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Iron ore falls on tariff concerns

Báo Kinh tế và Đô thịBáo Kinh tế và Đô thị07/03/2025


Iron ore futures fall on trade concerns and reports of steel output cuts.
Iron ore futures fall on trade concerns and reports of steel output cuts.
Steel prices in the North

According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 13,480 VND/kg; D10 CB300 ribbed steel bar is priced at 13,580 VND/kg.

Viet Y steel brand, CB240 rolled steel line is priced at 13,580 VND/kg; D10 CB300 ribbed steel bar is priced at 13,690 VND/kg.

Viet Duc Steel, with CB240 coil steel line at 13,430 VND/kg, D10 CB300 ribbed steel bar is priced at 13,740 VND/kg.

Viet Sing Steel, with CB240 coil steel, is priced at VND13,430/kg; D10 CB300 ribbed steel is priced at VND13,640/kg.

VAS steel, with CB240 coil steel line at 13,330 VND/kg; D10 CB300 ribbed steel bar is priced at 13,380 VND/kg.

Steel prices in the Central region

Hoa Phat Steel, with CB240 coil steel line, is at 13,530 VND/kg; D10 CB300 ribbed steel bar is priced at 13,640 VND/kg.

Viet Duc Steel, currently CB240 coil steel is at 13,840 VND/kg; D10 CB300 ribbed steel is priced at 14,140 VND/kg.

VAS steel, CB240 coil steel line is at 13,740 VND/kg; D10 CB300 ribbed steel bar is priced at 13,790 VND/kg.

Steel prices in the South

Hoa Phat Steel, CB240 rolled steel, at 13,690 VND/kg; D10 CB300 ribbed steel is priced at 13,840 VND/kg.

VAS steel, CB240 coil steel line is at 13,380 VND/kg; D10 CB300 ribbed steel bar is priced at 13,480 VND/kg.

Steel prices on the exchange

Rebar on the Shanghai Futures Exchange (SHFE) for October 2025 delivery fell 5 yuan to 3,337 yuan/t.

Iron ore futures fell as trade concerns and reports of steel output cuts overshadowed additional stimulus measures to boost consumption in China.

The most-traded iron ore contract for May delivery on China's Dalian Commodity Exchange (DCE) closed down 0.45 percent at 773 yuan ($106.78) a tonne.

Benchmark iron ore for April delivery on the Singapore Exchange rose 0.49% to $100.25 a tonne.

“A trade war would be challenging for the market, as lost export demand in China could hurt iron ore demand,” ANZ analysts said.

China has unlocked more fiscal stimulus measures, promising further efforts to support consumption and ease the impact of an escalating trade war with the United States.

Meanwhile, in March, average daily molten iron output is expected to rise to around 2.329 million tonnes, brokerage Hexun Futures said, adding that demand for the steelmaking material has recovered in China.

However, news of steel production cuts has added to the downward pressure on prices, Hexun said.

China will restructure its giant steel industry through output cuts, although it did not announce any targets in its latest intervention to tackle overcapacity in the sector.

Other steelmaking components on the DCE lost ground, with coking coal down 0.42% and 0.58% respectively.

Other steel benchmarks on the Shanghai Futures Exchange rose. Rebar rose about 0.4%, hot-rolled coil rose 0.35%, stainless steel rose 1.28%, while steel bars rose 0.09%.



Source: https://kinhtedothi.vn/gia-thep-hom-nay-7-3-quang-sat-giam-vi-noi-lo-thue-quan.html

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