Domestic steel prices today, March 21, 2025, stagnated, steel bars decreased

Steel price today March 21, 2025 in domestic market

Steel price in the North on March 21, 2025

Trademark	CB240 coil steel (VND/kg)	D10 CB300 ribbed steel bar (VND/kg)	Area
Hoa Phat	13,480	13,580	North
Vietnamese Italian	13,580	13,690	North
Vietnamese German	13,430	13,740	North
Viet Singapore	13,430	13,640	North
VAS	13,330	13,380	North

Steel prices in the North on March 20, 2025 showed stability among major brands such as Hoa Phat, Viet Y, Viet Duc, Viet Sing and VAS, with CB240 coil prices ranging from VND 13,330 - 13,580/kg and D10 CB300 ribbed steel ranging from VND 13,380 - 13,740/kg. The Viet Y brand had the highest price in both product lines (VND 13,580/kg for CB240 and VND 13,690/kg for D10 CB300), while VAS recorded the lowest prices (VND 13,330/kg and VND 13,380/kg).

Steel price in Central region on March 21, 2025

Trademark	CB240 coil steel (VND/kg)	D10 CB300 ribbed steel bar (VND/kg)	Area
Hoa Phat	13,530	13,640	Central region
Vietnamese German	13,840	14,140	Central region
VAS	13,740	13,790	Central region

Steel prices in the Central region on March 20, 2025 showed a slight difference between the brands Hoa Phat, Viet Duc and VAS, with the price of CB240 coil steel ranging from 13,530 - 13,840 VND/kg and D10 CB300 ribbed steel from 13,640 - 14,140 VND/kg. The Viet Duc brand recorded the highest price for both product lines (13,840 VND/kg for CB240 and 14,140 VND/kg for D10 CB300), while Hoa Phat had the lowest price (13,530 VND/kg and 13,640 VND/kg).

Steel price in the South on March 21, 2025

Trademark	CB240 coil steel (VND/kg)	D10 CB300 ribbed steel bar (VND/kg)	Area
Hoa Phat	13,690	13,840	Southern
VAS	13,380	13,480	Southern

Steel prices in the South on March 20, 2025 showed a difference between the two brands Hoa Phat and VAS, with CB240 coil steel ranging from 13,380 - 13,690 VND/kg and D10 CB300 ribbed steel ranging from 13,480 - 13,840 VND/kg. Hoa Phat had higher prices for both product lines (13,690 VND/kg for CB240 and 13,840 VND/kg for D10 CB300), while VAS recorded lower prices (13,380 VND/kg and 13,480 VND/kg).

Steel price today 3/21/2025 on the international market

On March 21, 2025, steel prices in the international market continued to be under downward pressure due to concerns about weak demand from China and the escalating global trade war. Rebar for October 2025 delivery on the Shanghai Futures Exchange (SHFE) fell 11 yuan to 3,244 yuan/ton.

Iron ore for May delivery on the Dalian Commodity Exchange (DCE) fell 1.18% to 756.5 yuan ($104.60) a tonne, its lowest since January 10, 2025, while the benchmark April iron ore on the Singapore Exchange fell 0.45% to $99.80 a tonne, its lowest since March 12, 2025.

Other steelmaking ingredients such as coking coal on the DCE also fell, down 0.73% and 1.33% respectively. On the Shanghai Futures Exchange, rebar fell 0.88%, hot-rolled coil fell 0.51%, stainless steel fell 0.31%, but wire rod edged up 0.41%. The EU's move to tighten steel import quotas (down 15% from April) and protectionist policies from many countries are putting pressure on Chinese steel exports, reducing demand for raw materials. Citi forecasts that steel demand in real estate and exports will fall by 10% and 4-5% respectively in 2025, amid weak iron ore prices despite the suspension of shipments from the Onslow Iron project in Western Australia. The international steel market is expected to continue to face many challenges in the coming time.

Steel price assessment on March 21, 2025: Stable and sharp decrease

Steel prices in Vietnam on March 21, 2025 continued to remain stable in all three regions, based on price data on March 20, 2025. In the North, CB240 coil steel prices ranged from 13,330 - 13,580 VND/kg, D10 CB300 rebar prices ranged from 13,380 - 13,740 VND/kg, with Viet Y the highest and VAS the lowest.

In the Central region, the price of CB240 rolled steel is between 13,530 - 13,840 VND/kg, D10 CB300 ribbed steel is between 13,640 - 14,140 VND/kg, of which Viet Duc has the highest price.

In the South, the price of CB240 rolled steel ranges from 13,380 - 13,690 VND/kg, D10 CB300 ribbed steel ranges from 13,480 - 13,840 VND/kg, with Hoa Phat recording a higher price than VAS.

Compared to early March 2025, domestic steel prices have increased slightly by about VND180 - 390/kg, but are still much lower than the peak in October 2024 (VND15,500 - 16,300/kg). This stable trend reflects abundant domestic supply and average construction demand, but pressure from falling international steel prices may have an impact in the coming time.

Source: https://baoquangnam.vn/gia-thep-hom-nay-21-3-2025-o-trong-nuoc-chung-lai-thep-thanh-sut-giam-3151056.html