Steel prices today, March 31, 2025, in the domestic market.
Steel prices in Northern Vietnam on March 31, 2025
| Trademark | Type of steel | Price (VND/kg) |
|---|---|---|
| Hoa Phat | CB240 | 13,530 |
| D10 CB300 | 13,580 | |
| Viet Duc | CB240 | 13,430 |
| D10 CB300 | 13,740 | |
| VAS | CB240 | 13,400 |
| D10 CB300 | 13,450 | |
| Viet Sing | CB240 | 13,330 |
| D10 CB300 | 13,530 |
Steel prices in Central Vietnam on March 31, 2025
| Trademark | Type of steel | Price (VND/kg) |
|---|---|---|
| Hoa Phat | CB240 | 13,530 |
| D10 CB300 | 13,640 | |
| Viet Duc | CB240 | 13,840 |
| D10 CB300 | 14,140 | |
| VAS | CB240 | 13,800 |
| D10 CB300 | 13,850 |
Steel prices in Southern Vietnam on March 31, 2025
| Trademark | Type of steel | Price (VND/kg) |
|---|---|---|
| Hoa Phat | CB240 | 13,530 |
| D10 CB300 | 13,640 | |
| VAS | CB240 | 13,450 |
| D10 CB300 | 13,550 | |
| Tung Ho | CB240 | 13,400 |
| D10 CB300 | 13,750 |
Steel prices today, March 31, 2025, on the international market.
The current international steel market shows uneven fluctuations across regions and exchanges, clearly reflecting the influence of domestic demand, trade policies, and supply. On major commodity exchanges, steel and iron ore prices are showing signs of short-term stabilization. Specifically, May-delivery rebar futures on the Shanghai Exchange fell slightly by 0.44% to 3,192 yuan/tonne, while May-delivery iron ore futures on the Dalian Exchange also lost 0.3% to 784.5 yuan/tonne. Similarly, iron ore on the Singapore Exchange only decreased slightly by $0.03 to $102.2/tonne. However, looking at the broader picture for the week, all three commodities recorded gains compared to the end of the previous week, with Shanghai steel rising 0.8%, Dalian iron ore increasing 3%, and Singapore iron ore showing a more impressive 3.4%. This indicates that the market is still maintaining a certain degree of recovery momentum, albeit at a slower pace.
In China, the hot-rolled coil market is benefiting from gradually warming domestic demand and booming export activity. Steel prices there rose by $5/tonne in the week of March 14–21, reaching $480/tonne FOB, and have increased by $10/tonne since the beginning of the month. This is a positive sign as the world's largest steel-producing economy seeks to balance production and consumption.
Meanwhile, India has emerged as a bright spot with a significant increase in hot-rolled coil steel prices. In just the first half of March, prices surged by $72.5/tonne, reaching $567.5/tonne FOB. The main driving force comes from the automotive sector, where steady car sales growth – 1.6% in January and 1.9% in February – promises continued stable steel demand in the near future. Furthermore, the proposed 12% protective duty on flat-rolled steel from the Indian Ministry of Finance , announced on March 23rd, is attracting attention. If implemented, this policy could greatly benefit domestic producers by reducing pressure from cheaper imported steel.
In the US, hot-rolled coil steel prices held steady at $975/ton EXW last week, but since the beginning of March, the increase has reached $125/ton. The 25% tariff on imported metals, effective from March 4th, has played a significant role, allowing domestic businesses to confidently raise prices without fear of external competition. Currently, mills have already filled their April orders and are beginning to accept orders for May, indicating that demand remains high.
Conversely, Southern Europe is facing a downward price trend. Hot-rolled steel prices there fell by 5 EUR/tonne, to 540 EUR/tonne CIF last week. The main reason is the large inventory at mills, leading to weak demand. In addition, cheap supply from Indonesia and Malaysia, with offers ranging from only 510–550 EUR/tonne CFR, is putting significant pressure on the domestic market, forcing manufacturers to adjust prices to remain competitive.
Overall, international steel prices are being influenced by a combination of factors: recovering demand in some regions, protectionist trade policies, and competition from lower-priced supply. In the short term, the market may continue to experience minor fluctuations, but the upward trend is expected to persist in regions with strong demand foundations such as India and the US.
Assessment of steel prices as of March 31, 2025
Today's steel price situation (March 31, 2025) presents a rather diverse picture across both international and domestic markets, clearly reflecting economic fluctuations and actual demand. On major exchanges, the May futures price of rebar on the Shanghai Exchange is showing a slight downward trend, losing approximately 0.44% compared to the previous session, to 3,192 yuan/ton. Similarly, the price of iron ore on the Dalian Exchange also decreased by 0.3%, to 784.5 yuan/ton, while on the Singapore Exchange, the price of iron ore only edged down by 0.03 USD, reaching 102.2 USD/ton. However, looking at the broader picture for the week, steel and iron ore prices still maintained an upward trend compared to the end of last week, up 0.8% for Shanghai steel and 3-3.4% for iron ore, respectively. This indicates that the market is undergoing minor adjustments but still maintains a certain degree of resilience.
In Vietnam, steel prices today, March 31, 2025, in regions such as the North, Central, and South reflect relative stability. For example, in the North, Hoa Phat steel recorded a price of 13,530 VND/kg for CB240 and 13,580 VND/kg for D10 CB300, while Viet Duc steel fluctuated from 13,430 to 13,740 VND/kg depending on the type. The Central region saw slightly higher prices, with Viet Duc reaching 13,840-14,140 VND/kg, while in the South, Hoa Phat steel prices remained at 13,530-13,640 VND/kg. These figures indicate that domestic steel prices have not fluctuated significantly, consistent with the average construction demand and relatively abundant supply.
Looking at the international market, steel prices today, March 31, 2025, in major regions also showed notable developments. In China, hot-rolled coil steel prices increased slightly by $5/ton over the past week, reaching $480/ton FOB, thanks to improved domestic and export demand. India impressed with a strong increase of $72.5/ton since the beginning of the month, reaching $567.5/ton FOB, driven by the booming automotive industry. Conversely, Southern Europe saw prices fall by €5/ton, to €540/ton CIF, due to high inventories and competition from cheaper imports. In the US, steel prices remained stable at $975/ton EXW, supported by a 25% import tariff policy, helping domestic producers maintain their position.
Overall, steel prices today, March 31, 2025, show a balanced market with both increases and decreases, depending on the region and trade policies. For Vietnamese consumers and businesses, this is a good time to closely monitor steel price developments, especially as construction demand is likely to increase in the coming months. Understanding today's steel prices not only helps optimize costs but also supports more effective long-term planning in a market still fraught with variables.
Source: https://baoquangnam.vn/gia-thep-hom-nay-31-3-2025-tang-giam-dan-xen-o-thi-truong-quoc-te-3151781.html
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