International steel and iron ore prices have risen simultaneously.
Steel and iron ore futures prices on international exchanges have risen to their highest levels in a week. The main drivers are increased spot market buying and accelerated stockpiling in China ahead of the Lunar New Year holiday.
On the Shanghai Futures Exchange (SHFE), the price of rebar for August 2026 delivery rose by 9 yuan to 3,129 yuan per ton. Most other steel products also recorded gains, with steel bars and hot-rolled coils rising by over 1%.
For iron ore, the most actively traded contract on the Dalian Commodity Exchange (DCE) rose 1.63% to 777.5 yuan/tonne, its highest level since December 8th. On the Singapore exchange, the January iron ore futures contract also rose for the fourth consecutive session, reaching $104.55/tonne.
The cause stems from the Chinese market.
Analysts believe that the sharp drop in coal and coking coal prices last week helped improve the profit margins of some steel mills. With inventories at low levels, Chinese mills are expected to increase purchases of iron ore and other raw materials to support production plans ahead of the holiday, although hot pig iron output may decrease slightly in the short term.
The domestic steel market remains stable.
Contrary to developments in the global market, domestic construction steel prices today remain stable in most regions and no new adjustments have been recorded from manufacturers.
| Trademark | Product | Price (VND/kg) |
|---|---|---|
| Hoa Phat (Northern Vietnam) | CB240 steel coil | 13,580 |
| Hoa Phat (Northern Vietnam) | D10 CB300 ribbed steel bar | 13,790 |
| VAS (Southern Region) | CB240 steel coil | 13,800 |
| VAS (Southern Region) | D10 CB300 ribbed steel bar | 13,900 |
| Pomina (Southern Region) | CB240 steel coil | 14,480 |
| Pomina (Southern Region) | D10 CB300 ribbed steel bar | 14,580 |
In the North, Hoa Phat brand maintained the price of CB240 steel coils at around 13,580 VND/kg and D10 CB300 ribbed steel bars at 13,790 VND/kg. Other brands such as Viet Y and Viet Duc also had similar prices.
In Central and Southern Vietnam, steel prices also continued to remain stable. Companies such as Hoa Phat, VAS, and Pomina maintained the same prices as in previous trading sessions. Overall, the domestic market is in a stable phase due to the lack of a breakthrough in consumption demand. Future developments are expected to depend on the progress of public investment disbursement, construction activity, and policy signals from China, which are major factors influencing the global steel market.
Source: https://baonghean.vn/gia-thep-va-quang-sat-tang-len-muc-cao-nhat-trong-mot-tuan-10315880.html
![[Photo] Prime Minister Pham Minh Chinh attends the Conference on the Implementation of Tasks for 2026 of the Industry and Trade Sector](/_next/image?url=https%3A%2F%2Fvphoto.vietnam.vn%2Fthumb%2F1200x675%2Fvietnam%2Fresource%2FIMAGE%2F2025%2F12%2F19%2F1766159500458_ndo_br_shared31-jpg.webp&w=3840&q=75)
Comment (0)