International steel prices fall sharply

Domestic steel prices

On the morning of April 8, 2025, according to an update from SteelOnline.vn, steel prices in the three regions of the North, Central and South showed signs of a slight decrease in some brands. The common prices for CB240 rolled steel products and D10 CB300 rebars ranged from 13,400 to 14,140 VND/kg.

In the North, Viet Duc steel prices are VND13,430/kg for CB240 and VND13,740/kg for D10 CB300. Hoa Phat listed VND13,530/kg for CB240 and VND13,580/kg for D10 CB300. Viet Sing quoted slightly lower prices at VND13,330/kg for CB240 and VND13,530/kg for D10 CB300.

In the Central region, Viet Duc steel prices were significantly higher, with CB240 at VND13,840/kg and D10 CB300 at VND14,140/kg. Meanwhile, Hoa Phat kept prices more stable, at VND13,530 and VND13,640/kg, respectively.

In the South, steel prices also tend to maintain a similar level. Hoa Phat quoted VND13,530/kg for CB240 and VND13,640/kg for D10 CB300. VAS offered lower prices with CB240 at VND13,380/kg and D10 CB300 at VND13,480/kg. TungHo priced CB240 at VND13,400/kg and D10 CB300 at VND13,750/kg.

Steel prices on international exchanges

On the Shanghai Futures Exchange, the price of rebar for October 2025 delivery recorded a slight increase of 20 yuan, to 3,163 yuan/ton.

Meanwhile, iron ore prices on the international market fell significantly. The May iron ore contract on the Dalian Commodity Exchange fell 2.6% to 768.5 yuan a tonne ($105.10). Earlier in the session, prices even fell as low as 754 yuan a tonne – the lowest since March 21.

On the Singapore Exchange, the benchmark iron ore price for May delivery also fell 2.21% to $98.4/ton. The main reason was the increasing trade tensions between the US and China. After the US imposed a 34% tariff on Chinese goods, Beijing immediately retaliated with a similar tariff on US goods.

According to experts from Galaxy Futures, the new US tariffs create external shocks that directly affect the iron ore market in the short term. This escalation of tensions also leads to a sharp decline in the Chinese stock market.

Despite the peak construction season (March-April), demand for steelmaking raw materials did not increase as strongly as expected. Hot metal output – an indicator of iron ore demand – recorded a slight increase of 14,500 tonnes to 2.3873 million tonnes.

In addition, other raw materials in the steel production chain such as metallurgical coal and coking coal also fell. Metallurgical coal lost 2.16%, while coking coal fell 1.1%. Finished steel products on the Shanghai Futures Exchange were also under strong downward pressure. Rebar fell 2.24%, hot-rolled coil fell nearly 2.5%, steel bars fell 2.74%, and stainless steel fell as much as 3.65%.

Source: https://baoquangnam.vn/gia-thep-hom-nay-8-4-2025-gia-thep-quoc-te-giam-sau-3152291.html