It is forecasted that in the coming time, construction steel prices may recover in a slight upward direction, but it is unlikely to have a strong breakthrough like other material groups due to the current abundant supply.
World steel prices
The price of rebar on the Shanghai Futures Exchange (SHFE) for March 2026 delivery increased by 38 yuan to 3,204 yuan/ton.
Iron ore futures rose, supported by strong steel demand amid output curbs in China's top steelmaking regions.
The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) rose 1.3% to 781.5 yuan ($108.87) a tonne.
Iron ore futures for August delivery (SZZFQ5) on the Singapore Exchange rose 0.66% to $100.6 a tonne.
Steel output has recovered in China, helped by rapid stockpiling of construction materials, strong manufacturing demand and sustained growth in steel exports, brokerage Galaxy Futures said in a report.
Galaxy said major steelmaking regions Shanxi and Tangshan have begun implementing output curbs.
Improving factory margins are starting to boost demand optimism, ANZ analysts said in a report.
Domestic steel prices
Domestically, businesses stabilize construction steel prices. Specifically, Hoa Phat 's CB240 steel price is recorded at 13,230 VND/kg; CB300 steel is at 12,830 VND/kg.
At Viet Y Steel, the price of CB240 steel is at 13,130 VND/kg; D10 CB300 steel is at 12,520 VND/kg. Viet Sing Steel recorded 13,130 VND and 12,930 VND/kg respectively.
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.
According to the Vietnam Steel Association (VSA), the domestic steel industry recorded positive signals in May 2025 when both production and consumption grew compared to the same period in 2024. Finished steel output reached 2.79 million tons, up 8%, while consumption reached 2.88 million tons, up sharply by 13%. Accumulated in the first 5 months of the year, output reached 13 million tons (up 9%) and consumption reached 13.22 million tons (up 11%).
On the other hand, data from the Customs Department shows that steel exports continue to plummet. In May 2025, the export volume reached only 893,000 tons, with a turnover of 600 million USD, down 18.4% and 15.5% respectively compared to the previous month. Although the average export price increased slightly to 672 USD/ton (up 3.6%), it was not enough to offset the decrease in output.
Regarding domestic steel prices, VSA representatives forecast that in the coming time, construction steel prices may recover in a slight upward direction, but it is unlikely to have a strong breakthrough like other material groups due to the current abundant supply. Large steel factories have proactively increased their capacity to meet domestic demand, offsetting the decline from the export market.
“The outlook for domestic steel prices is leaning towards a cautious recovery. If policies to promote public investment and improve the real estate environment are effective, the steel market will have more traction to maintain growth momentum in the second half of 2025. However, the recovery speed will depend largely on the progress of capital disbursement and the actual stimulus capacity of infrastructure projects,” the VSA representative emphasized.
Source: https://baolamdong.vn/gia-thep-hom-nay-20-7-gia-thep-xay-dung-co-the-tang-nhe-382939.html
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