Steel price today March 29: slight decrease across the board

Most steel benchmarks on the Shanghai Futures Exchange fell.

Steel prices in the North

According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 13,480 VND/kg; D10 CB300 ribbed steel bar is priced at 13,580 VND/kg.

Viet Y steel brand, CB240 rolled steel line is priced at 13,580 VND/kg; D10 CB300 ribbed steel bar is priced at 13,690 VND/kg.

Viet Duc Steel, with CB240 coil steel line at 13,430 VND/kg, D10 CB300 ribbed steel bar is priced at 13,740 VND/kg.

Viet Sing Steel, with CB240 coil steel, is priced at VND13,430/kg; D10 CB300 ribbed steel is priced at VND13,640/kg.

VAS steel, with CB240 coil steel line at 13,330 VND/kg; D10 CB300 ribbed steel bar is priced at 13,380 VND/kg.

Steel prices in the Central region

Hoa Phat Steel, with CB240 coil steel line, is at 13,530 VND/kg; D10 CB300 ribbed steel bar is priced at 13,640 VND/kg.

Viet Duc Steel, currently CB240 coil steel is at 13,840 VND/kg; D10 CB300 ribbed steel is priced at 14,140 VND/kg.

VAS steel, CB240 coil steel line is at 13,740 VND/kg; D10 CB300 ribbed steel bar is priced at 13,790 VND/kg.

Steel prices in the South

Hoa Phat Steel, CB240 rolled steel, at 13,690 VND/kg; D10 CB300 ribbed steel is priced at 13,840 VND/kg.

VAS steel, CB240 coil steel line is at 13,380 VND/kg; D10 CB300 ribbed steel bar is priced at 13,480 VND/kg.

Steel prices on the exchange

Rebar on the Shanghai Futures Exchange (SHFE) for November 2025 delivery fell 8 yuan to 3,263 yuan/t.

Iron ore futures fell amid rising trade war concerns, although they were set to rise this week on rising demand for the key steelmaking ingredient in top consumer China.

The most-traded iron ore contract for May on China’s Dalian Commodity Exchange (DCE) fell 0.57 percent to 782.5 yuan ($107.7) a tonne. The contract has gained 2.96 percent this week.

Benchmark iron ore for April delivery on the Singapore Exchange fell 0.52% to $102.95 a tonne, up 3.14% so far this week.

Hot metal output continued to rise in March by 10,200 tonnes to 2.3728 million tonnes from the previous month, and daily consumption of imported ore recorded a monthly increase of 13,200 tonnes, brokerage Everbright Futures said in a note.

Hot metal production is often used to assess iron ore demand.

Downstream demand has seen a seasonal improvement, brokerage Galaxy Futures said, adding that there will continue to be additional demand for iron ore in the short term.

Chinese Vice Premier Ding Ding Xuexiang has pledged stronger policy support for the economy, as Chinese policymakers try to cushion the impact of US President Donald Trump's tariffs.

“Concerns about a protracted trade war appear to have escalated… ahead of the April 2 tariff announcement,” ANZ analysts said in a note.

On Wednesday, US President Donald Trump announced a 25% tariff on imported cars and light trucks starting next week, wiping about $16.5 billion off the value of shares of Asian automakers.

Dalian iron ore hits 1-1/2-week high on seasonal steel demand. The US plans to impose comprehensive reciprocal tariffs on many trading partners on April 2.

Other steelmaking components on the DCE were flat, with metallurgical coal and coking coal down 1.4% and 1.26% respectively.

Most steel benchmarks on the Shanghai Futures Exchange fell. Rebar fell 0.53%, hot-rolled coil fell 0.3%, steel bars fell nearly 0.2%, while stainless steel rose 0.56%.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-29-3-dong-loat-giam-nhe.html