Domestic steel price today June 11, 2025
On the morning of June 11, the domestic steel market remained stable in all three regions, fluctuating from VND13,350 - 14,190/kg for CB240 rolled steel products and D10 CB300 rebar. Meanwhile, world iron ore prices continued to decrease for the second consecutive session due to concerns about increased supply and a less optimistic global trade outlook.
In the North, Viet Duc steel prices are at VND13,550/kg for both CB240 and D10 CB300. Hoa Phat lists CB240 at VND13,650/kg and D10 CB300 at VND13,790/kg. Viet Y steel prices are the highest in the region, with D10 CB300 reaching VND13,990/kg.
In the Central region, steel prices fluctuated around 13,740 - 14,050 VND/kg. Viet Duc Steel maintained the highest price with CB240 at 14,050 VND/kg, D10 CB300 at 14,000 VND/kg.
In the South, steel prices are stable with CB240 commonly around 13,530 - 14,040 VND/kg. TungHo Steel is currently listed at the highest price in the entire market, with D10 CB300 reaching 14,190 VND/kg.
In the international market, steel prices remained stable, however, iron ore prices decreased slightly in the last two sessions due to increased supply and trade prospects affected by global tensions.
World steel prices June 11: Cautious trading, iron ore continues to decrease
At the close of June 10, the price of rebar for July delivery on the Shanghai Futures Exchange edged up 0.13% to 3,005 yuan/ton. The June contract was flat for the third consecutive session at 2,970 yuan/ton, reflecting investors' cautious sentiment ahead of progress in US-China trade negotiations.
In contrast, the iron ore market continued to decline due to increased supply pressure. On the Dalian Commodity Exchange, the September contract fell 0.85% to 698.5 yuan ($97.16) a tonne, while the July contract fell 0.61% to 730.5 yuan a tonne. In Singapore, the July iron ore contract also fell 0.63% to $94.10 a tonne, marking a three-week low.
Iron ore shipments from Australia and Brazil in the week ending June 8 reached 29.19 million tonnes – the highest since late 2023, up nearly 2% from the previous week, according to Mysteel. However, demand from China supported the market somewhat, with average hot metal output rising 2.6% year-on-year to 2.42 million tonnes as of June 5.
Steel prices are currently trading around their lowest levels since September 2024. While hopes for US-China talks have helped sentiment, the short-term outlook remains challenging.
China’s economy has yet to show clear signs of recovery, while exports in May increased below expectations, especially with shipments to the US falling sharply due to trade barriers. The US’s 50% increase in steel import tariffs under a new executive order from President Donald Trump is pushing up domestic steel prices, but putting downward pressure on Asian markets.
China's iron ore imports may continue to rise in June, as mills stock up at low prices and miners speed up deliveries to meet second-quarter targets, according to Shanghai Metals Market.
Source: https://baoquangnam.vn/gia-thep-hom-nay-11-6-2025-thep-on-dinh-quang-sat-giam-do-lo-ngai-thuong-mai-3156489.html
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