World steel prices
Rebar on the Shanghai Futures Exchange (SHFE) for December 2025 delivery fell 14 yuan to 2,978 yuan/t.
Iron ore futures in Asia fell to their lowest since early May, after US President Donald Trump pledged to double steel and aluminum import tariffs from 25% to 50%, effective June 4.
Futures for the steelmaking ingredient fell about 1% to below $95 a tonne, amid concerns over escalating global trade tensions. Any weakness in Chinese demand for steel products could dampen demand for iron ore.
On the Singapore Exchange, iron ore futures hit an intraday low of $94.85 a tonne – the lowest since May 2 – before recovering above $95 a tonne. Meanwhile, China’s steel and iron ore futures markets were closed for a national holiday.
Base metals prices were mixed on the London Metal Exchange (LME). Three-month copper rose 1% to $9,593.00 a tonne, while aluminium edged up 0.2% to $2,444.50 a tonne.
The decline was mainly due to the Dragon Boat Festival holiday in China, which kept major market participants, including factories and traders, on the sidelines, resulting in limited spot demand and limited trading. With no Chinese buying interest, sentiment across the spot market remained subdued.
Adding to the bearish tone, geopolitical uncertainty has increased after US President Donald Trump announced plans to double steel import tariffs from 25% to 50%. Market participants are now taking a cautious stance, awaiting clearer signals from both China’s post-holiday demand recovery and the changing global trade environment.
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-3-6-tiep-tuc-giam-254460.html
Comment (0)