The upward trend continues on the stock exchange.

Steel benchmarks on the Shanghai Futures Exchange continued to rise.

Steel prices in Northern Vietnam

According to SteelOnline.vn, Hoa Phat steel brand offers CB240 steel coils at 13,640 VND/kg; and D10 CB300 ribbed steel bars at 13,840 VND/kg.

Viet Y Steel brand offers CB240 steel coils at 13,640 VND/kg; D10 CB300 ribbed steel bars are priced at 13,740 VND/kg.

Viet Duc Steel, with its CB240 coiled steel at 13,580 VND/kg, and D10 CB300 ribbed steel bars at 13,890 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 13,600 VND/kg; D10 CB300 ribbed steel bar at 13,750 VND/kg.

Steel prices in Central Vietnam

Hoa Phat Steel's CB240 coiled steel is priced at 13,640 VND/kg; D10 CB300 ribbed steel bars are priced at 13,840 VND/kg.

Viet Duc Steel currently offers CB240 steel coils at 13,990 VND/kg and D10 CB300 ribbed steel bars at 14,290 VND/kg.

Currently, VAS Steel offers CB240 steel coils at 14,010 VND/kg and D10 CB300 ribbed steel bars at 13,960 VND/kg.

Pomina Steel, with its CB240 coiled steel at 14,280 VND/kg; and D10 CB300 ribbed steel bars at 14,480 VND/kg.

Steel prices in Southern Vietnam

Hoa Phat Steel: CB240 steel coils are priced at 13,640 VND/kg; D10 CB300 ribbed steel bars are priced at 13,840 VND/kg.

VAS steel, CB240 coil steel, is priced at 13,600 VND/kg; D10 CB300 ribbed steel bar is priced at 13,700 VND/kg.

Pomina steel, CB240 coiled steel, is priced at 14,080 VND/kg; D10 CB300 ribbed steel bar is priced at 14,380 VND/kg.

Steel prices on the exchange.

Rebar futures on the Shanghai Futures Exchange (SHFE) for May 2025 delivery rose 45 yuan to 3,285 yuan per ton.

Dalian iron ore prices rose for a second consecutive session, supported by persistently rising steel prices in top consumer China, although lingering doubts about demand prospects amid a lack of strong stimulus measures limited gains.

The most actively traded January iron ore contract on China's Dalian Commodity Exchange (DCE), DCIOcv1, rose 0.85% to 708 yuan ($99.05) per ton.

However, the September benchmark iron ore contract SZZFU4 on the Singapore exchange fell 0.4% to $94.25 per ton, following Monday's price increase and a stronger US dollar.

Steel benchmarks on the Shanghai Futures Exchange continued to rise, boosting sentiment and supporting prices of key steelmaking raw materials, including iron ore.

SRBcv1 rebar increased by 1.09%, SHHCcv1 hot-rolled coil increased by 0.82%, SWRcv1 wire rod increased by 0.8%, and SHHSScv1 stainless steel increased slightly by 0.15%.

However, analysts doubt the sustainability of the price surge, citing unfavorable fundamentals and the lack of fiscal stimulus measures which have clouded demand prospects in the coming months.

According to analysts at Galaxy Futures, supply pressure on key steelmaking components has eased somewhat, but there are still no signs of improvement on the demand side, and July data suggests downstream steel demand has not yet improved.

Analysts at Sinosteel Futures said in a note that "Demand for ore is falling faster than supply, making it difficult to maintain a balance between supply and demand," adding that mills are showing more interest in lower-grade ore amid thin profit margins.

China kept its benchmark lending rate unchanged on Tuesday, in line with market expectations.

"Beijing's reluctance to roll out large-scale fiscal stimulus measures is likely to restrain demand in the near future," ANZ analysts said in a note.

Other steelmaking components on the DCE showed mixed performance, with DJMcv1 coking coal down 0.9% while DCJcv1 coking coal rose 1.73%.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-21-8-tiep-da-tang-บน-san-giao-dich.html