Steel prices in the North
According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 13,640 VND/kg; D10 CB300 ribbed steel bar is priced at 13,840 VND/kg.
Viet Y steel brand, CB240 rolled steel line is priced at 13,640 VND/kg; D10 CB300 ribbed steel bar is priced at 13,740 VND/kg.
Viet Duc Steel, with CB240 coil steel line stopping at 13,580 VND/kg, D10 CB300 ribbed steel bar priced at 13,890 VND/kg.
Viet Sing Steel, with CB240 coil steel priced at 13,700 VND/kg; D10 CB300 ribbed steel bar priced at 14,010 VND/kg.
VAS steel, with CB240 coil steel line at 13,600 VND/kg; D10 CB300 ribbed steel bar is priced at 13,750 VND/kg.
Steel prices in the Central region
Hoa Phat Steel, with CB240 coil steel down to 13,640 VND/kg; D10 CB300 ribbed steel bar priced at 13,840 VND/kg.
Viet Duc Steel, currently CB240 coil steel is at 13,990 VND/kg; D10 CB300 ribbed steel is priced at 14,290 VND/kg.
VAS Steel currently sells CB240 coil steel at 14,010 VND/kg; D10 CB300 ribbed steel bar is priced at 13,960 VND/kg.
Pomina steel, with CB240 coil steel line at 14,280 VND/kg; D10 CB300 ribbed steel bar is priced at 14,480 VND/kg.
Steel prices in the South
Hoa Phat Steel, CB240 rolled steel is at 13,640 VND/kg; D10 CB300 ribbed steel is priced at 13,840 VND/kg.
VAS steel, CB240 coil steel line is at 13,600 VND/kg; D10 CB300 ribbed steel bar is priced at 13,700 VND/kg.
Pomina steel, CB240 coil steel line is at 14,080 VND/kg; D10 CB300 ribbed steel bar is priced at 14,380 VND/kg.
Steel prices on the exchange
Rebar on the Shanghai Futures Exchange (SHFE) for May 2025 delivery rose 45 yuan to 3,285 yuan/t.
Dalian iron ore rose for a second straight session, supported by continued gains in steel prices in top consumer China, although persistent doubts about the demand outlook amid a lack of strong stimulus measures capped gains.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 rose 0.85% to 708 yuan ($99.05) a tonne.
However, benchmark September iron ore SZZFU4 on the Singapore Exchange fell 0.4% to $94.25 a tonne, following a rally on Monday and a stronger dollar.
Steel benchmarks on the Shanghai Futures Exchange continued to rise, boosting sentiment and supporting prices of key steelmaking raw materials including iron ore.
Rebar SRBcv1 increased by 1.09%, hot rolled coil SHHCcv1 increased by 0.82%, wire rod SWRcv1 increased by 0.8% and stainless steel SHSScv1 increased slightly by 0.15%.
But analysts doubt the sustainability of the rally, citing unfavorable fundamentals and a lack of fiscal stimulus that has clouded the demand outlook in the coming months.
According to analysts at Galaxy Futures, the supply pressure of the main steelmaking component has eased somewhat, but there are still no signs of improvement on the demand side, and July data shows that downstream steel demand has not improved.
“Ore demand is falling faster than supply, making it difficult to maintain a balance between supply and demand,” analysts at Sinosteel Futures said in a note, adding that mills showed more interest in lower-grade ore amid thin margins.
China kept its benchmark lending rate unchanged at a monthly fixed rate on Tuesday, in line with market expectations.
“Beijing’s reluctance to roll out large fiscal stimulus measures is likely to hold back demand in the near term,” ANZ analysts said in a note.
Other steelmaking components on the DCE were mixed, with coking coal DJMcv1 down 0.9% while coking coal DCJcv1 rose 1.73%.
Source: https://kinhtedothi.vn/gia-thep-hom-nay-21-8-tiep-da-tang-tren-san-giao-dich.html
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