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Under pressure from US tariffs

Việt NamViệt Nam05/04/2025


Steel price today April 5, 2025 in domestic market

Steel prices today, April 5, 2025, recorded at 7:00 a.m., showed a slight downward trend in all three regions of the North, Central and South, with prices ranging from 13,400 to 14,140 VND/kg for popular product lines such as CB240 and D10 CB300. In the North, steel prices today, April 5, 2025, of major brands such as Viet Duc, Hoa Phat and Viet Sing ranged from 13,330 to 13,740 VND/kg, of which Viet Duc's D10 CB300 rebar reached the highest level at 13,740 VND/kg, while Viet Sing's CB240 coil steel was the lowest at 13,330 VND/kg. Despite the slight decrease, these prices still reflect the relative stability of the steel market in the North.

In the Central region, steel prices today, April 5, 2025, show a significant difference between brands. Viet Duc Steel stands out with higher prices, reaching VND 13,840/kg for CB240 rolled steel and VND 14,140/kg for D10 CB300 ribbed steel, while Hoa Phat Steel maintains lower prices, at VND 13,530/kg and VND 13,640/kg for the two corresponding product lines. This differentiation may stem from transportation costs or local demand, although the overall market in this region also recorded a slight downward trend.

In the South, steel prices today, April 5, 2025, fluctuated between 13,380 - 13,750 VND/kg, with TungHo steel leading at 13,750 VND/kg for D10 CB300 rebar, while VAS CB240 coil steel was the lowest at 13,380 VND/kg. Hoa Phat Steel kept prices stable at 13,530 VND/kg for CB240 and 13,640 VND/kg for D10 CB300, while TungHo and VAS steel showed slight price adjustments. The downward trend in the South seemed to be in sync with other regions, reflecting pressure from abundant supply or lackluster construction demand.

In general, steel prices today, April 5, 2025, nationwide showed a slight downward adjustment in some brands, but not too deep, keeping prices within a relatively stable range. This may be related to the caution of the steel market in the context of the economy not showing many breakthrough signals, along with the impact of input material prices and domestic consumption demand.

Steel price in the North on April 5, 2025

LocalPrice (VND/kg)Fluctuation (VND/kg)
Price in the North (7am April 5, 2025)
Viet Duc Steel - CB240 13,430 -
Viet Duc Steel - D10 CB300 13,740 -
Hoa Phat Steel - CB240 13,530 -
Hoa Phat Steel - D10 CB300 13,580 -
Viet Sing Steel - CB240 13,330 -
Viet Sing Steel - D10 CB300 13,530 -

Steel price in Central region on April 5, 2025

LocalPrice (VND/kg)Fluctuation (VND/kg)
Price in Central region (7am April 5, 2025)
Viet Duc Steel - CB240 13,840 -
Viet Duc Steel - D10 CB300 14,140 -
Hoa Phat Steel - CB240 13,530 -
Hoa Phat Steel - D10 CB300 13,640 -

Steel price in the South on April 5, 2025

LocalPrice (VND/kg)Fluctuation (VND/kg)
Price in the South (7am April 5, 2025)
Hoa Phat Steel - CB240 13,530 -
Hoa Phat Steel - D10 CB300 13,640 -
VAS Steel - CB240 13,380 -
VAS Steel - D10 CB300 13,480 -
TungHo Steel - CB240 13,400 -
TungHo Steel - D10 CB300 13,750 -

Steel price today April 5, 2025 on the international market

Steel prices today, April 5, 2025, on international exchanges showed a slight downward adjustment trend, reflecting the cautious sentiment of the market in the context of many conflicting factors. On the Shanghai Futures Exchange (SHFE), the price of rebar for May delivery ended this morning's session down 0.16%, equivalent to 5 yuan, to 3,165 yuan/ton. Similarly, today's steel price on April 5, 2025 at the Dalian Commodity Exchange (DCE) also recorded a decrease of 0.25% for iron ore for May delivery, losing 2 yuan to close at 789 yuan/ton. On the Singapore Exchange, iron ore prices continued to be under pressure with a decrease of 0.9 USD, bringing the price down to 100.85 USD/ton.

However, the decline in steel prices today, April 5, 2025, is not too strong, thanks to optimistic expectations about consumption demand in China - the world's largest steel market. The economic stimulus policies that this country may implement in the coming time are considered a supporting factor, helping to restrain a deeper decline. In addition, seasonal demand for steelmaking raw materials also plays an important role in limiting the decline, bringing some bright spots in the rather gloomy overall picture.

However, the downward pressure on steel prices today, April 5, 2025, partly stems from international geopolitical developments. US President Donald Trump's announcement of reciprocal tariffs on many countries has raised concerns about disruptions in the global supply chain, negatively affecting investor sentiment and dragging down iron ore prices. However, the decline is still controlled at a moderate level, showing that the market is still in a state of balance, waiting for more clear signals from economic and policy moves in the near future.

Steel price situation assessment on April 5, 2025

The steel price situation today, April 5, 2025, shows a slightly adjusted market picture in both the domestic Vietnamese market and international exchanges, reflecting the balance between price reduction pressure and positive expectations from consumption demand. In Vietnam, at 7:00 a.m., steel prices in the three regions of the North, Central and South recorded a slight downward trend in some brands, with prices ranging from 13,400 to 14,140 VND/kg for products such as CB240 rolled steel and D10 CB300 rebar. In the North, major brands such as Viet Duc, Hoa Phat and Viet Sing kept prices in the range of VND13,330 - 13,740/kg, while the Central region saw a difference with Viet Duc steel reaching the highest level of VND14,140/kg and the South fluctuating from VND13,380 - 13,750/kg with TungHo steel leading the way. This decrease was not too deep, showing that the domestic market is maintaining relative stability, possibly due to abundant supply and no sudden increase in construction demand.

In the international market, steel prices today, April 5, 2025, are also under slight downward pressure. On the Shanghai Futures Exchange (SHFE), the price of rebar for May delivery decreased by 0.16% to 3,165 yuan/ton, while the price of iron ore for May delivery on the Dalian Commodity Exchange (DCE) decreased by 0.25% to 789 yuan/ton. On the Singapore Exchange, iron ore prices lost 0.9 USD, closing at 100.85 USD/ton. However, the decline was restrained by expectations of steel consumption demand in China, along with economic stimulus measures that the country may implement in the coming time. Seasonal demand for steelmaking raw materials also contributed to limiting the sharp decline, providing some support for the market.

However, we cannot ignore the factors that put pressure on steel prices today, April 5, 2025. The announcement of reciprocal tariffs by US President Donald Trump against many countries has created concerns about disruptions in the global supply chain, negatively affecting iron ore prices and investor sentiment. In Vietnam, input material costs remain high, while domestic demand has not shown signs of strong recovery, making it difficult for steel prices to break out. In general, steel prices today, April 5, 2025, are in a tug-of-war state, with a slight downward trend dominating but still supported by positive factors from the demand side. In the short term, if there are no significant changes in economic policy or consumption demand, steel prices may continue to fluctuate within a narrow range, waiting for more clear signals from the global and domestic markets.



Source: https://baoquangnam.vn/gia-thep-hom-nay-5-4-2025-chiu-ap-luc-tu-thue-quan-my-3152169.html

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