Steel price today June 22: All up

Domestic steel prices remained unchanged on June 22, while iron ore prices in Dalian are expected to increase as demand from China continues to remain high.

World steel prices

At the end of the trading session on June 21, the price of steel rebar for July delivery on the Shanghai Stock Exchange increased by 0.03% (1 yuan) to 3,034 yuan/ton.

On the Dalian Commodity Exchange, July iron ore futures rose 0.63 percent (4.5 yuan) to 723.5 yuan a tonne. Meanwhile, July iron ore futures on the Singapore Exchange-SGX rose 0.83 US dollars to 93.51 US dollars a tonne.

Compared to the end of last week, the price of rebar on the Shanghai Stock Exchange and iron ore on the Dalian Stock Exchange, SGX changed by +1.1%, -1% and -0.7% respectively.

In another development, the European hot-rolled coil market continues to be under pressure due to weak demand, oversupply and falling prices. However, HRC prices are expected to recover in the second half of the year.

According to World Steel Dynamics (WSD), HRC prices may test a new bottom of EUR 570–580/t in the coming period, due to sluggish demand, fierce competition among producers and large import offers.

Currently, HRC prices in Northern Europe have dropped to EUR 590–610/t EXW (ex-works), while in Southern Europe they are EUR 570–590/t EXW. Imports from third countries have also become cheaper, with Italian offers down EUR 20 and hovering around EUR 480–500/t CIF.

According to market sources, customer buying activity remains low. Buyers are avoiding new orders, expecting prices to fall further. Service centers in Italy are overstocked and buying selectively.

Manufacturers across Europe are cutting prices to fill order books. But even aggressive pricing policies are failing to spur new deals.

However, WSD sees a potential market reversal in the fall. Positive factors could include a trade deal between the US and the EU; declining steel production in China; and CBAM costs being passed on to prices in the fourth quarter.

In another development, in Spain, the Unesid Association has called for support for the country's metallurgical industry amid the difficult situation. This content was presented at the association's annual congress.

Bernardo Velázquez, President of Unesid, stressed that despite some signs of recovery in production and consumption, the Spanish steel industry is still facing difficulties due to unfavorable conditions in the international market, rising energy costs, the rapid green transition and competition from third countries.

The association calls for a more ambitious European industrial policy, predictable energy prices, and a fairer regulatory framework. Without these, strategic autonomy in key areas such as energy, defence and infrastructure would be threatened. In addition, Unesid proposes an effective and sustainable trade defence instrument.

Domestic steel prices

Domestically, businesses keep steel prices stable. Specifically, the price of Hoa Phat 's CB240 steel is recorded at 13,650 VND/kg; CB300 steel is quoted at 13,790 VND/kg. Similarly, at Viet Duc Steel, the price of CB240 steel is at 13,350 VND/kg; D10 CB300 steel is priced at 13,350 VND/kg. For Thai Nguyen steel, the price of CB240 steel remains at 13,970 VND/kg and D10 CB300 at 14,080 VND/kg.

Steel prices in the North: According to SteelOnline.vn, Hoa Phat steel brand, with CB240 steel coil line at 13,650 VND/kg; D10 CB300 ribbed steel bar at 13,790 VND/kg; Viet Y steel brand, CB240 steel coil line at 13,890 VND/kg; D10 CB300 ribbed steel bar at 13,990 VND/kg; Viet Duc steel, with CB240 steel coil line at 13,550 VND/kg, D10 CB300 ribbed steel bar at 13,550 VND/kg; Viet Sing steel, with CB240 steel coil line at 13,690 VND/kg; D10 CB300 ribbed steel bar at 13,580 VND/kg; VAS steel, with CB240 steel coil line at 13,740 VND/kg; D10 CB300 rebar steel costs 13,740 VND/kg.

Steel prices in the Central region: Hoa Phat Steel, with CB240 coil steel line, at 13,530 VND/kg; D10 CB300 ribbed steel bar is priced at 13,530 VND/kg; Viet Duc Steel, currently CB240 coil steel line is priced at 14,050 VND/kg; D10 CB300 ribbed steel bar is priced at 14,000 VND/kg; VAS Steel, CB240 coil steel line is priced 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 bar at 13,740 VND/kg; VAS Steel, CB240 rolled steel line at 13,740 VND/kg; D10 CB300 ribbed steel bar at 13,840 VND/kg.

Source: https://baodaknong.vn/gia-thep-hom-nay-22-6-dong-loat-di-len-256288.html