Steel price today May 11: China lowest in 9 months...

World steel prices

At the end of the trading session on May 10, the price of rebar for May delivery on the Shanghai Stock Exchange continued to decrease by 1.16% (35 yuan) to 2,987 yuan/ton, recording a 9-month low. On the Dalian Stock Exchange, the price of iron ore decreased by 0.98% (7.5 yuan) to 757.5 yuan/ton. Similarly, the price of iron ore on the Singapore Stock Exchange increased by 0.32 USD to 98.25 USD/ton.

Compared with the end of last week, Shanghai rebar prices fell -1.8%, Dalian iron ore fell -0.5%, and Singapore iron ore rose 1.4%.

Recently, the European Commission (EC) is also consulting on possible restrictions on steel scrap exports.

Specifically, the European Commission has launched a public consultation on a list of US imports that could be subject to EU countermeasures if negotiations with Washington fail to lift tariffs imposed by President Donald Trump, according to GMK Center.

The countermeasures could affect a range of US industrial and agricultural products worth up to 95 billion euros ($107.2 billion). The consultations will run until June 10, the deadline for interested parties to express their views.

The EC is also consulting on the possibility of imposing restrictions on exports of certain steel scrap and chemical products from the EU to the US, worth €4.4 billion.

Since the imposition of unjustified US tariffs, the EU has prioritized the search for a balanced and mutually beneficial solution through negotiations, including within the framework of the 90-day standstill period. These negotiations are ongoing at both a political and technical level, but the bloc continues to prepare potential countermeasures to protect its consumers and industry.

In parallel, the EU will also file a lawsuit against the US at the World Trade Organization (WTO) over the US's general "retaliatory" tariffs on cars and auto parts by formally submitting a request for consultations.

The European Commission continues to closely monitor the potential diversion of global exports to the EU market caused by the US tariffs on third countries. In addition, the EC will continue to negotiate with other trading partners to seek new markets and diversify its supply sources.

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-11-5-trung-quoc-thap-nhat-9-thang-qua-252169.html