Construction steel prices increase

The recovery in world steel prices has led to a slight increase in domestic steel prices. The Chinese steel industry has tightened production, raising expectations of price increases.

The recovery of world steel prices has led to a slight increase in domestic steel prices. Photo: Tuan Nguyen

Domestic enterprises adjust selling prices

Domestic construction steel prices have shown signs of increasing again after a long period of price stability. On August 7, many businesses adjusted their retail prices at the factory to increase slightly by 50-150 VND/kg, depending on the type.

Specifically, according to steelonline.vn, Hoa Phat 's CB240 steel is listed at 13,230 VND/kg; D10 CB300 steel is at 12,830 VND/kg. At Viet Y Steel, CB240 is priced at 13,130 VND/kg, D10 CB300 is 12,520 VND/kg. Viet Sing Enterprises also adjusted according to the general level, respectively 13,130 VND/kg for CB240 and 12,930 VND/kg for CB300.

According to the Vietnam Steel Association's newsletter published in July 2025, the steel market in the first 6 months of 2025 will face many challenges such as tariff barriers, trade defense measures, political conflicts, a series of new policies and unstable developments in the steel market, and global political conflicts, which will affect steel consumption demand.

World market recovers thanks to production tightening policy

Steel prices on the international market increased simultaneously in the trading session on August 6. On the Shanghai Stock Exchange, the price of steel bars for August delivery increased by 0.85% to 3,195 yuan/ton (equivalent to about 441 USD/ton). On the Dalian Stock Exchange, the price of iron ore futures for the same period increased by 0.86% to 816.5 yuan/ton. On the Singapore Stock Exchange (SGX), the price of iron ore decreased slightly by 0.66 USD to 101.25 USD/ton.

The recovery in steel prices is believed to come from the Chinese steel industry's tightening of production capacity. According to the China Iron and Steel Association (CISA), enterprises are being asked to cut excess capacity, prioritize efficient production, high quality and environmental control. At the same time, export and domestic consumption strategies are also being flexibly adjusted to maintain a balance between supply and demand.

Mr. Trieu Man Ca – Chairman of CISA – emphasized that regulating crude steel output is the key solution to stabilize the market. The Association also strengthens the supervision of import and export markets, supporting the development of high-quality steel to serve strategic industries such as renewable energy, high-tech equipment and biomedicine.

According to data from the National Bureau of Statistics of China, crude steel output in the first half of 2025 reached 515 million tons, down 3% year-on-year. Apparent steel consumption reached 452 million tons, down 5.6%. However, exports still increased by 9% in volume, helping the industry's total profit reach 46.3 billion yuan (equivalent to 6.44 billion USD), exceeding the total profit for the whole year of 2024.

Source: https://baoquangninh.vn/gia-thep-xay-dung-bat-tang-3370429.html