Decrease due to oversupply pressure and weak demand.

VAS steel, with CB240 coiled steel at 13,800 VND/kg; D10 CB300 ribbed steel bar at 13,910 VND/kg.

Steel prices in Central Vietnam

Hoa Phat Steel, with its CB240 coiled steel at 13,890 VND/kg; and D10 CB300 ribbed steel at 14,240 VND/kg.

At Viet Duc Steel, the current price for CB240 steel coils is 14,240 VND/kg; and for D10 CB300 ribbed steel bars, it is 14,700 VND/kg.

Currently, VAS Steel offers CB240 steel coils at 14,110 VND/kg and D10 CB300 ribbed steel bars at 14,160 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 13,840 VND/kg; D10 CB300 ribbed steel bars are priced at 14,240 VND/kg.

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

Rebar futures on the Shanghai Futures Exchange (SHFE) for May 2025 delivery fell 27 yuan to 3,391 yuan per ton.

Iron ore futures prices fell, dragged down by increased supply pressure, while traders assessed demand for soft steel in top consumer China, with weak construction activity dampening domestic consumption.

The most actively traded January iron ore contract on China's Dalian Commodity Exchange (DCE) fell 1.62% to 730 yuan ($101.65) per ton.

The contract touched a daily low of 725.5 yuan/tonne, the lowest level since August 15, 2023.

The benchmark September iron ore price on the Singapore exchange fell 1.93% to $98.95 per ton, after touching its lowest level since July 31 at $98.45 per ton earlier in the session.

Analysts at Everbright Futures said in a note that "Supply pressures are increasing amid continued increases in shipments. The pace of new special bond issuances in July remained slow, weakening expectations for (steel demand from) the infrastructure sector."

Special bonds are often used to finance infrastructure projects.

According to analysts at First Futures, iron ore demand will continue to decline as sharply falling profits among steelmakers have fueled a wave of production shutdowns.

Data from the consulting firm Mysteel shows that approximately 95% of Chinese steel producers are operating at a loss.

Other steelmaking components on the DCE lost market share, with coking coal and coke falling by 2.43% and 3.09%, respectively.

Steel benchmarks on the Shanghai Futures Exchange recorded 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%.

Analysts at Jinrui Futures said in a note: "The supply-demand conflict stemming from the transition to the new rebar standard has not been fully resolved, and we anticipate the iron market will continue to face downward pressure in the near future unless there is positive news."