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 May 2025 delivery fell 27 yuan to 3,391 yuan/t.

Iron ore futures fell, dragged down by rising supply pressure, while traders assessed soft steel demand in top consumer China with weak construction activities weighing on domestic demand.

The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) fell 1.62 percent to 730 yuan ($101.65) a tonne.

The contract hit an intraday low of 725.5 yuan a tonne, its lowest since Aug. 15, 2023.

Benchmark iron ore for September delivery on the Singapore Exchange fell 1.93% to $98.95 a tonne, after hitting its lowest since July 31 at $98.45 a tonne earlier in the session.

"Supply pressure is rising amid continued increases in shipments. The pace of new special bonds issuance in July remained slow, weakening expectations for (steel demand from) the infrastructure sector," analysts at Everbright Futures said in a note.

Special bonds are often used to finance infrastructure projects.

Ore demand will continue to fall as plunging profits among steelmakers have fueled a wave of production shutdowns, according to analysts at First Futures.

Data from consultancy Mysteel shows that about 95% of Chinese steelmakers are operating at a loss.

Other steelmaking components on the DCE lost market share, with coking coal and petrochemical coal down 2.43% and 3.09% respectively.

Steel benchmarks on the Shanghai Futures Exchange posted losses amid weak demand. Rebar fell 1.83%, hot-rolled coil fell 2.06%, steel bars fell 1.83% and stainless steel fell 1.26%.

“The supply-demand conflict due to the transition to the new rebar standard has not been fully resolved and we expect the iron ore market to remain under downward pressure in the near term if there is no positive news,” analysts at Jinrui Futures said in a note.