Steel price today June 19 continues to increase

Steel futures prices on the Shanghai Futures Exchange rose.

Steel prices in the North

According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 14,090 VND/kg; D10 CB300 ribbed steel bar is priced at 14,440 VND/kg.

Viet Y Steel brand, CB240 rolled steel line is priced at 14,240 VND/kg; D10 CB300 ribbed steel bar is priced at 14,340 VND/kg.

Viet Duc Steel, with CB240 coil steel line at 14,240 VND/kg, D10 CB300 ribbed steel bar is priced at 14,590 VND/kg.

Viet Sing Steel, with CB240 coil steel priced at 14,010 VND/kg, D10 CB300 ribbed steel remains at 14,210 VND/kg.

VAS steel, with CB240 coil steel line at 14,310 VND/kg; D10 CB300 ribbed steel bar is priced at 14,310 VND/kg.

Steel prices in the Central region

Hoa Phat Steel, with CB240 coil steel line at 14,140 VND/kg; D10 CB300 ribbed steel bar is priced at 14,440 VND/kg.

Viet Duc Steel, currently CB240 coil steel is at 14,750 VND/kg; D10 CB300 ribbed steel is priced at 15,000 VND/kg.

VAS steel, currently CB240 coil steel is at 14,410 VND/kg; D10 CB300 ribbed steel is priced at 14,260 VND/kg.

Pomina steel, with CB240 coil steel line at 14,940 VND/kg; D10 CB300 ribbed steel bar is priced at 15,200 VND/kg.

Steel prices in the South

Hoa Phat Steel, CB240 rolled steel is at 14,140 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 14,790 VND/kg; D10 CB300 ribbed steel bar is priced at 14,990 VND/kg.

Steel prices on the exchange

Shanghai Futures Exchange (SHFE) for May 2025 delivery rose 5 yuan to 3,710 yuan/tonne.

Iron ore futures edged higher on some profit-taking following market talks over steel output controls in the southern province of Fujian in top consumer China.

The most-traded iron ore contract for September on China's Dalian Commodity Exchange (DCE) DCIOcv1 was up 1.59% at 831.5 yuan ($114.60) a tonne.

Benchmark iron ore for July delivery on the Singapore Exchange rose 2.76% to $108.1 a tonne.

Talks have spread that Fujian authorities held a meeting on Monday with local steelmakers to discuss details of this year's output curbs, requiring local state-owned producers not to exceed 85% of their approved steel capacity before the meeting.

Data from the National Bureau of Statistics showed that crude steel output in Fujian province increased 6.5% year-on-year to about 34.06 million tonnes in 2023, accounting for 3.3% of the country's total.

“The news about the crude steel controls has been priced in, so some traders have closed some short positions after the latest talks,” said a trader based in northern China who asked not to be named because he was not authorized to speak to the media.

While higher-than-expected hot metal output supported ore prices last Friday, analysts at Huatai Futures believe further upside will be limited amid a seasonal slowdown in steel demand.

Other steelmaking components on the DCE edged lower, with coking coal DJMcv1 and coke DCJcv1 down 0.15% and 0.02%, respectively.

Steel futures prices on the Shanghai Futures Exchange rose. Rebar SRBcv1 rose 0.66%, hot-rolled coil SHHCcv1 rose 0.63%, rebar SWRcv1 rose 0.34%, and stainless steel SHSScv1 rose 0.14%.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-19-6-san-giao-dich-tuong-lai-thuong-hai-tiep-tuc-tang.html