Steel prices in the North
According to SteelOnline.vn, the Hoa Phat steel brand, with CB240 rolled steel line, decreased by 150 VND, down to 13,940 VND/kg; D10 CB300 ribbed steel bar is priced at 14,440 VND/kg.
Similarly, the Viet Y steel brand, CB240 rolled steel line decreased by 150 VND, down to 14,090 VND/kg; D10 CB300 ribbed steel bar is priced at 14,340 VND/kg.
Viet Duc Steel simultaneously reduced the price of two of its products, with CB240 rolled steel down 200 VND, down to 14,040 VND/kg, and D10 CB300 ribbed steel down 50 VND, priced at 14,540 VND/kg.
Viet Sing Steel, with CB240 coil steel down 160 VND, 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, decreased by 150 VND, down to 13,990 VND/kg; D10 CB300 ribbed steel bar is 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 down to 14,690 VND/kg; D10 CB300 ribbed steel increased by 100 VND, priced at 15,300 VND/kg.
Steel prices in the South
Hoa Phat Steel, CB240 rolled steel down to 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
Shanghai Futures Exchange (SHFE) for May 2025 delivery rose 1 yuan to 3,698 yuan/tonne.
China iron ore futures rose more than 4% to a record high since the contract was launched in 2010, on the prospect of steady demand at steel mills.
The September iron ore contract on the Dalian Commodity Exchange rose 4.1 percent to 698.5 yuan ($101.20) a tonne, its highest since July 2010.
“Investors expect demand for steelmaking raw materials to remain stable despite high prices as mills will still ramp up output amid high profit margins,” a Shanghai-based trader said.
The average profit margin of rebar production has fallen to around 600 yuan/t from around 840 yuan/t in mid-April.
Utilization rates at steel mills across China rose 0.28 percentage points to 69.06% as of May 17 from the previous week, despite tightened anti-pollution measures in China's top steelmaking city of Tangshan, according to data compiled by consultancy Mysteel.
Tangshan authorities have ordered steel mills to increase production curbs to an average of 30% in May from around 20% in April.
Iron ore prices were also supported by concerns about tight supplies following the mine accident, which could lead to a series of safety inspections across the country.
An iron ore mine in northeastern China flooded early Friday morning, trapping nine people underground. The mine, which began operations in February, has an annual production capacity of 1.6 million tonnes.
Meanwhile, Brazilian iron ore miner Vale SA told prosecutors in Minas Gerais state that a dam was at risk of breaching at its Gongo Soco mine, about 40 miles from where the Brumadinho dam collapsed, killing more than 230 people.
However, analysts and traders warn that restocking at steel mills could slow as steel demand weakens.
Steel product inventories at traders continued to fall this week to 11.62 million tonnes, with rebar down 350,300 tonnes and hot-rolled coil down 82,700 tonnes, according to data compiled by Mysteel.
Source: https://kinhtedothi.vn/gia-thep-hom-nay-ngay-21-6-nhieu-thuong-hieu-giam-gia-ban.html
Comment (0)