Steel price today March 4: continues to decrease

Steel benchmarks on the Shanghai Futures Exchange traded flat.

Steel prices in the North

According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 13,480 VND/kg; D10 CB300 ribbed steel bar is priced at 13,580 VND/kg.

Viet Y Steel brand, CB240 rolled steel line is priced at 13,580 VND/kg; D10 CB300 ribbed steel bar is priced at 13,690 VND/kg.

Viet Duc Steel, with CB240 coil steel line at 13,430 VND/kg, D10 CB300 ribbed steel bar is priced at 13,740 VND/kg.

Viet Sing Steel, with CB240 coil steel priced at 13,400 VND/kg; D10 CB300 ribbed steel bar priced at 13,700 VND/kg.

VAS steel, with CB240 coil steel line at 13,400 VND/kg; D10 CB300 ribbed steel bar is priced at 13,450 VND/kg.

Steel prices in the Central region

Hoa Phat Steel, with CB240 coil steel line, is at 13,530 VND/kg; D10 CB300 ribbed steel bar is priced at 13,640 VND/kg.

Viet Duc Steel, currently CB240 coil steel is at 13,840 VND/kg; D10 CB300 ribbed steel is priced at 14,140 VND/kg.

VAS steel, CB240 coil steel line is at 13,800 VND/kg; D10 CB300 ribbed steel bar is priced at 13,850 VND/kg.

Steel prices in the South

Hoa Phat Steel, CB240 rolled steel, at 13,690 VND/kg; D10 CB300 ribbed steel is priced at 13,840 VND/kg.

VAS steel, CB240 coil steel line is at 13,450 VND/kg; D10 CB300 ribbed steel bar is priced at 13,550 VND/kg.

Steel prices on the exchange

Rebar on the Shanghai Futures Exchange (SHFE) for November 2025 delivery fell 14 yuan to 3,383 yuan/t.

Iron ore futures fell for a sixth straight session amid rising trade tensions between the United States and top consumer China, overshadowing upbeat Chinese manufacturing data.

The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) ended the day's session down 2.81 percent at 779.5 yuan ($106.91) a tonne.

Earlier in the session, prices hit 777.5 yuan per tonne, the lowest since January 14.

Benchmark iron ore for April delivery on the Singapore Exchange fell 2.53% to $99.85 a tonne.

US Treasury Secretary Scott Bessent said Mexico has proposed matching US tariffs on China after US President Donald Trump announced an additional 10% tariff on Chinese imports last week.

President Trump also announced plans to impose a 25% tariff on all imported steel and aluminum from March 4, causing a new wave of trade tensions over Chinese steel.

Iron ore prices were also pressured by market talks about China's potential cut in crude steel output by 50 million tonnes by 2025.

China's state planner and the state-backed China Iron and Steel Association did not respond to Reuters requests for comment.

However, China's manufacturing activity grew at a faster pace in February, helped by stronger supply and demand and a recovery in export orders.

The positive trend in the survey was in line with official PMI data released on Saturday, which showed manufacturing activity expanded at its fastest pace in three months in February.

The data will reassure officials that stimulus measures introduced last year are helping the economy recover amid sluggish demand and a struggling property sector.

Other steelmaking components on the DCE gained, with coking coal up 0.96% and 0.24% respectively.

Steel benchmarks on the Shanghai Futures Exchange traded flat. Rebar fell 0.66%, stainless steel edged up 0.04%, wire rod fell about 0.1%, while hot-rolled coil remained unchanged.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-4-3-tiep-tuc-giam.html