Steel price today May 14, 2025: Steel price keeps increasing slightly

Steel prices on the exchange

On the Shanghai Futures Exchange (SHFE), rebar for December 2025 delivery rose slightly by 7 yuan to 3,116 yuan per tonne. Meanwhile, hot-rolled coil, rebar and stainless steel contracts also recorded slight increases of 0.43% to 1.15%, indicating a positive signal spreading across the entire steel futures market.

Iron ore futures for September delivery on the Dalian Commodity Exchange (DCE) rose 1.56 percent to 718 yuan ($99.82) a tonne, the highest since April 24.

However, on the Singapore exchange, the benchmark iron ore contract for June was slightly adjusted, down 0.45% to $99.55/ton after hitting a short-term peak of $100.35/ton during the session.

The US-China deal, which slashed import tariffs for 90 days, has boosted investor confidence, sending prices of many commodities soaring, including steel and iron ore.

The optimism did not last long as the market worried that the final negotiations were not certain to be successful and consumer demand was showing signs of slowing down.

Experts at Shengda Futures predict that hot metal output may start to decline in mid-to-late May, coinciding with miners accelerating deliveries to meet quarterly targets. This is expected to put downward pressure on iron ore prices.

CICC also noted that weakness in hot metal output will be the main factor affecting prices in the short term.

While steel prices are maintaining their upward momentum, input materials such as coking coal and coke on the DCE floor have slightly decreased, 0.74% and 0.62% respectively, due to fundamental factors no longer being as positive as before.

Domestic steel prices

Domestic steel prices on May 14, 2025 generally remained stable, with slight fluctuations between regions and brands. According to updates from SteelOnline.vn, the prices of CB240 coil steel and D10 CB300 rebar steel in all three regions have not recorded major fluctuations compared to previous days.

In the Northern region, major brands such as Hoa Phat , Viet Duc and Viet Sing are listing the common price of CB240 and D10 CB300 coil steel at VND13,650/kg. Viet Y Steel keeps its price slightly higher for both types at VND13,890/kg, while VAS Steel maintains a lower price, at VND13,330/kg for CB240 and VND13,380/kg for D10 CB300, respectively.

In the Central region, prices are somewhat higher. Hoa Phat Steel listed 13,700 VND/kg for both lines. Viet Duc Steel currently has the highest price in this region, 14,050 VND/kg for CB240 and D10 CB300. VAS steel ranges from 13,740 - 13,790 VND/kg, depending on the type.

In the South, the market remained stable with Hoa Phat listing VND13,650/kg for both CB240 and D10 CB300 coils. VAS maintained lower prices, with VND13,380/kg for CB240 and VND13,480/kg for D10 CB300.

Domestic steel prices remain stable, not yet reflecting the impact of the international market's recent increase. However, in the context of input material prices in the world market showing signs of recovery, domestic steel traders are still closely monitoring developments to make appropriate adjustments in the coming time.

Source: https://baoquangnam.vn/gia-thep-hom-nay-14-5-2025-gia-thep-giu-da-tang-nhe-3154713.html