Steel price today, November 7, turned down on the trading floor

Steel benchmarks on the Shanghai Futures Exchange were weaker.

Steel prices in the North

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

Viet Y steel brand, CB240 rolled steel line is priced 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 is 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 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 ribbed steel reduced 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 May 2025 delivery fell 23 yuan to 3,412 yuan/t.

Iron ore futures fell, as investors shifted focus back to weak fundamentals in the key steelmaking ingredient on expectations of more stimulus from top consumer China.

The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 fell 0.95% to 780 yuan ($109.16) a tonne.

Benchmark iron ore for December delivery on the Singapore Exchange fell 2.08 percent to $103.2 a tonne.

"Some traders chose to partially liquidate their long positions to lock in profits after gains in the previous days. Some funds have flowed out of the market as risk-off sentiment emerged amid uncertainty over the US election, leading to a drop in prices of many commodities, including iron ore," said Pei Hao, an analyst at international brokerage Freight Investor Services (FIS).

Expectations of more stimulus measures at a meeting of the Standing Committee of China’s National People’s Congress this week pushed iron ore prices up more than 1% in the first two sessions, but the gains were erased on Wednesday.

“Even if Beijing finally announces a 10 trillion yuan issuance this weekend, it will only be in line with expectations, not exceeding them, meaning the gains made earlier will be surrendered,” said a Chinese analyst who requested anonymity because he was not authorized to speak to the media.

Other steelmaking components on the DCE fell sharply, with coking coal DJMcv1 and coking coal DCJcv1 down 3.37% and 4.09%, respectively.

Steel benchmarks on the Shanghai Futures Exchange were weaker. Rebar SRBcv1 fell 1.46%, hot-rolled coil SHHCcv1 fell 1.31%, wire rod SWRcv1 fell 1.09% and stainless steel SHHScv1 edged down 0.3%.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-7-11-quay-dau-giam-tren-san-giao-dich.html