down on weak demand outlook

Most steel benchmarks on the Shanghai Futures Exchange fell on weak demand outlook.

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 October 2025 delivery fell 11 yuan to 3,244 yuan/t.

Iron ore futures fell for a fourth straight session, weighed down by persistent concerns about demand for the key steelmaking raw material from top consumer China as the global trade war escalates.

The most-traded iron ore contract for May delivery on China's Dalian Commodity Exchange (DCE) fell 1.18% to 756.5 yuan ($104.60) a tonne, its lowest since Jan. 10.

Benchmark iron ore for April delivery on the Singapore Exchange fell 0.45% to $99.80 a tonne, its lowest since March 12.

The European Union will tighten steel import quotas to reduce flows by a further 15% from April, a senior EU official said, in a move aimed at preventing cheap steel from flooding the European market after the US imposed new tariffs.

This is the latest in a series of moves by countries and regions to protect their domestic markets, which could reduce China's steel exports this year, putting pressure on steel prices and reducing demand for input materials.

Iron ore prices remain weak despite Mineral Resources announcing it has halted shipments from its Onslow Iron project in Western Australia, following a train crash on Monday.

Other steelmaking components on the DCE continued to decline, with coking coal down 0.73% and 1.33%, respectively. Most steel benchmarks on the Shanghai Futures Exchange fell on the weak demand outlook.

Rebar decreased by 0.88%, hot-rolled coil decreased by 0.51%, stainless steel decreased by 0.31%, while wire rod increased by 0.41%.

Steel demand in the real estate and export sectors is expected to decline by 10% and 4-5% respectively by 2025, Citi said.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-21-3-giam-do-trien-vong-nhu-cau-yeu.html