Steel price today May 10: Slight decrease on the Stock Exchange...

On the Shanghai Stock Exchange

At the end of today's trading session, the price of May rebar futures on the Shanghai Stock Exchange reversed and decreased by 1.14% (35 yuan) to 3,022 yuan/ton.

On the Dalian Exchange, iron ore prices fell 0.39% (3 yuan) to 765 yuan/ton.

Similarly, iron ore prices on the Singapore Exchange decreased by 1.42 USD to 97.93 USD/ton.

In the spot market, the price of Fe 62% iron ore in China decreased from 98.94 USD/ton to 97.76 USD/ton.

Iron ore prices fall on concerns of weakening demand

In the futures market, iron ore prices fell as traders worried about the weakening demand outlook, amid fresh news of crude steel output cuts in China.
The most-traded September iron ore contract on China's Dalian Commodity Exchange was also affected, according to GMK Center.

“The main reason is that expectations of resumption of steel production cuts are driving market volatility, with the price declines of steelmaking raw materials being even steeper than those of finished steel,” said Zhuo Guiqiu, an analyst at brokerage Jinrui Futures.

Steel price today 105 Slight decrease on Shanghai Stock Exchange

Authorities are now actively promoting control of national crude steel output, the China Iron and Steel Association recently said.
In March, China announced plans to restructure its giant steel industry through production cuts, but did not specify the specific timing and scale.

The weakness in the steel market comes as Beijing launched a series of monetary stimulus packages on April 7 in an effort to minimize the economic damage caused by the trade war with the United States.

“This is not a positive sign for the Sino-US trade talks if you look at the stimulus package, it shows preparation for the worst case scenario,” said an analyst who declined to be named because of the sensitivity of the issue.

Mining companies forced to give in to buyers

In the spot market, the price of iron ore with 62% Fe in China fell from $98.94/ton to $97.76/ton CFR Qingdao from April 29 to May 5, according to Kallanish. A rise to the psychological level of $100/ton in the near term is unlikely.

This is reflected in trading data from the Singapore Exchange, where the offering price of the 62% Fe iron ore futures contract increased by 0.66 USD/ton to 95.73 USD/ton for delivery in June from April 29 to May 5. This price is significantly lower than the current spot price.
Brazilian high-grade iron ore Fe 65% increased by $1/mt – to $110/mt CFR in the period from April 30 to May 6.

According to the report, 53% of steel companies were profitable in March 2025, according to the National Bureau of Statistics of China. Meanwhile, the figure was only 25% in March 2024.

Domestic market

Updated from SteelOnline.vn, steel prices in the Northern, Central and Southern regions increased slightly for some brands, currently steel prices range from 13,380 - 14,200 VND/kg for products such as CB240 and D10 CB300.

Northern region: Viet Duc CB240 rolled steel is at 13,500 VND/kg; D10 CB300 ribbed steel is priced at 13,800 VND/kg.

Hoa Phat CB240 rolled steel is at 13,550 VND/kg; D10 CB300 ribbed steel is at 13,600 VND/kg.

CB240 Viet Sing rolled steel price 13,450 VND/kg; D10 CB300 ribbed steel price 13,650 VND/kg.

Central region: Viet Duc CB240 rolled steel is priced at 13,800 VND/kg; D10 CB300 ribbed steel is 14,200 VND/kg.

Hoa Phat CB240 rolled steel is at 13,650 VND/kg; D10 CB300 ribbed steel is at 13,750 VND/kg.

Southern region: Hoa Phat CB240 rolled steel is at 13,550 VND/kg; D10 CB300 ribbed steel remains at 13,650 VND/kg.

CB240 VAS coil steel price is 13,380 VND/kg; D10 CB300 ribbed steel bar is 13,480 VND/kg.

TungHo CB240 coil steel is priced at VND13,400/kg; D10 CB300 ribbed steel is VND13,750/kg./.

Source: https://baodaknong.vn/gia-thep-hom-nay-10-5-giam-nhe-tren-san-thuong-hai-252089.html