Steel price today November 15: World fluctuates, domestic stable

Updated on November 15, the steel market shows a clear differentiation between world and domestic prices. While international exchanges recorded mixed fluctuations due to inconsistent economic data from China, domestic construction steel prices remained stable.

Steel price today November 15th Mixed fluctuations on the trading floor

Developments in the world steel market

On the Shanghai Futures Exchange (SHFE), steel prices fluctuated unevenly. Specifically, rebar for delivery in July 2026 increased by 4 yuan to 3,131 yuan/ton. Meanwhile, hot-rolled coil was almost flat, wire rod fell by 1.81% and stainless steel fell by 0.76%.

In terms of raw materials, iron ore futures traded in a narrow range. The January iron ore contract on the Dalian Commodity Exchange (DCE) rose 0.26 percent to 772.5 yuan ($108.45) a tonne. On the other hand, the benchmark iron ore contract for December delivery on the Singapore Exchange fell 0.33 percent to $102.45 a tonne.

Contradictory factors

The market is being weighed down by conflicting economic signals from China. On the one hand, iron ore demand has been better than expected, with average daily hot metal output rising 1.1% week-on-week to 2.37 million tonnes in the week ended Nov. 13, according to data from Mysteel. This is the highest level in three weeks.

On the other hand, the upward momentum is limited by the difficult situation in China's real estate market. Data showed that new home prices fell at the fastest pace in a year in October, along with a decline in investment and construction starts. In addition, new loans from Chinese banks also fell sharply in October, reflecting a cautious market sentiment.

Meanwhile, other steelmaking raw materials such as coke and coking coal also recorded decreases of 1.77% and 0.98%, respectively.

Domestic steel prices remain stable

In contrast to the world market, domestic steel prices on November 15 did not record any new fluctuations. Major manufacturing and distribution enterprises kept their listed prices unchanged in all three regions of the North, Central and South.

According to distributors, the reason for this stability is due to abundant domestic supply, input costs have not changed much and demand from the construction industry has not shown signs of a breakthrough in November.

Reference price list at some major brands

Trademark	Product	Price in the North (VND/kg)	Price in Central region (VND/kg)	Price in the South (VND/kg)
Hoa Phat	CB240 steel coil	13,500	13,500	13,500
Hoa Phat	D10 CB300 ribbed steel bar	13,090	13,090	13,090
Vietnamese-Italian	CB240 steel coil	13,640	-	-
Vietnamese-Italian	Rebar	12,880	-	-
VAS	Construction steel	13,330 – 12,730	13,430 – 12,830	13,130 – 12,730
Viet Duc	Construction steel	13,350 – 12,850	13,650 – 13,050	-
Viet Sing	Construction steel	13,330 – 12,930	-	-

In the short term, domestic steel prices are forecast to continue moving sideways, waiting for clearer signals from the world market and policies to promote public investment at the end of the year.

Source: https://baolamdong.vn/gia-thep-hom-nay-1511-the-gioi-bien-dong-trong-nuoc-on-dinh-402913.html