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 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 rose 3 yuan to 3,510 yuan/t.

Dalian iron ore futures edged up but were on track for a weekly decline as traders assessed the consequences of a wave of production cuts across Chinese steelmakers amid a weakening steel market in the top consumer.

The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 rose 0.33 percent to 765 yuan ($105.78) a tonne. The contract has fallen 1.92 percent this week.

Benchmark September iron ore SZZFU4 on the Singapore Exchange edged up 0.1% to $102.75 a tonne. Prices are set to rise 0.69% from last week.

Nineteen steelmakers across China voluntarily conducted equipment maintenance to cut output from late July to late August, resulting in an expected total output reduction of 1.98 million tonnes of construction steel, Chinese consultancy Mysteel said.

The production curbs come after unfavourable margins, ANZ analysts said in a note.

As of July 25, the profit margin among China's 247 blast furnace steel mills fell to 15.15%, down 27.71% month-on-month and marking the lowest percentage of profitable mills since mid-November 2022, Mysteel added.

ANZ analysts said the supply cuts would reduce demand for iron ore, leading to a build-up of already high port inventories.

Total iron ore inventories at ports in China rose 1.47% week on week to 151.8 million tonnes as of July 26, Steelhome data showed.

However, the overall steel market sentiment is likely to see some recovery, with reduced output helping to balance the supply-demand dynamics of China's steel market, according to the Price Supervision Center of the National Development and Reform Commission of China in a report.

Other steelmaking components on the DCE lost ground, with coking coal DJMcv1 and coke DCJcv1 down 1.48% and 0.3%, respectively.

Steel benchmarks on the Shanghai Futures Exchange were mixed. Steel rebar SWRcv1 rose 0.36%, steel rebar SRBcv1 edged up 0.15%, while hot-rolled coil SHHCcv1 and stainless steel SHSScv1 fell about 0.2%.