the world's second-largest economy over the past two weeks has caused the price of a key steelmaking component to rise by more than 20%.

Chinese home sales have risen following a series of real estate stimulus measures aimed at boosting the country's struggling property market since late September, state media reported on Saturday.

In addition, moves by Chinese regulators to urge financial institutions to strengthen internal controls on leverage and prevent bank loans from illegally entering the stock market also put pressure on overall sentiment.

Other steelmaking components on the DCE erased earlier gains, with DJMcv1 coking coal and DCJcv1 coking coal falling 0.77% and 1.61%, respectively.

The gains for steel benchmarks on the Shanghai Futures Exchange narrowed significantly. Rebar SRBcv1 rose 0.43%, hot-rolled coil SHHCcv1 gained 1.07%, and stainless steel SHHSScv1 increased 1.6%. Bar SWRcv1 surged 8.1%.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-9-10-giam-thu-hep-muc-tang-manh.html