Steel price today May 19: Domestic market stable, international price decrease

Steel price today May 19: The domestic steel market continues to record a stable trend, with prices ranging from 13,330 - 14,250 VND/kg depending on the region and brand.

Domestic steel prices are stable in all three regions.

In the North, steel prices today recorded slight fluctuations between brands. Hoa Phat Steel is listing CB240 rolled steel at 13,790 VND/kg, D10 CB300 at 13,740 VND/kg.

Viet Y Steel has a higher price with CB240 coil steel at 13,890 VND/kg, while Viet Duc Steel remains lower with D10 CB300 at only 13,350 VND/kg. The lowest price in this area belongs to VAS steel - 13,330 VND/kg for CB240.

In the Central region, steel prices tend to be higher than in the North. Viet Duc Steel has the highest price: CB240 at 14,050 VND/kg and D10 CB300 at 14,000 VND/kg. Hoa Phat Steel and VAS in this region both have prices around 13,740 - 13,840 VND/kg.

In the South, steel prices were stable, with Hoa Phat steel listed at VND13,790/kg for CB240 and VND13,990/kg for D10 CB300. Other brands such as VAS and TungHo had prices ranging from VND13,380 - VND13,750/kg, with no major fluctuations compared to the previous session.

World steel prices last week: Iron ore slightly decreased, rebar weakened, Ukrainian steel exports recovered

Last week, raw material markets in Asia recorded a trend of differentiation between commodities. The September iron ore futures price on the Dalian exchange decreased slightly by 0.75% to 729.5 yuan/ton (about 101.3 USD/ton). Similarly, the benchmark iron ore price in Singapore also decreased slightly to 100.5 USD/ton. However, thanks to positive expectations of progress in US-China trade relations, both markets still ended the week with significant gains.

Meanwhile, the price of rebar for October delivery on the Shanghai Futures Exchange fell 14 yuan to close the week at 3,086 yuan a tonne. Market sentiment remained cautious as hot metal output, an indicator of ore demand, fell 0.4% to 2.45 million tonnes a day. However, some mills maintained stable output as profit margins remained attractive enough to sustain production.

In Europe, the Ukrainian steel industry recorded a strong recovery in the export of semi-finished steel products. In April, exports reached 145,830 tons, up 56% compared to March and the highest level since September 2024. Export revenue reached 76.9 million USD, up nearly 69% compared to the previous month, showing positive signs of recovery after a long period of difficulties due to the conflict.

In addition, the latest report from Eurostat shows that the European Union's greenhouse gas emissions increased by 2.2% year-on-year in the fourth quarter of 2024, mainly due to growth in the energy sector and household consumption. However, some Nordic countries such as Estonia, Finland and Sweden have maintained a downward trend in emissions while promoting green economic growth.

Iron ore prices fall on weak demand

While domestic steel prices remain stable, global iron ore prices are showing signs of cooling due to declining demand. Europe is pushing policies to reduce greenhouse gas emissions, putting pressure on the metallurgical industry, which in turn affects demand for input materials such as iron ore.

In addition, concerns about growth prospects in China also affected market sentiment, making raw material prices for the steel industry less vibrant in the short term.

Source: https://baoquangnam.vn/gia-thep-hom-nay-19-5-thi-truong-trong-nuoc-on-dinh-quoc-te-giam-gia-3155101.html