Global Steel Price Update
At the close of trading on August 6, the August futures for rebar on the Shanghai Futures Exchange reversed course, rising 0.85% (27 yuan) to 3,195 yuan/ton.
On the Dalian Commodity Exchange, August iron ore futures increased 0.86% (7 yuan) to 816.5 yuan/ton.
Meanwhile, August iron ore futures on the Singapore SGX Exchange fell by 0.66 USD to 101.25 USD/ton.
China’s steel industry is intensifying efforts to establish a self-regulation framework to improve profitability and enhance operational quality…
According to data from the National Bureau of Statistics of China, crude steel production in the first six months of 2025 reached 515 million tons, down 3% year-on-year. Apparent consumption of crude steel totaled 452 million tons, a decrease of 5.6% compared to the same period last year.
Fitch Ratings reported that steel industry profits in the first half of the year reached 46.3 billion yuan (6.44 billion USD), surpassing the total profit of 2024, and forecasted that Chinese steel exports will remain high in the second half of 2025.
Domestic Construction Steel Price Update
- Hòa Phát: CB240 – 13,230 VND/kg; CB300 – 12,830 VND/kg
- Thép Việt Ý: CB240 – 13,130 VND/kg; D10 CB300 – 12,520 VND/kg
- Thép Việt Sing: CB240 – 13,130 VND/kg; CB300 – 12,930 VND/kg
