Steel prices in the North

According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 13,940 VND/kg; D10 CB300 ribbed steel bar is priced at 14,440 VND/kg.

Viet Y Steel brand, CB240 rolled steel line stops at 14,090 VND/kg; D10 CB300 ribbed steel bar is priced at 14,340 VND/kg.

Viet Duc Steel simultaneously reduced the price of two of its products, with CB240 rolled steel at 14,040 VND/kg, and D10 CB300 ribbed steel at 14,540 VND/kg.

Viet Sing Steel, with CB240 coil steel priced at 13,850 VND/kg, D10 CB300 ribbed steel remains at 14,210 VND/kg.

VAS steel, with CB240 coil steel down to 14,160 VND/kg; D10 CB300 ribbed steel bar priced at 14,110 VND/kg.

Steel prices in the Central region

Hoa Phat Steel, with CB240 coil steel line remaining at 13,990 VND/kg; D10 CB300 ribbed steel bar priced at 14,440 VND/kg.

Viet Duc Steel, currently CB240 coil steel is at 14,490 VND/kg; D10 CB300 ribbed steel is priced at 14,900 VND/kg.

VAS steel, currently CB240 coil steel is at 14,210 VND/kg; D10 CB300 ribbed steel is priced at 14,260 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 13,990 VND/kg; D10 CB300 ribbed steel is priced at 14,440 VND/kg.

VAS steel, CB240 coil steel line is at 14,310 VND/kg; D10 CB300 ribbed steel bar is priced at 14,210 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

The price of rebar futures on the Shanghai Futures Exchange (SHFE) for delivery in May 2025 increased by 18 yuan to 3,671 yuan/ton.

Iron ore futures rose for a second straight session, supported by a wave of spot buying in China and bets that the world’s second-largest economy will roll out more stimulus to prop up its struggling property market.

The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) extended gains as much as 3.4% to 826 yuan ($113.67) a tonne, its highest since June 21.

Benchmark iron ore for July delivery on the Singapore Exchange rose 3.8% to $107 a tonne.

Short-term demand for the key steelmaking raw material remains steady, partly because iron ore is more cost-competitive than scrap steel, another steelmaking input.

Iron ore trading volumes at major ports rose 9.3% from Monday to about 1.09 million tonnes, data from consultancy Mysteel showed.

China's capital Beijing has lowered the minimum down payment for first-time homebuyers to no less than 20 percent, according to a local government statement.

“Some investors are trading on expectations of possible stimulus in July,” said Cheng Peng, an analyst at Beijing-based Sinosteel Futures.

Investors and traders are awaiting a key meeting, known as the Third Plenum, to be held in July, which will focus on deepening reforms and accelerating China's modernization.

Some traders have recently closed short positions to take profits, a sign they do not believe there is much room for prices to fall further, said a Shanghai-based analyst.

Data from the China Iron and Steel Association showed that daily crude steel output of its member steelmakers fell 2.8% to about 2.19 million tonnes during June 11-20 compared with the previous 10-day period.

Some electric arc furnace-based steelmakers have scaled back production after mounting losses, partly contributing to the drop in crude steel output, analysts said.