slightly increased during the crisis.

Rebar futures prices for May 2024 delivery rose slightly on the Shanghai Futures Exchange.

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 May 2025 delivery rose by 1 yuan to 3,706 yuan per ton.

Iron ore futures prices rose, supported by better-than-expected factory data in top consumer China and hopes of further stimulus measures in the world's second-largest economy later this month.

The most actively traded September iron ore contract on China's Dalian Commodity Exchange (DCE) traded 1.2% higher at 829 yuan ($114.06) per ton.

The benchmark iron ore price for August delivery on the Singapore exchange rose nearly 0.6% to $107.2 per ton.

The Latin American steel industry is facing a crisis due to unfair trade practices by China, which have flooded the market with cheap steel. This situation threatens the jobs and livelihoods of producers in the region.

According to Henry Zimer, a researcher at the Center for Strategic and International Studies (CSIS), the downturn in China's real estate and construction markets has led to a decline in domestic steel demand, forcing Chinese steel producers to rely on other markets to fill the gap. And as the US market becomes increasingly unfavorable for Chinese steel producers, they are now shifting their attention to Latin America.

China's strategy of selling products below market price has led to dumping practices that severely impact the region. Mexico, Chile, and Brazil have significantly increased tariffs on imported Chinese steel to protect their domestic companies, and other countries in the region are likely to follow suit.

Previously, the Latin American Steel Association (Alacero) pointed out that steel products from China were "unfairly competing" with the domestic steel industry, causing some companies in the region to freeze or temporarily suspend operations, a situation that sets the stage for deindustrialization in the region.

Furthermore, experts point out that the quality and environmental standards in Chinese steel production are not taken into account by buyers in Latin America, who are primarily focused on price reductions to the disadvantage of local industries.

The imposition of tariffs on Chinese steel also highlights the risk of trade tensions between Latin American countries and China, with the possibility of retaliation from China.

According to Ziemer, China produces more steel than the next nine producing countries combined, giving it a powerful tool to influence prices and local economies. However, the fact that the latest round of safeguard measures affected countries like Chile and Mexico could give the U.S. an opportunity to coordinate efforts with Latin American countries to mitigate China's unfair trade practices and protect national industries.

Previously, India's Ministry of Steel and Commerce was engaged in a dialogue on increasing imports of steel products, particularly Chinese steel, amid ongoing calls from steel companies for increased tariffs. China has remained India's largest exporter of steel in recent months.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-ngay-3-7-tang-nhe-trong-luc-thi-truong-khung-hoang.html