Steel prices today, November 11, continue to fall sharply

Steel prices in the North

According to SteelOnline.vn, Hoa Phat steel brand, with CB240 coil steel line at 13,580 VND/kg; D10 CB300 ribbed steel bar is priced at 13,790 VND/kg.

Viet Y steel brand, CB240 steel coil line is at 13,530 VND/kg; D10 CB300 ribbed steel bar is priced at 13,640 VND/kg.

Viet Duc Steel, with CB240 coil steel line at 13,530 VND/kg, D10 CB300 ribbed steel bar priced at 13,890 VND/kg.

Viet Sing Steel, with CB240 coil steel priced at 13,500 VND/kg; D10 CB300 ribbed steel bar priced at 13,700 VND/kg.

VAS steel, with CB240 coil steel line at 13,500 VND/kg; D10 CB300 ribbed steel bar is priced at 13,600 VND/kg.

Steel prices in the Central region

Hoa Phat Steel, with CB240 coil steel down to 13,580 VND/kg; D10 CB300 ribbed steel bar priced at 13,790 VND/kg.

Viet Duc Steel, currently CB240 coil steel is at 13,990 VND/kg; D10 CB300 ribbed steel bar is priced at 14,190 VND/kg.

VAS Steel currently sells CB240 coil steel at 13,650 VND/kg; D10 CB300 ribbed steel bar is priced at 13,700 VND/kg.

Pomina steel, with CB240 coil steel line at 14,180 VND/kg; D10 CB300 ribbed steel bar is priced at 14,180 VND/kg.

Steel prices in the South

Hoa Phat Steel, CB240 rolled steel at 13,580 VND/kg; D10 CB300 rebar steel decreased to 13,790 VND/kg.

VAS steel, CB240 coil steel line is at 13,500 VND/kg; D10 CB300 ribbed steel bar is priced at 13,600 VND/kg.

Pomina steel, CB240 coil steel line is at 13,970 VND/kg; D10 CB300 ribbed steel bar is priced at 13,970 VND/kg.

Steel prices on the exchange

Rebar on the Shanghai Futures Exchange (SHFE) for June 2025 delivery fell 56 yuan to 3,436 yuan a tonne.

Iron ore futures fell as investors remained cautious amid continued weakness in demand and ahead of a closely watched fiscal stimulus package unveiled by top consumer China.

The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) fell 1.65% to 776 yuan ($108.45) a tonne.

Benchmark iron ore for December delivery on the Singapore Exchange fell 2.16% to $103.25 a tonne.

Some market observers expect most of the funds will be used to reduce local government debt burdens and will not provide much of a boost to economic growth in the short term.

“We expect the impact from macroeconomic factors to gradually ease and prices in the iron ore market will reflect more influence from fundamental factors,” analysts at Sinosteel Futures said.

Continued weakness in demand for key steelmaking raw materials and persistently high imports have led to continued build-up in port inventories, putting pressure on prices.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-11-11-tiep-tuc-giam-manh.html