Domestic prices increase

Many domestic brands are adjusting steel prices.

Steel prices in Northern Vietnam

According to SteelOnline.vn, Hoa Phat steel brand has increased its selling prices, with CB240 coiled steel priced at 13,790 VND/kg; and D10 CB300 ribbed steel bars priced at 13,990 VND/kg.

Viet Y Steel brand offers CB240 steel coils at 13,530 VND/kg; D10 CB300 ribbed steel bars are priced at 13,640 VND/kg.

Viet Duc Steel offers CB240 steel coils at 13,580 VND/kg and D10 CB300 ribbed steel bars at 14,120 VND/kg.

Viet Sing Steel offers CB240 steel coils at 13,550 VND/kg and D10 CB300 ribbed steel bars at 14,010 VND/kg.

VAS steel, with CB240 coiled steel at 13,550 VND/kg; D10 CB300 ribbed steel bar at 13,850 VND/kg.

Steel prices in Central Vietnam

Hoa Phat Steel has adjusted its prices upwards, with CB240 coiled steel priced at 13,790 VND/kg; and D10 CB300 ribbed steel bars priced at 13,990 VND/kg.

At Viet Duc Steel, the current price for CB240 steel coils is 13,890 VND/kg; and for D10 CB300 ribbed steel bars, it is 14,420 VND/kg.

Currently, VAS Steel offers CB240 steel coils at 13,850 VND/kg and D10 CB300 ribbed steel bars at 14,010 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 13,690 VND/kg; D10 CB300 ribbed steel bars have decreased to 13,999 VND/kg.

VAS steel, CB240 coil steel, is priced at 13,550 VND/kg; D10 CB300 ribbed steel bar is priced at 13,850 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 fell 3 yuan to 3,547 yuan per ton.

Dalian iron ore futures prices relinquished initial gains to slightly lower levels, as weaker global steel demand prospects and weaker Chinese economic data overshadowed hopes for further stimulus from the world's leading metal consumer.

The most actively traded iron ore contract for January on China's Dalian Commodity Exchange (DCE), DCIOcv1, was down 0.38% at 791.5 yuan ($111.26) per ton.

The benchmark iron ore price for November delivery, SZZFX4, on the Singapore exchange fell 1.43% to $106.05 per ton.

Global steel demand is expected to decline in 2024 for the third consecutive year due to continued weak production and economic growth, the World Steel Association said on Monday as it lowered its outlook.

China's steel demand is expected to fall by 3% this year and by a further 1% in 2025, the group said.

Recent economic data from China, including trade and new lending figures for September, fell short of expectations, raising concerns that the economy may not meet its 5% growth target this year and will struggle to combat deflationary pressures.

Meanwhile, steel exports in September reached their highest level since 2016, at 10.2 million tonnes, with exports year-to-date up 21% year-on-year, according to ANZ analysts.

"Strong external demand has driven steel exports, but any weakness in overseas markets would be a hindrance," ANZ analysts said in a note.

Trade data suggests export demand may be slowing, while sluggish domestic demand continues to drag down imports, ING analysts said, adding that they still expect Beijing to push for robust fiscal stimulus.

Other steelmaking components on the DCE lost momentum, with DJMcv1 coking coal and DCJcv1 coking coal falling 1.28% and 0.62%, respectively.

Steel benchmarks on the Shanghai Futures Exchange were weaker. Stainless steel SHSCv1 fell about 1.2%, rebar SRBcv1 and hot-rolled coil SHHCcv1 fell about 0.7%, and wire steel SWRcv1 fell 0.4%.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-16-10-trong-nuoc-tang-gia-ban.html