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 June 2025 delivery rose 4 yuan to 3,549 yuan/t.

Iron ore futures hit a two-week high, boosted by an improved outlook for China’s economy following strong services data and expectations of further stimulus from the world’s biggest consumer.

The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) was up 1.97% at 776.5 yuan ($108.69) a tonne.

The price hit an intraday high of 788.5 yuan, its highest since July 22.

The benchmark iron ore contract for September delivery on the Singapore Exchange rose 0.76% to $104.60 a tonne, also its highest since July 22.

Growth in China's services activity accelerated in July, expanding for the 19th straight month, a private sector survey showed on Monday.

The Caixin/S&P composite PMI, which tracks both the services and manufacturing sectors, eased from June but remained in expansion territory and employment increased at the fastest pace in 11 months, the survey showed.

Meanwhile, China's State Council issued a communique on Saturday to promote "the development of high-quality service consumption."

The document lists measures to "promote the vitality" of domestic consumption, including improving the quality of products and services, and providing financial support for consumption such as tax deductions and credit support.

With domestic demand being one of the biggest drags on China's economy this year, this is a good sign that policies are working to support consumption, although the market may still hope for larger-scale demand-side support policies such as consumer vouchers, ING analysts said in a note.

The steel market is expected to recover this week, as enhanced stimulus efforts boosted market confidence last week and demand for construction materials is expected to recover, said Hexun Futures, a financial information site specializing in futures.

Steel benchmarks on the Shanghai Futures Exchange were stronger. Rebar rose about 1.5%, hot-rolled coil rose 0.74%, rebar rose about 0.4% and stainless steel rose about 0.1%.

Other steelmaking components on the DCE gained, with coking coal and coke up 0.25% and 0.35% respectively.