regaining momentum on the stock exchange.

Viet Sing Steel offers CB240 steel coils at 13,700 VND/kg and D10 CB300 ribbed steel bars at 14,010 VND/kg.

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 coil 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 rose 47 yuan to 3,509 yuan per ton.

Iron ore futures prices in Dalian edged lower as market participants weighed weak economic data from top consumer China against hopes for further monetary stimulus following a key Politburo meeting.

China's most actively traded September iron ore contract, DCIOcv1, on the Dalian Commodity Exchange (DCE), fell 0.13% to 768 yuan ($106.28) per ton.

However, the benchmark September iron ore price SZZFU4 on the Singapore exchange rose 1.57% to $100.65 per ton.

Chinese leaders have signaled that the stimulus measures needed to achieve this year's economic growth target will be geared towards consumers, a departure from their usual strategy of pouring money into infrastructure projects.

Cameron Law, a commodities analyst at Navigate Commodities, said the government's move to stimulate consumer spending is providing temporary support to China's industrial metals sector, as Chinese and iron bulls have been itching for broader stimulus measures following China's earlier third plenary session.

"Nevertheless, we remain highly skeptical about any long-term contribution of these policies to a significant improvement in domestic steel and iron ore consumption, given the structural problems in China's construction and real estate sectors," Law added.

China's manufacturing activity contracted for the third consecutive month in July, while non-manufacturing activity expanded more slowly, pointing to job uncertainty and slowing domestic demand, and further reinforcing the years-long crisis in the real estate sector.

Other steelmaking components on the DCE traded in mixed directions, with DJMcv1 coking coal rising 0.03%, while DCJcv1 coking coal fell around 0.5%.

Most steel benchmarks on the Shanghai Futures Exchange traded higher. Stainless steel SHHSScv1 rose about 0.8%, wire steel SWRcv1 increased 0.75%, while hot-rolled coil SHHCcv1 fell 0.26% and rebar SRBcv1 declined 0.54%.