Steel prices on the exchange
Rebar on the Shanghai Futures Exchange (SHFE) for February 2025 delivery fell 5 yuan to 2,976 yuan/t.
Iron ore edged down as traders assessed mixed macroeconomic data from top consumer China, although a recovery in steel mill profits supported some commodities.
The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) fell 0.43% to 696.5 yuan ($97.00) a tonne.
Benchmark iron ore for July delivery (SZZFN5) on the Singapore Exchange fell 1.03% to $93.1 a tonne.
China's crude steel output fell 6.9 percent year-on-year to 86.55 million tonnes in May, data from the National Bureau of Statistics (NBS) showed.
Meanwhile, new home prices fell in May, extending a two-year slump, official data showed on Monday, highlighting challenges in the sector despite several rounds of policy support measures.
The country’s factory output growth hit a six-month low in May, although retail sales – a gauge of consumption – accelerated, providing temporary relief amid a fragile truce in the trade war with the United States.
While blast furnace production is peaking, margins remain high and steel mills are not incentivized to cut output, brokerage Galaxy Futures said.
About 60% of blast furnace steel mills in China reported positive profit margins as of June 12, consultancy Mysteel said.
Moreover, iron ore arrivals at ports fell 8.62% week on week to 23.85 million tonnes as of June 13, Mysteel data showed.
Other steelmaking components on the DCE gained, with coking coal and coking coal (DCJcv1) up 0.77% and 0.74%, respectively.
Steel benchmarks on the Shanghai Futures Exchange fell. Rebar fell 0.03%, hot-rolled coil fell 0.13%, wire rod (SWRcv1) fell 0.67% and stainless steel fell 0.6%.
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-18-6-quang-sat-dai-lien-dieu-chinh-giam-255907.html
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