Steel price today May 17: All prices increased slightly again

World steel prices

At the end of the trading session on May 16, the price of rebar for May delivery on the Shanghai Futures Exchange increased by 0.79% (24 yuan) to 3,066 yuan/ton. On the Dalian Exchange, the price of iron ore for May delivery increased by 0.25% (2 yuan) to 800 yuan/ton. Meanwhile, the price of iron ore on the Singapore Exchange increased by 0.4 USD to 101 USD/ton.

Iron ore prices were capped by a cautious market sentiment after China released credit data, showing new bank loans in China fell more than expected in April as the protracted trade war with the United States continued to dampen market appetite.

In another development in iron ore demand, in India, in the first four months of this year, the country imported about 2.88 million tons of iron ore (including fines and pellets), up 76% over the same period last year, according to Kallanish citing trade data.

Although India has iron ore reserves in the eastern and southern regions, the company is said to import raw material from Oman to supply to its plants in Maharashtra state.

As a result, the largest import volume came from Oman and Australia, with JSW Steel being the largest importer. The market noted that JSW Steel started looking to foreign suppliers late last year due to disruptions in domestic supply. The prolonged rainy season led to a supply shortage by the end of 2024.

In the financial year 2024/25 (ending April 2025), India increased its iron ore production to 289 million tonnes, up 4.3% year-on-year, reaching a record high, surpassing the previous record set in the financial year 2023.

Of which, pellet output recorded 105 million tons, up 5% over the same period last year. Although growth slowed in the second half of the year, this increase was driven by stable steel production, higher use of pellets in blast furnaces and domestic capacity expansion.

Among the producers, JSW Steel led with 27 million tonnes (+8%), while AM/NS India declined 14% due to a more than 55% y-o-y decline in pellet exports. In contrast, Tata Steel increased production by 16% thanks to a new line in Kalinganagar.

In the financial year 2025/2026, pellet production is expected to continue to increase, but demand from international markets and the development of energy-saving technologies in the steel industry will play a key role.

Domestic market

At 9:00 a.m. on May 17, steel prices updated from SteelOnline.vn, steel prices in the Northern, Central and Southern regions ranged from 13,330 - 14,250 VND/kg for products such as CB240 and D10 CB300.

Northern region: Viet Duc Steel: CB240 coil steel is priced at 13,500 VND/kg, down 150 VND/kg; D10 CB300 ribbed steel is priced at 13,800 VND/kg, up 150 VND/kg. Hoa Phat Steel: CB240 coil steel is priced at 13,790 VND/kg, up 140 VND/kg; D10 CB300 ribbed steel is priced at 13,650 VND/kg, up 340 VND/kg. Viet Sing Steel: CB240 coil steel is priced at 13,600 VND/kg, down 50 VND/kg; D10 CB300 ribbed steel is priced at 13,700 VND/kg, up 50 VND/kg.

Viet Y Steel: CB240 steel coil price 13,890 VND/kg; D10 CB300 ribbed steel bar price 14,090 VND/kg, up 200 VND/kg. VAS Steel: CB240 steel coil price 13,330 VND/kg; D10 CB300 ribbed steel bar price 13,380 VND/kg.

Central region: Viet Duc Steel: CB240 coil steel is priced at 14,050 VND/kg; D10 CB300 ribbed steel is priced at 14,250 VND/kg, up 200 VND/kg. Hoa Phat Steel: CB240 coil steel is priced at 13,840 VND/kg, up 190 VND/kg; D10 CB300 ribbed steel is priced at 14,040 VND/kg, up 290 VND/kg. VAS Steel: CB240 coil steel is priced at 13,740 VND/kg; D10 CB300 ribbed steel is priced at 13,790 VND/kg.

Southern region: Hoa Phat Steel: CB240 rolled steel at 13,790 VND/kg, up 140 VND/kg; D10 CB300 ribbed steel remains at 13,990 VND/kg, up 340 VND/kg.

VAS Steel: CB240 steel coil costs VND13,380/kg; D10 CB300 ribbed steel bar costs VND13,480/kg. TungHo Steel: CB240 steel coil costs VND13,400/kg; D10 CB300 ribbed steel bar costs VND13,750/kg./.

Source: https://baodaknong.vn/gia-thep-hom-nay-17-5-dong-loat-tang-nhe-tro-lai-252817.html