Steel price today June 25: Iron ore price falls on...

Iron ore futures snapped a three-day rally amid prospects of strong supply from top producer Australia, but strong steel demand in China capped the decline.

World steel prices

Rebar on the Shanghai Futures Exchange (SHFE) for December 2025 delivery fell 14 yuan to 2,980 yuan/t.

Iron ore futures snapped a three-day rally amid prospects of strong supply from top producer Australia, but strong steel demand in China capped the decline.

The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) fell 0.42 percent to 703 yuan ($97.97) a tonne.

Benchmark iron ore for July delivery (SZZFN5) on the Singapore Exchange fell 0.71% to $93.2 a tonne.

Rio Tinto, the world's largest iron ore producer, is entering into a joint venture with Hancock Prospecting to develop the Hope Downs 2 project in Western Australia.

Rio said in a statement that the two iron ore mines would have a combined annual production capacity of 31 million tonnes.

Meanwhile, iron ore shipments from Australia and Brazil rose 8.8% week-on-week in the June 16-22 period, the highest since June 2024, according to Chinese consultancy Mysteel.

Hot metal output, a gauge of iron ore demand, rose 0.24% to 2.422 million tonnes from the previous week as of June 20, data from Mysteel showed.

“Volumes have remained at around 2.4 million tonnes since April, showing the resilience of the world’s largest steel market,” ANZ analysts said.

However, the steel market is pricing in expectations of weaker seasonal demand, Hexun Futures said.

Other steelmaking components on the DCE fell, with coking coal and coke (DCJcv1) down 1.94% and 2.03%, respectively.

Steel benchmarks on the Shanghai Futures Exchange fell. Rebar and hot-rolled coil fell about 0.5%, wire rod (SWRcv1) fell 0.9% and stainless steel fell 0.28%.

Domestic 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.

In the Central region, Hoa Phat CB240 rolled steel is priced at 13,530 VND/kg; D10 CB300 ribbed steel 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.

In the South, Hoa Phat CB240 rolled steel is priced at VND13,790/kg; D10 CB300 ribbed steel is priced at VND13,740/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-25-6-quang-sat-rot-gia-tren-san-thuong-hai-256580.html