The domestic steel market is stagnant.
According to a survey conducted on December 13th, the domestic construction steel market showed no new fluctuations. Most major brands maintained their listed prices amidst a lack of significant demand for construction at the end of the year.
In the North, the price of Hoa Phat 's CB240 steel coils remained at 13,500 VND/kg, while D10 CB300 ribbed steel bars fluctuated around 13,000 VND/kg. Other brands such as Viet Y, Viet Duc, and VAS also maintained stable selling prices.
In the central and southern regions, the market is also in a sideways trend. The price of CB240 steel coils from major brands such as Hoa Phat and VAS fluctuates between 13,400 and 13,650 VND/kg. The cautious sentiment of distributors and consumers is the main reason for this stability.
Reference price list for some brands (Unit: VND/kg)
| Trademark | Product | Prices in Northern Vietnam | Prices in the South |
|---|---|---|---|
| Hoa Phat | CB240 steel coil | 13,500 | 13,500 |
| Hoa Phat | D10 CB300 ribbed steel bar | ~13,000 | ~13,090 |
| VAS | CB240 steel coil | ~12,700 | But |
World iron ore prices are under pressure.
On the international market, steel and input material prices have been performing poorly. At the Shanghai Futures Exchange, the price of rebar for June 2026 delivery fell slightly to 3,069 yuan/tonne.
Notably, iron ore prices on the Dalian Commodity Exchange continued to fall, heading for a second consecutive week of declines. The most actively traded contract dropped to 759.5 yuan/tonne. The main reason is believed to be weakening seasonal steel demand in China due to cold weather affecting construction activities.
Data from Mysteel shows that average daily hot pig iron output in China, a key indicator of iron ore demand, has fallen to its lowest level in three months. At the same time, iron ore inventories at the country's ports have risen to their highest level in nearly three months, adding further pressure on prices.
On the Singapore Exchange, January iron ore futures saw a slight recovery to $101.9 per ton, but overall for the week still recorded a decline of about 1%. Other raw materials such as metallurgical coal and coking coal also fell sharply.
Market forecast
Although the market decline was somewhat mitigated by China's commitment to maintaining fiscal policy and stabilizing the real estate market, short-term pressure is expected to continue. The steel market may only see more positive signs when construction demand recovers significantly at the beginning of next year.
Source: https://baolamdong.vn/gia-thep-1312-trong-nuoc-di-ngang-quang-sat-the-gioi-giam-409985.html
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