World steel prices
At the end of the trading session on May 19, the price of June rebar on the Shanghai Futures Exchange decreased by 0.72% (22 yuan) to 3,051 yuan/ton. On the Dalian Exchange, the price of May iron ore futures decreased by 3.94% (31.5 yuan) to 767.5 yuan/ton. Similarly, the price of iron ore on the Singapore Exchange decreased by 0.4 USD to 100.2 USD/ton.
Overall, China's industrial production and retail sales growth slowed in April, official data showed on Thursday, as the trade war threatens to undermine the economic recovery, Reuters reported.
Additionally, real estate investment in China fell 10.3% in the first four months of 2025 year-on-year, after falling 9.9% in the first quarter.
China's crude steel output in April fell 7% from March to around 86 million tonnes, but remained relatively high.
Pig iron output, a key gauge of iron ore demand, fell 8,700 tonnes from the previous month to 2.45 million tonnes, due to maintenance shutdowns at some blast furnaces, according to brokerage Everbright Futures.
Meanwhile, total iron ore inventories at Chinese ports edged up slightly, up 0.26% on the week to 137 million tonnes as of May 16, according to data from Steelhome.
However, the number of profitable blast furnace steel mills in China continued to increase (weekly), thanks to the recovery in finished steel prices, according to consultancy Mysteel.
In another development, Tokyo Steel Manufacturing Corporation, Japan's leading electric arc furnace steelmaker, announced that it will keep prices of its steel products unchanged in June to help stabilize the market, with the aim of allowing recent price cuts to be fully absorbed by the market.
In June, the price of rebar (including steel bars) will be kept at 85,000 yen (about 585 USD) per ton, while the price of H-shaped steel will remain at 112,000 yen (about 771 USD) per ton.
In May, the company lowered prices on some steel products, including H-beams – its flagship product, following price cuts on other items since April.
The company said that the overseas market is in a state of oversupply, international transactions continue to stagnate. In the domestic market, demand for construction steel is weak due to projects being delayed due to high costs, while the steel plate market also continues to stagnate.
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.
Source: https://baodaknong.vn/gia-thep-hom-nay-20-5-chiu-ap-luc-tu-du-lieu-trung-quoc-gia-thep-dong-loat-giam-manh-253072.html
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