Steel price today December 3, 2025: Domestic price remains stable

Steel prices today, December 3, 2025, in Vietnam fluctuated between 12,520 and 13,640 VND/kg and remained unchanged. World iron ore prices increased slightly thanks to stable infrastructure demand.

Domestic steel prices remain stable on the morning of December 3

Steel prices in the domestic market on the morning of December 3, 2025 were recorded as stable in all three regions of the North, Central and South. Steel prices fluctuated between 12,520 - 13,640 VND/kg for popular products such as CB240 coil steel and D10 CB300 rebar steel.

In the North, Viet Y steel has the highest CB240 price of 13,640 VND/kg. Hoa Phat steel maintains CB240 at 13,500 VND/kg.

In the Central region, Viet Duc steel listed CB240 at 13,650 VND/kg.

In the South, TungHo steel has the lowest price with D10 CB300 rebar at 12,520 VND/kg. Hoa Phat steel continues to keep the price of CB240 at 13,500 VND/kg in this region.

Steel prices on international exchanges

On the Shanghai Futures Exchange (SHFE) steel futures market, prices fell slightly. Specifically, rebar for delivery in July 2026 fell 14 yuan to 3,178 yuan/ton. Other steel products such as hot-rolled coil, wire rod and stainless steel also fell between 0.3% and 0.56%.

However, iron ore futures edged up slightly. The January iron ore contract on China’s Dalian Commodity Exchange (DCE) rose 0.5% to 800.5 yuan a tonne. Benchmark iron ore on the Singapore Exchange also rose 0.17% to $103.75 a tonne.

Steady infrastructure demand and steel consumption have supported iron ore prices, offsetting recent weak economic data from China. Brokerage firm Galaxy Futures said the recent increase in infrastructure demand, consistent with seasonal patterns, should allow steel prices to continue their upward trend in the short term.

Meanwhile, global iron ore production is expected to accelerate between 2025 and 2029, with the Simandou project in Guinea being the main growth driver. However, CreditSights warned that delays in development due to political and social instability and resource nationalism are expected to negatively impact the sector.

Weak economic data from China has weighed on markets across the board, including iron ore. The official PMI survey showed China's manufacturing activity contracted for the eighth consecutive month in November.

Policymakers in China are struggling to restart economic activity amid a global recession, a lingering property crisis and local government debt pressures.

In contrast, other steelmaking raw materials on the DCE all rose, with metallurgical coal and coking coal rising 1.86% and 2.45%, respectively. Coking plants are increasing output, helping to slightly improve steel mills' profit margins.

Source: https://baodanang.vn/gia-thep-hom-nay-3-12-2025-noi-dia-giu-on-dinh-3312418.html