After a brief upward movement, Chinese rebar prices reversed course and fell slightly, while iron ore prices also declined across the Singapore and Dalian exchanges. Domestically, businesses maintained their selling prices.
Steel prices on the exchange.
Rebar futures on the Shanghai Futures Exchange (SHFE) for October 2025 delivery fell 21 yuan to 3,235 yuan per ton.
Iron ore futures prices edged lower after U.S. President Donald Trump announced a series of reciprocal tariffs, although seasonal demand for the steelmaking raw material helped mitigate the decline.
The most actively traded May iron ore contract on China's Dalian Commodity Exchange (DCE) fell 0.2% to 789.5 yuan per ton ($108.12 per ton).
The benchmark iron ore futures contract for May delivery (SZZFK5) on the Singapore exchange fell 0.79% to $102 per ton.
The stronger-than-expected U.S. tariffs will put pressure on iron markets, brokerage firm Galaxy Futures said in a note.
On Wednesday, U.S. President Donald Trump announced a minimum 10% tariff on most goods imported into the U.S., with significantly higher tariffs on products from dozens of countries, exacerbating a trade war that threatens to drive inflation higher and stall economic growth in the U.S. and the world. Chinese imports will be subject to a 34% tariff, bringing the total new tariff to 54%.
On Thursday, Beijing urged the U.S. to immediately cancel the latest tariffs and vowed to take countermeasures to protect its own interests. However, steel producers increased output during the peak construction season in March and April, mitigating the price drop.
Consulting firm Mysteel said in a note: "Imported iron ore demand in China is expected to remain strong in April, as the recovery in steel consumption... will encourage steelmakers to further increase their hot metal production."
Other steelmaking components on the DCE declined, with metallurgical coal and coking coal DCJcv1 falling by 0.6% and 0.31%, respectively.
Most steel benchmarks on the Shanghai Futures Exchange recorded losses. Rebar fell 0.03%, hot-rolled coil fell 0.33%, stainless steel fell 1%, while wire rod (SWRcv1) rose slightly by 0.24%.
Domestic steel prices
On April 4th, domestic market prices remained unchanged. Specifically:
Steel prices in Northern Vietnam
According to SteelOnline.vn, Hoa Phat steel brand offers CB240 steel coils at 13,480 VND/kg; and D10 CB300 ribbed steel bars at 13,580 VND/kg.
Viet-Italian steel brand, CB240 coiled steel is priced at 13,580 VND/kg; D10 CB300 ribbed steel bar is priced at 13,690 VND/kg.
Viet Duc Steel offers CB240 steel coils at 13,430 VND/kg and D10 CB300 ribbed steel bars at 13,740 VND/kg.
Viet Sing Steel, with CB240 steel coils, is priced at 13,430 VND/kg; D10 CB300 ribbed steel bars are priced at 13,640 VND/kg.
VAS steel, with CB240 coiled steel at 13,330 VND/kg; D10 CB300 ribbed steel bar at 13,380 VND/kg.
Steel prices in Central Vietnam
Hoa Phat Steel, with its CB240 coiled steel, is priced at 13,530 VND/kg; D10 CB300 ribbed steel bars are priced at 13,640 VND/kg.
At Viet Duc Steel, the current price for CB240 steel coils is 13,840 VND/kg; and for D10 CB300 ribbed steel bars, it is 14,140 VND/kg.
VAS steel, CB240 coil steel, is priced at 13,740 VND/kg; D10 CB300 ribbed steel bar is priced at 13,790 VND/kg.
Steel prices in Southern Vietnam
Hoa Phat Steel, CB240 steel coils, are priced at 13,690 VND/kg; D10 CB300 ribbed steel bars are priced at 13,840 VND/kg.
VAS steel, CB240 coil steel, is priced at 13,380 VND/kg; D10 CB300 ribbed steel bar is priced at 13,480 VND/kg.
Source: https://baodaknong.vn/gia-thep-hom-nay-4-4-quang-sat-giam-do-thue-quan-cua-my-248250.html
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