continue to return to an upward trend.

Standard steel prices on the Shanghai Futures Exchange posted an increase.

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 27 yuan to 3,705 yuan per ton.

Iron ore futures prices rose to their highest level in nearly two weeks, driven 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 iron ore contract for September on China's Dalian Commodity Exchange (DCE), DCIOcv1, rose 2.5% to 840 yuan ($115.58) per ton, its highest level since June 18.

The benchmark August iron ore price (SZZFQ4) on the Singapore exchange rose nearly 1.7% to $108.4 per ton, its highest level since June 20.

The manufacturing Purchasing Managers' Index (PMI) rose to 51.8 in June from 51.7 the previous month, marking the fastest increase since May 2021 and exceeding analysts' forecasts of 51.2.

The official manufacturing PMI was unchanged from May at 49.5 in June, data showed on Sunday, below the 50-point growth threshold separating it from contraction and in line with the median forecast of 49.5.

Analysts at Jinrui Futures said they expect hot metals production to fall significantly following Beijing's latest real estate stimulus package.

Last week, China's capital, Beijing, announced measures aimed at lowering home prices by cutting mortgage interest rates and minimum down payment requirements.

Additionally, some investors and traders are hoping for further stimulus measures from the long-delayed third plenary session of the central government, which is scheduled to be held from July 15-18.

Other steelmaking raw materials on the DCE also gained points, with DJMcv1 coking coal and DCJcv1 coking coal rising 2.8% and 3.3%, respectively.

Standard steel prices on the Shanghai Futures Exchange posted gains. Rebar SRBcv1 rose 0.7%, hot-rolled coil SHHCcv1 rose 0.6%, bar SWRcv1 rose nearly 0.8%, and stainless steel SHHSScv1 rose nearly 0.9%.

Everbright Futures stated in a report: "The likelihood of further steel price declines in the second half of this year is very limited due to valuations remaining relatively low and many mills operating at a loss."

Source: https://kinhtedothi.vn/gia-thep-hom-nay-ngay-2-7-tiep-tuc-tro-lai-muc-tang.html