Steel price today June 20: Iron ore futures price decreased due to...

Iron and steel prices on June 20, Dalian iron ore continued to fall as the prolonged crisis in China's real estate market continued to put pressure on the demand outlook for steelmaking materials.

Steel prices on the exchange

Rebar on the Shanghai Futures Exchange (SHFE) for February 2025 delivery fell 1 yuan to 2,979 yuan/t.

Iron ore futures fell as a prolonged crisis in China's property market continued to weigh on the demand outlook for the steelmaking material.

The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) fell 0.36% to 692.5 yuan ($96.32) a tonne.

Benchmark iron ore for July delivery (SZZFN5) on the Singapore Exchange was trading steady at $92.35 a tonne.

Downstream demand in China has entered the low season and inventories continue to build up, brokerage Hexun Futures said in a note.

Total iron ore inventories across ports in China rose about 1.06% week on week to 133.4 million tonnes as of June 13, according to Steelhome data.

Moreover, real estate sales have weakened and market sentiment has turned cautious, Hexun added.

China's new home prices fell in May, extending a two-year slump, official data showed on Monday.

Demand for new homes in China is likely to remain significantly below the market's 2017 peak for the next few years, Goldman Sachs said, in a forecast that suggests the world's second-largest economy faces a prolonged property downturn.

Meanwhile, the dollar index, which measures the currency against six others, was at 98.957 and was set to gain 0.8% for the week, its strongest weekly gain since late February.

A stronger greenback makes dollar-denominated assets less accessible to holders of other currencies.

Other steelmaking components on the DCE also fell, with coking coal and metallurgical coal (DCJcv1) down 1.07% and 0.69%, respectively.

Steel benchmarks on the Shanghai Futures Exchange were mixed. Steel rebar and hot-rolled coil both fell about 0.2%, while stainless steel rose 0.56% and steel wire rod (SWRcv1) edged up 0.06%.

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 13,790 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 13,990 VND/kg.

Viet Duc Steel, with CB240 coil steel line at 13,550 VND/kg, D10 CB300 ribbed steel bar is priced at 13,550 VND/kg.

Viet Sing Steel, with CB240 coil steel, is priced at VND13,690/kg; D10 CB300 ribbed steel is priced at VND13,580/kg.

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

Steel prices in the Central region

Hoa Phat Steel, with CB240 coil steel line, is at 13,530 VND/kg; D10 CB300 ribbed steel bar is priced at 13,530 VND/kg.

Viet Duc Steel, currently CB240 rolled steel is at 14,050 VND/kg; D10 CB300 ribbed steel is priced at 14,000 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 13,790 VND/kg; D10 CB300 ribbed steel is priced at 13,740 VND/kg.

VAS steel, CB240 coil steel line is at 13,740 VND/kg; D10 CB300 ribbed steel bar is priced at 13,840 VND/kg.

Source: https://baodaknong.vn/gia-thep-hom-nay-20-6-gia-quang-sat-ky-han-giam-do-su-suy-thoai-cua-thi-truong-bat-dong-san-trung-quoc-256136.html