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, with CB240 coil steel line at 14,040 VND/kg, D10 CB300 ribbed steel bar is priced 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 27 yuan to 3,705 yuan/ton.

Iron ore futures rose to their highest in nearly two weeks, helped by better-than-expected factory data in top consumer China and hopes of more stimulus measures in the world’s second-largest economy later this month.

The most-traded iron ore contract for September delivery on China's Dalian Commodity Exchange (DCE) DCIOcv1 was 2.5% higher at 840 yuan ($115.58) a tonne, its highest since June 18.

Benchmark August iron ore SZZFQ4 on the Singapore Exchange was up nearly 1.7% at $108.4 a tonne, its highest since June 20.

The manufacturing purchasing managers' index (PMI) rose to 51.8 in June from 51.7 the previous month, marking the fastest increase since May 2021 and beating analysts' forecasts of 51.2.

The official manufacturing PMI was unchanged from May at 49.5 in June, data showed on Sunday, below the 50-point mark that separates growth from contraction and in line with the median forecast of 49.5.

Analysts at Jinrui Futures said they expect hot metal output to fall significantly following Beijing's latest real estate stimulus package.

China's capital Beijing last week announced measures to reduce the cost of buying a home by cutting mortgage interest rates and minimum down payment requirements.

Additionally, some investors and traders are hoping for more stimulus from the long-delayed third plenum of the central bank, which will be held from July 15 to 18.

Other steelmaking raw materials on the DCE also gained, with coking coal DJMcv1 and coking coal DCJcv1 up 2.8% and 3.3%, respectively.

Benchmark steel prices on the Shanghai Futures Exchange posted gains. Rebar SRBcv1 rose 0.7%, hot-rolled coil SHHCcv1 rose 0.6%, rebar SWRcv1 rose nearly 0.8%, and stainless steel SHSScv1 rose nearly 0.9%.

“The possibility of further declines in steel prices in the second half of this year is limited as valuations remain relatively low and many mills are incurring losses,” Everbright Futures said in a report.