Steel price today 3/28/2025 iron ore on the floor reached the highest level

Index

Steel price today March 28, 2025 in domestic market
Steel price in the North on March 28, 2025
Steel price in Central region on March 28, 2025
Steel price in the South on March 28, 2025
Steel price today 3/28/2025 on international market
Steel price situation assessment on March 28, 2025

Steel price today March 28, 2025 in domestic market

Steel price in the North on March 28, 2025

Steel Type	Price (VND/kg)
Hoa Phat - CB240 Steel Coil	13,480
Hoa Phat - D10 CB300 ribbed steel bar	13,580
Viet Y - CB240 Steel Coil	13,580
Viet Y - D10 CB300 ribbed steel bar	13,690
Viet Duc - CB240 Steel Coil	13,430
Viet Duc - D10 CB300 ribbed steel bar	13,740
Viet Sing - CB240 Steel Coil	13,430
Viet Sing - D10 CB300 ribbed steel bar	13,640
VAS - CB240 Steel Coil	13,330
VAS - D10 CB300 ribbed steel bar	13,380
Updated: 03/28/2025

Steel prices in the North on March 28, 2025, according to data from SteelOnline.vn, showed stability in prices among major brands such as Hoa Phat, Viet Y, Viet Duc, Viet Sing and VAS. CB240 coil prices ranged from VND 13,330/kg (VAS) to VND 13,580/kg (Viet Y), while D10 CB300 ribbed steel bars ranged from VND 13,380/kg (VAS) to VND 13,740/kg (Viet Duc), with a maximum difference of only about VND 410/kg. The Viet Duc brand recorded the highest price for D10 CB300 ribbed steel bars (VND 13,740/kg), while VAS had the lowest price for both product lines (VND 13,330/kg and VND 13,380/kg). Hoa Phat and Viet Y maintained average prices of VND13,480 - 13,580/kg and VND13,580 - 13,690/kg, respectively, showing close competition.

Steel price in Central region on March 28, 2025

Steel Type	Price (VND/kg)
Hoa Phat - CB240 Steel Coil	13,530
Hoa Phat - D10 CB300 ribbed steel bar	13,640
Viet Duc - CB240 Steel Coil	13,840
Viet Duc - D10 CB300 ribbed steel bar	14,140
VAS - CB240 Steel Coil	13,740
VAS - D10 CB300 ribbed steel bar	13,790
Updated: 03/28/2025

Steel prices in the Central region on March 28, 2025 showed slightly higher prices than in the North, with a range of VND 13,530/kg to VND 14,140/kg between Hoa Phat, Viet Duc and VAS brands. Viet Duc Steel led with the highest price, reaching VND 13,840/kg for CB240 coil steel and VND 14,140/kg for D10 CB300 ribbed steel, about VND 300-400/kg higher than other brands. Hoa Phat Steel has the lowest price in the region, with CB240 coil steel at VND13,530/kg and D10 CB300 rebar at VND13,640/kg, while VAS is at an average level with VND13,740/kg (CB240) and VND13,790/kg (D10 CB300).

Steel price in the South on March 28, 2025

Steel Type	Price (VND/kg)
Hoa Phat - CB240 Steel Coil	13,690
Hoa Phat - D10 CB300 ribbed steel bar	13,840
VAS - CB240 Steel Coil	13,380
VAS - D10 CB300 ribbed steel bar	13,480
Updated: 03/28/2025

On March 28, 2025, steel prices in Vietnam remained stable at VND13,330 - 14,140/kg, without any clear impact from the international market, where steel prices decreased slightly (USD450/ton) but iron ore increased (USD103-108/ton) due to seasonal demand in China. In the short term, the domestic market remains safe, but if trade tensions escalate or raw material prices continue to increase, domestic steel prices may face adjustment pressure in the coming time.

Steel price today 3/28/2025 on international market

The international steel and iron ore markets on March 28, 2025 showed slight fluctuations with mixed trends. The price of rebar for November 2025 delivery on the Shanghai Futures Exchange (SHFE) fell 17 yuan to 3,272 yuan/ton (about 450 USD/ton), reflecting pressure from falling industrial profits and the escalating US-China trade war, especially after President Trump's announcement of a 25% tariff on imported cars.

Iron ore prices, on the other hand, rose on seasonal steel demand in China, with the May contract on the Dalian Commodity Exchange (DCE) rising 1.28% to 789 yuan ($108.67) a tonne and the April contract on the Singapore Exchange (SGX) rising 0.77% to $103.15 a tonne. The recovery was supported by the peak construction season in March-April, when hot metal output rose 56,700 tonnes to 2.3626 million tonnes and imported ore consumption rose 67,900 tonnes, according to Everbright Futures.

Other raw materials such as metallurgical coal and coking coal on the DCE also rose 0.93% and 1.4% respectively, while steel on the SHFE traded mixed: hot-rolled coil and wire rod edged down (0.2% and 0.29%), while stainless steel rose 0.15%. Overall, the market was affected by domestic demand in China and international tariff uncertainties, creating a divergence between steel and iron ore.