Iron ore futures on the Dalian Commodity Exchange fell 1.87% to 709 yuan ($97.30) per tonne, but were up 0.35% for the week. Similarly, iron ore futures for May 2025 on the Singapore Commodity Exchange fell 0.85% to $98.60 per tonne, but also posted a 1.08% gain for the week.
Iron ore demand in the short term is expected to increase as steelmakers actively replenish stocks ahead of the Labor Day holiday, according to brokerage Hexun Futures.
On the Shanghai exchange, construction steel prices fell nearly 0.5%, hot-rolled coil fell 0.31%, regular coil fell 1.17% and stainless steel fell 0.59%.
However, there are some positive signs in the market. According to ANZ, steel production in China recovered in March, reaching 93 million tons thanks to improved mill profit margins. At the same time, finished steel inventories at mills and traders also decreased, reflecting signs of a gradual improvement in domestic consumption, despite the challenging macroeconomic environment.
In terms of policy, the US has signaled its willingness to reduce tariffs on China to ease trade tensions. However, Washington has not yet taken any concrete action. US Treasury Secretary Scott Bessent said that the current tariffs are unsustainable, but also affirmed that the US will not make unilateral concessions. This development continues to put pressure on the outlook for steel consumption, especially in the context of China's real estate sector still facing many difficulties.
At 8:00 a.m. on April 25, 2025, domestic steel prices continued to increase slightly for some brands in all three regions. Currently, steel prices range from 13,380 to 14,200 VND/kg, mainly for CB240 rolled steel products and D10 CB300 rebars.
In the North, Viet Duc Steel prices were recorded at VND13,500/kg for CB240 coil steel and VND13,800/kg for D10 CB300 ribbed steel. Hoa Phat Steel sold CB240 coil steel at VND13,550/kg and D10 CB300 steel at VND13,600/kg. Meanwhile, Viet Sing Steel had slightly lower prices, with CB240 coil steel at VND13,450/kg and D10 CB300 steel at VND13,650/kg.
In the Central region, Viet Duc steel prices are higher, with CB240 rolled steel reaching VND13,800/kg and D10 CB300 steel reaching VND14,200/kg. Hoa Phat steel prices in this region are also recorded at VND13,650/kg for rolled steel and VND13,750/kg for ribbed steel.
In the South, Hoa Phat steel prices were stable with CB240 coil steel at VND13,550/kg and D10 CB300 steel at VND13,650/kg. VAS steel prices were lower, with CB240 coil steel at VND13,380/kg and D10 CB300 ribbed steel at VND13,480/kg. TungHo brand also recorded CB240 coil steel at VND13,400/kg and D10 CB300 ribbed steel at VND13,750/kg.
In general, domestic steel prices in the last days of April continued to maintain a slight upward trend, reflecting stable consumption demand and impacts from the input material market.
Source: https://baoquangnam.vn/gia-thep-hom-nay-26-4-2025-quoc-te-giam-nhe-3153658.html
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