Steel prices today, June 15, all increased

Most benchmark steel prices on the Shanghai Futures Exchange rose.

Steel prices in the North

According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 14,090 VND/kg; D10 CB300 ribbed steel bar is priced at 14,440 VND/kg.

Viet Y Steel brand, CB240 rolled steel line is priced at 14,240 VND/kg; D10 CB300 ribbed steel bar is priced at 14,340 VND/kg.

Viet Duc Steel, with CB240 coil steel line at 14,240 VND/kg, D10 CB300 ribbed steel bar is priced at 14,590 VND/kg.

Viet Sing Steel, with CB240 coil steel priced at 14,010 VND/kg, D10 CB300 ribbed steel remains at 14,210 VND/kg.

VAS steel, with CB240 coil steel line at 14,310 VND/kg; D10 CB300 ribbed steel bar is priced at 14,310 VND/kg.

Steel prices in the Central region

Hoa Phat Steel, with CB240 coil steel line at 14,140 VND/kg; D10 CB300 ribbed steel bar is priced at 14,440 VND/kg.

Viet Duc Steel, currently CB240 coil steel is at 14,750 VND/kg; D10 CB300 ribbed steel is priced at 15,000 VND/kg.

VAS steel, currently CB240 coil steel is at 14,410 VND/kg; D10 CB300 ribbed steel is priced at 14,260 VND/kg.

Pomina steel, with CB240 coil steel line at 14,940 VND/kg; D10 CB300 ribbed steel bar is priced at 15,200 VND/kg.

Steel prices in the South

Hoa Phat Steel, CB240 rolled steel is at 14,140 VND/kg; D10 CB300 ribbed steel is priced at 14,440 VND/kg.

VAS steel, CB240 coil steel line is at 14,310 VND/kg; D10 CB300 ribbed steel bar is priced at 14,210 VND/kg.

Pomina steel, CB240 coil steel line is at 14,790 VND/kg; D10 CB300 ribbed steel bar is priced at 14,990 VND/kg.

Steel prices on the exchange

Shanghai Futures Exchange (SHFE) for March 2025 delivery rose 5 yuan to 3,689 yuan/ton.

Iron ore futures rose for a second straight session, supported by higher-than-expected output of the hot metal, although concerns about demand and high inventories in top consumer China pushed prices down for a third straight week.

The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) was up 1.97% at 827.50 yuan ($114.05) a tonne, but has fallen 1.7% so far this week.

Benchmark iron ore for July delivery on the Singapore Exchange rose 0.23% to $107.1 a tonne.

Average daily hot metal output at surveyed steelmakers rose 1.5% week-on-week to 2.39 million tonnes as of June 14, the highest since November 2023, data from consultancy Mysteel showed.

Separately, China's central bank held a meeting on Wednesday to boost financial support for affordable housing to speed up sales of unsold homes, the latest effort to revive the struggling property sector.

“The Chinese government is trying to revive the property sector with some resources deployed, but I think there will be some more measures that need to be deployed in the market to support the sector and bring back consumer confidence,” said ANZ analyst Soni Kumari.

“A sharp rise in iron ore inventories at mainland Chinese ports, which reached 147.3 million tonnes as of June 7, is likely to put a cap on prices in the coming months,” BMI Research said in a note.

Other steelmaking raw materials on the DCE also rose, with coking coal and coke rising 2.41% and 3.92% respectively.

Most benchmark steel futures prices on the Shanghai Futures Exchange rose. Rebar rose 0.72%, hot-rolled coil rose 0.74%, wire rod rose 0.83%, while stainless steel fell 0.57%.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-ngay-15-6-tren-san-giao-dich-tuong-lai-thuong-hai-deu-tang.html