Steel price today May 14: Steel and iron ore prices remain...

The US and China have reached a consensus on reducing import tariffs, however, initial optimism quickly faded due to concerns that the two major economies are unlikely to reach a final agreement, along with seasonal slowdown in consumption demand, causing the market to worry about the possibility of a slowdown in iron ore consumption in the coming time.

Steel prices on the exchange

Rebar on the Shanghai Futures Exchange (SHFE) for December 2025 delivery rose 7 yuan to 3,116 yuan/t.

Iron ore futures rose to their highest in more than two weeks, boosted by the interim trade deal between the United States and China, although cautious sentiment over the prospects for final talks and concerns about weak near-term demand capped gains.

The September iron ore contract, the most-traded on China's Dalian Commodity Exchange (DCE), rose 1.56% to 718 yuan ($99.82) a tonne.

The contract hit its highest since April 24 at 727 yuan a tonne in early trading.

However, the benchmark iron ore price for June delivery (SZZFM5) on the Singapore Exchange fell 0.45% to $99.55 a tonne, after hitting its highest since April 24 at $100.35 a tonne.

The US and China reached a consensus on Monday that the US will reduce import tariffs on Chinese goods from 145% to 30% during the 90-day negotiation period, while China will also cut tariffs from 125% to 10%. The development lifted market sentiment and sent commodity prices soaring across the board.

However, initial optimism quickly faded due to concerns that the two major economies were unlikely to reach a final agreement, along with seasonal slowdown in consumption, raising market concerns about a possible slowdown in iron ore consumption in the coming period.

Hot metal output is expected to start falling from mid- to late May, analysts at Shengda Futures said.

Weakening hot metal output may coincide with mining companies ramping up deliveries to meet quarterly targets, putting downward pressure on prices, according to experts at CICC.

Hot metal production is often used as an indicator of iron ore demand.

Steel futures contracts on the Shanghai Futures Exchange rose across the board. Rebar rose 1.11%, hot-rolled coil rose 1%, steel bars (SWRcv1) rose 1.15%, and stainless steel edged up 0.43%.

However, other steelmaking raw materials on the DCE continued to decline due to unfavorable fundamentals, with coking coal and coke prices (DCJcv1) falling 0.74% and 0.62%, respectively.

Domestic steel prices

Steel prices in the North

According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 13,650 VND/kg; D10 CB300 ribbed steel bar is priced at 13,650 VND/kg.

Viet Y steel brand, CB240 rolled steel line is priced at 13,890 VND/kg; D10 CB300 ribbed steel bar is priced at 13,890 VND/kg.

Viet Duc Steel, with CB240 coil steel line at 13,650 VND/kg, D10 CB300 ribbed steel bar is priced at 13,650 VND/kg.

Viet Sing Steel, with CB240 coil steel, is priced at VND13,650/kg; D10 CB300 ribbed steel is priced at VND13,650/kg.

VAS steel, with CB240 coil steel line at 13,330 VND/kg; D10 CB300 ribbed steel bar is priced at 13,380 VND/kg.

Steel prices in the Central region

Hoa Phat Steel, with CB240 coil steel line, is at 13,700 VND/kg; D10 CB300 ribbed steel bar is priced at 13,700 VND/kg.

Viet Duc Steel, currently CB240 coil steel is at 14,050 VND/kg; D10 CB300 ribbed steel is priced at 14,050 VND/kg.

VAS steel, CB240 coil steel line is at 13,740 VND/kg; D10 CB300 ribbed steel bar is priced at 13,790 VND/kg.

Steel prices in the South

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

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

Source: https://baodaknong.vn/gia-thep-hom-nay-14-5-gia-thep-quang-sat-giu-da-tang-nhe-252471.html