According to data updated on November 12, the domestic steel market continues to maintain stable prices. In contrast, iron ore and steel futures contracts in the international market recorded mixed developments, reflecting the tug-of-war between expectations of economic stimulus packages and concerns about weakening actual demand in China.
Domestic steel prices remain stable
According to SteelOnline.vn, construction steel prices in regions across the country have not had significant adjustments. Prices of input materials such as metallurgical coal and coke have also not fluctuated, contributing to maintaining the domestic price level of finished products. Below is a reference price list from some major brands:
| Trademark | Steel type | Northern region (VND/kg) | Central region (VND/kg) | Southern region (VND/kg) |
|---|---|---|---|---|
| Hoa Phat | CB240 steel coil | 13,500 | 13,500 | 13,500 |
| Hoa Phat | D10 CB300 ribbed steel bar | 13,090 | 10,090 | 13,090 |
| Vietnamese-Italian | CB240 steel coil | 13,640 | - | - |
| Vietnamese-Italian | D10 CB300 ribbed steel bar | 12,880 | - | - |
| Viet Duc | CB240 steel coil | 13,350 | 13,650 | - |
| Viet Duc | D10 CB300 ribbed steel bar | 12,850 | 13,050 | - |
| Viet Sing | CB240 steel coil | 13,330 | - | - |
| Viet Sing | D10 CB300 ribbed steel bar | 12,930 | - | - |
| VAS | CB240 steel coil | 13,330 | 13,430 | 13,130 |
| VAS | D10 CB300 ribbed steel bar | 12,730 | 12,830 | 12,730 |
The world market is divided.
Developments on international exchanges show a lack of consensus among investors on the short-term outlook of the steel industry.
Developments on the exchanges
- Shanghai Futures Exchange (SHFE): Rebar contract for July 2026 delivery increased by 4 yuan to 3,128 yuan/ton.
- DCE floor: Iron ore contract for January 2026 delivery increased 0.46% to 765 yuan/ton (equivalent to 107.40 USD/ton).
- Singapore Exchange: Benchmark iron ore contract for December delivery fell 0.12% to $102.05/tonne.
Analysis and forecasting
The decline in crude steel output since the start of the year has eased the pressure on production cuts in the remaining months, which, along with expectations of upcoming economic stimulus measures, is supporting market sentiment, said Steven Yu, an analyst at Mysteel. However, the pessimists are still concerned that weak steel demand, high raw material costs and production cuts by some mills could limit the price recovery.
In the Asian market, steel product prices also fluctuated erratically: rebar increased by 0.13%, hot-rolled coil increased by 0.52%, while wire rod and stainless steel decreased by 0.03% and 0.4%, respectively. Weak demand in the fourth quarter and trade protection measures, especially in Southeast Asia, are forecast to continue to put pressure on hot-rolled coil prices.
On the Chinese side, data shows that steel exports in the first 10 months of 2025 reached 97.74 million tons, up 6.6% year-on-year. However, seasonal declines in domestic demand and export controls are expected to continue to affect the Asian steel market in the coming period.
Source: https://baolamdong.vn/gia-thep-hom-nay-1211-thi-truong-trong-nuoc-on-dinh-the-gioi-trai-chieu-402190.html
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