Steel price today May 15: Slight fluctuations, opposite to iron ore price

World steel prices

At the end of the trading session on May 14, the price of rebar for May delivery on the Shanghai Stock Exchange reversed and decreased by 0.2% (6 yuan) to 3,042 yuan/ton. On the Dalian Stock Exchange, the price of iron ore for May delivery increased by 2.24% (17.5 yuan) to 798.5 yuan/ton. Meanwhile, the price of iron ore on the Singapore Stock Exchange increased by 1.75 USD to 100.8 USD/ton.

Beijing is likely to order nationwide steel output cuts to tackle overcapacity and persistent weakness in construction activity, Baosteel Group said.

According to data from the General Administration of Customs, China's steel bar exports reached 839,687 tons in the first quarter, up 112% year-on-year. Meanwhile, steel coil exports reached 1.43 million tons, up 55% year-on-year; steel billet exports reached 1.44 million tons, 10 times higher than the same period.

Meanwhile, in India, in the financial year 2024/2025 (ending March 31), Tata Steel Group increased steel production by 4.3% compared to the same period last year to 21.7 million tons. This is the highest figure in the company's history as recorded from the financial report.

In another raw material development, spot metallurgical coal prices in China fell $4/mt to $175/mt EXW (ex-works) from April 25 to May 9, according to Kallanish . Domestic coal mines are currently facing overcapacity, forcing them to cut prices.

The oversupply of metallurgical coal in the Chinese market has led to a decline in coal imports. Shipments of metallurgical coal from Mongolia are stuck at the border due to a lack of orders. Meanwhile, purchases from Australia have not been recorded during this period. The situation may only change after inventories at mines are reduced.

Amid overcapacity, Chinese mines are trying to sell their inventories to overseas markets. China’s metallurgical coal exports rose 1.8 percent to 1.41 million tonnes in the first quarter, with March alone up 23.6 percent to 460,000 tonnes.

Meanwhile, demand from coking plants remained stable thanks to the steel industry. As a result, coking coal exports from China fell 26.5% to 1.77 million tonnes in the first quarter of 2025. March alone saw a 15.6% drop to 760 thousand tonnes.

Domestic steel prices

According to the record on May 13, 2025, today's steel price 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.

Steel price today in the North

Viet Duc Steel: CB240 rolled steel is priced at VND13,500/kg; D10 CB300 ribbed steel is priced at VND13,800/kg.

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

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

Steel prices in the Central region

Viet Duc Steel: CB240 rolled steel costs 13,800 VND/kg; D10 CB300 ribbed steel is 14,200 VND/kg.

Hoa Phat Steel: CB240 coil steel at 13,650 VND/kg; D10 CB300 ribbed steel at 13,750 VND/kg.

Steel prices in the Southern region

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

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

TungHo Steel: CB240 coil steel is priced at 13,400 VND/kg; D10 CB300 ribbed steel is 13,750 VND/kg.

Source: https://baodaknong.vn/gia-thep-hom-nay-15-5-giang-co-nhe-nguoc-chieu-quang-sat-252585.html