Steel prices in Northern Vietnam
According to SteelOnline.vn, Hoa Phat steel brand offers CB240 steel coils at 13,480 VND/kg; and D10 CB300 ribbed steel bars at 13,580 VND/kg.
Viet-Italian steel brand, CB240 coiled steel is priced at 13,430 VND/kg; D10 CB300 ribbed steel bar is priced at 13,400 VND/kg.
Viet Duc Steel offers CB240 steel coils at 13,430 VND/kg and D10 CB300 ribbed steel bars at 13,690 VND/kg.
Viet Sing Steel offers CB240 steel coils at 13,300 VND/kg and D10 CB300 ribbed steel bars at 13,600 VND/kg.
VAS steel, with CB240 coiled steel at 13,350 VND/kg; D10 CB300 ribbed steel bar at 13,600 VND/kg.
Steel prices in Central Vietnam
Hoa Phat Steel, with its CB240 coiled steel at 13,480 VND/kg; and D10 CB300 ribbed steel at 13,580 VND/kg.
At Viet Duc Steel, the current price for CB240 steel coils is 13,740 VND/kg; and for D10 CB300 ribbed steel bars, it is 13,990 VND/kg.
Currently, VAS Steel offers CB240 steel coils at 13,650 VND/kg and D10 CB300 ribbed steel bars at 13,450 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 13,640 VND/kg; D10 CB300 ribbed steel bars have decreased to 13,580 VND/kg.
VAS steel, CB240 coil steel, is priced at 13,350 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 June 2025 delivery rose 113 yuan to 3,499 yuan per ton.
Iron ore futures prices rose for the fourth consecutive session and reached a four-week high, heading for a weekly gain of more than 10%, supported by several interest rate cuts in top consumer China and expectations of further fiscal stimulus measures.
The most actively traded January iron ore contract on China's Dalian Commodity Exchange (DCE), DCIOcv1, rose 4.24% to 753.5 yuan ($107.44) per ton, its highest level since September 2. The contract has gained 12.7% so far this week.
The benchmark October iron ore contract SZZFV4 on the Singapore exchange rose 4.09% to $102.55 per ton, its highest level since August 30. The contract has gained 14.6% so far this week.
China's central bank had previously announced it would cut the reserve requirement ratio (RRR) – the amount of cash banks must hold as reserves – by 50 basis points, the second cut this year aimed at boosting slowing economic growth.
In addition, Chinese leaders' commitment on Thursday to deploy "necessary fiscal spending" to meet this year's economic growth target of around 5% has raised market expectations for further fiscal stimulus measures.
China also plans to issue special government bonds worth approximately 2 trillion yuan this year as part of a new fiscal stimulus measure.
Analysts believe this week's aggressive stimulus package stems from increasing pressure to meet annual growth targets following a series of disappointing economic data, particularly in the third quarter.
Official data shows that China's industrial profits returned to sharp declines in August, the biggest drop this year.
Other steelmaking components on the DCE rose to multi-week highs, with DJMcv1 coking coal and DCJcv1 coking coal increasing by 5.24% and 4.15%, respectively.
Most steel benchmarks on the Shanghai Futures Exchange also recorded gains. Rebar SRBcv1 rose 2.7%, hot-rolled coil SHHCcv1 increased 3.03%, stainless steel SHHSScv1 edged up 0.78%, while bar SWRcv1 fell 1.77%.
Source: https://kinhtedothi.vn/gia-thep-hom-nay-28-9-tiep-tiep-ghi-nhan-muc-tang.html
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