Steel price today November 19: Domestic price remains unchanged, Chinese iron ore price increases

The domestic steel market maintained stable selling prices on November 19, in contrast to the increase in steel and iron ore futures prices in China to a two-week high.

Mixed developments in the steel market

During the trading session on November 19, the Vietnamese steel market recorded no changes in selling prices, maintaining a stable state. In contrast, the futures market in China saw steel and iron ore prices continue to rise, supported by short-term demand.

Steel and iron ore prices on international exchanges are on an upward trend. Illustrative photo/TL.

World markets recorded an upward trend

On international exchanges, prices of raw materials for steel production have fluctuated significantly. Specifically, at the end of the trading session on November 18:

• On the Shanghai Futures Exchange: December rebar futures rose 0.33%, or 10 yuan, to 3,048 yuan/ton.
• On the Dalian Commodity Exchange (DCE): Iron ore futures for January 2026 delivery rose 1.41% to close at 792 yuan per tonne (about $111.35), the highest level since November 3.
• On the Singapore Exchange (SGX): Iron ore futures price for December delivery increased slightly by 0.01 USD, reaching 104.4 USD/ton.

Iron ore’s rise was driven by relatively stable immediate demand as some steel mills in China resumed operations after maintenance, but gains were capped by profit-taking and sluggish spot market liquidity, Reuters reported.

In contrast to iron ore, prices of other steelmaking raw materials fell. Coking coal and coke prices recorded a decrease of 3.86% and 2.86% respectively.

Stable domestic steel market

In Vietnam, construction steel prices on November 19 were kept unchanged by businesses in all three regions. According to distributors, the reason for this stability comes from abundant supply, input costs that have not fluctuated much, and demand from the construction industry that has not shown signs of a breakthrough.

Reference steel price list at some major brands:

Trademark	Product	Price (VND/kg)
Hoa Phat (North)	CB240 steel coil	13,500
Hoa Phat (North)	D10 CB300 rebar steel	13,090
Vietnamese-Italian	CB240 steel coil	13,640
Vietnamese-Italian	D10 CB300 rebar steel	12,880
VAS (South)	CB240 steel coil	13,130
VAS (South)	D10 CB300 rebar steel	12,730

In the short term, domestic steel prices are likely to continue to move sideways, waiting for clearer signals from world market developments as well as policies to promote public investment at the end of the year.

Source: https://baolamdong.vn/gia-thep-hom-nay-1911-noi-dia-di-ngang-quang-sat-trung-quoc-tang-403709.html