World steel prices
At the end of the trading session on June 6, the price of June rebar on the Shanghai Futures Exchange increased by 1.07% (31 yuan) to 2,924 yuan/ton. On the Dalian Exchange, the price of June iron ore on the Dalian Exchange was flat at 754.5 yuan/ton. Meanwhile, the price of June iron ore on the Singapore Exchange increased by 0.59 USD to 96.26 USD/ton.
Compared to the end of last week, Dalian and Singapore iron ore prices changed (+0.3%) and (-0.2%) respectively. Steel prices on the Shanghai Stock Exchange remained almost unchanged.
The new 50% US tariff on imported steel has dealt a heavy blow to the already weakened European steel market. According to the latest economic and market forecasts of the European Steel Association (EUROFER), the growth that was expected in 2025 will not happen. Instead, the EU will see its fourth consecutive year of steel consumption decline (-0.9%) in 2025, following a 1.1% decline in 2024.
The industrial sector remains weak, despite the relative resilience of the services sector. Total steel consumption will not increase significantly until 2026, and consumption volumes are still well below pre-pandemic levels.
Steel consumption in the European Union continues to decline and according to EUROFER's “Steel Market and Economic Outlook 2025–2026, Q2” report, both actual and apparent steel consumption in the EU will continue to decline by 3.3% and 0.9% year-on-year, respectively.
Actual consumption, which represents the actual steel use by key sectors, is expected to fall by 4.7% in 2024 and by 8.5% in the fourth quarter alone. The forecast further decline in 2025 reflects the continuing crisis amid low business confidence, weak industrial production and the lack of prerequisites for demand recovery.
Apparent consumption, including stock movements, recorded a slight increase at the end of 2024 (+0.5% y/y), but was still down 1.1% for the year as a whole. EUROFER notes that expectations of an improvement in 2025 have not materialised due to new risks, in particular the impact of new US trade tariffs.
Domestic production is also under great pressure due to the high proportion of imported steel: in 2024, the proportion of imports accounted for 27% of total consumption – one of the highest levels in history. Meanwhile, domestic steel supply decreased by 2.8% compared to the same period last year.
EUROFER does not expect the market to recover before 2026, when apparent steel consumption is expected to increase by 3.4% year-on-year. However, this recovery is only possible if economic conditions improve and global tensions ease.
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-7-6-dien-bien-tich-cuc-254889.html
![[OCOP REVIEW] Tu Duyen Syrup - The essence of herbs from the mountains and forests of Nhu Thanh](https://vphoto.vietnam.vn/thumb/402x226/vietnam/resource/IMAGE/2025/6/5/58ca32fce4ec44039e444fbfae7e75ec)
Comment (0)