Steel prices in the North

According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 13,840 VND/kg; D10 CB300 ribbed steel bar is priced at 14,240 VND/kg.

Viet Y Steel brand, CB240 rolled steel line is priced at 13,940 VND/kg; D10 CB300 ribbed steel bar is priced at 14,140 VND/kg.

Viet Duc Steel, with CB240 coil steel line stopping at 13,840 VND/kg, D10 CB300 ribbed steel bar priced at 14,290 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 13,800 VND/kg; D10 CB300 ribbed steel bar is priced at 13,910 VND/kg.

Steel prices in the Central region

Hoa Phat Steel, with CB240 coil steel down to 13,890 VND/kg; D10 CB300 ribbed steel bar priced at 14,240 VND/kg.

Viet Duc Steel, currently CB240 coil steel is at 14,240 VND/kg; D10 CB300 ribbed steel is priced at 14,700 VND/kg.

VAS Steel currently sells CB240 coil steel at 14,110 VND/kg; D10 CB300 ribbed steel bar is priced at 14,160 VND/kg.

Pomina steel, with CB240 coil steel line at 14,690 VND/kg; D10 CB300 ribbed steel bar is priced at 15,300 VND/kg.

Steel prices in the South

Hoa Phat Steel, CB240 rolled steel is at 13,840 VND/kg; D10 CB300 ribbed steel is priced at 14,240 VND/kg.

VAS steel, CB240 coil steel line is at 13,800 VND/kg; D10 CB300 ribbed steel bar is priced at 13,910 VND/kg.

Pomina steel, CB240 coil steel line is at 14,590 VND/kg; D10 CB300 ribbed steel bar is priced at 14,990 VND/kg.

Steel prices on the exchange

Rebar on the Shanghai Futures Exchange (SHFE) for June 2025 delivery fell 16 yuan to 3,523 yuan/t.

Iron ore futures fell as steelmakers in top consumer China suffered further losses leading to production cuts and persistently high port inventories weighed on sentiment.

The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) fell 0.97% to 766.5 yuan ($107.18) a tonne, after rising nearly 2% on Monday.

Benchmark iron ore for September delivery on the Singapore Exchange fell 0.64% to $103.15 a tonne.

Prices of key steelmaking raw materials were hit by a drop in short-term buying demand after many Chinese steelmakers posted losses.

“We expect hot metal output to fall more significantly this week as many mills are running at a loss… and the iron ore market has not yet entered a sell-off cycle,” analysts at Galaxy Futures said in a note.

Average daily hot metal output at surveyed steelmakers fell 1.2% on the week to about 2.36 million tonnes in the week to Aug. 2, the lowest since early June, while margins fell to 6.5% from 15% the previous week, data from consultancy Mysteel showed.

Iron ore hits 2-week high

“This is a normal downward correction after a rapid rally when fundamentals are not supportive,” said Cheng Peng, an analyst at Beijing-based Sinosteel Futures.

Other steelmaking components on the DCE also lost ground, with coking coal and coke down 0.85% and 0.62%, respectively.

Most steel benchmarks on the Shanghai Futures Exchange fell. Rebar fell 0.65%, hot-rolled coil fell 0.28%, stainless steel fell 1.17% while rebar rose 0.53%.

Investors and traders are awaiting guidance from a slew of key trading data due out on Wednesday.