Mixed increases and decreases in the international market

Steel price today March 31, 2025 in domestic market

Steel price in the North on March 31, 2025

Trademark	Steel Type	Price (VND/kg)
Hoa Phat	CB240	13,530
	D10 CB300	13,580
Vietnamese German	CB240	13,430
	D10 CB300	13,740
VAS	CB240	13,400
	D10 CB300	13,450
Viet Sing	CB240	13,330
	D10 CB300	13,530

Steel price in Central region on March 31, 2025

Trademark	Steel Type	Price (VND/kg)
Hoa Phat	CB240	13,530
	D10 CB300	13,640
Vietnamese German	CB240	13,840
	D10 CB300	14,140
VAS	CB240	13,800
	D10 CB300	13,850

Steel price in the South on March 31, 2025

Trademark	Steel Type	Price (VND/kg)
Hoa Phat	CB240	13,530
	D10 CB300	13,640
VAS	CB240	13,450
	D10 CB300	13,550
Tung Ho	CB240	13,400
	D10 CB300	13,750

Steel price today March 31, 2025 on the international market

The current international steel price situation shows uneven fluctuations between regions and exchanges, clearly reflecting the impact of domestic demand, trade policies and supply. On major raw material exchanges, steel and iron ore prices show signs of slowing down in the short term. Specifically, the price of rebar for May delivery on the Shanghai Stock Exchange decreased slightly by 0.44% to 3,192 yuan/ton, while iron ore for May delivery on the Dalian Stock Exchange also lost 0.3% to 784.5 yuan/ton. Similarly, iron ore on the Singapore Stock Exchange only decreased slightly by 0.03 USD to 102.2 USD/ton. However, looking at the whole week, all three commodities recorded increases compared to the end of last week, with Shanghai steel inching up 0.8%, Dalian ore increasing 3% and Singapore ore more impressively at 3.4%. This shows that the market is still maintaining a certain recovery momentum, although the speed has slowed down somewhat.

In China, the hot-rolled coil market is benefiting from a gradual warming of domestic demand and a pick-up in exports. Prices there increased by $5/ton in the week of March 14-21 to $480/ton FOB, and have increased by $10/ton since the beginning of the month. This is a positive sign as the world’s largest steel-producing economy seeks to balance production and consumption.

Meanwhile, India has emerged as a bright spot with a significant increase in hot-rolled coil prices. In the first half of March alone, prices jumped by $72.50 per tonne to $567.50 per tonne FOB. The main driver is the auto sector, with steady growth in vehicle sales – 1.6% in January and 1.9% in February – promising that steel demand will remain stable in the coming period. Moreover, the Indian Finance Ministry’s proposal to impose a 12% safeguard duty on flat-rolled steel, announced on March 23, is drawing attention. If implemented, domestic producers could benefit greatly from the reduced pressure from cheap steel imports.

In the US, hot-rolled coil prices held steady at $975/ton EXW last week, but since the beginning of March, the increase has reached $125/ton. The 25% tariff on imported metals, which was imposed on March 4, has played a key role in helping domestic companies raise prices without worrying about foreign competition. Currently, factories are fully booked for April and have begun accepting orders for May, indicating that demand remains high.

In contrast, Southern Europe is facing a downward trend. Hot-rolled steel prices there fell by €5/t to €540/t CIF last week. This is mainly due to abundant inventories at mills, which have weakened consumption. In addition, cheap supplies from Indonesia and Malaysia, with offers ranging from €510–550/t CFR, are putting great pressure on the domestic market, forcing producers to adjust their prices to compete.

Overall, international steel prices are being affected by a number of intertwined factors: recovering demand in some regions, trade protection policies, and competition from low-priced supply. In the short term, the market may continue to fluctuate slightly, but the growth trend is still maintained in regions with strong demand foundations such as India and the US.

Steel price situation assessment on March 31, 2025

The steel price situation today, March 31, 2025, shows a rather diverse picture in both the international and domestic markets, clearly reflecting economic fluctuations and actual demand. On major exchanges, the price of rebar for May delivery on the Shanghai Stock Exchange is showing a slight downward trend, losing about 0.44% compared to the previous session, down to 3,192 yuan/ton. Similarly, the price of iron ore on the Dalian Stock Exchange also decreased by 0.3%, to 784.5 yuan/ton, while on the Singapore Stock Exchange, the price of iron ore only inched down by 0.03 USD, reaching 102.2 USD/ton. However, looking at the whole week, steel and iron ore prices still maintained their upward momentum compared to the end of last week, respectively 0.8% for Shanghai steel and 3-3.4% for iron ore. This shows that the market is making small adjustments but still maintaining a certain resilience.

In Vietnam, steel prices today, March 31, 2025, in regions such as the North, Central and South also reflect relative stability. For example, in the North, Hoa Phat steel recorded a price of 13,530 VND/kg for CB240 and 13,580 VND/kg for D10 CB300, while Viet Duc fluctuated from 13,430 to 13,740 VND/kg depending on the type. The Central region is slightly higher, with Viet Duc reaching 13,840-14,140 VND/kg, while in the South, Hoa Phat steel prices remained at 13,530-13,640 VND/kg. These figures show that domestic steel prices have not fluctuated much, consistent with average construction demand and abundant supply.

Looking at the international market, steel prices today, March 31, 2025, in major regions also had notable developments. In China, hot-rolled coil steel increased slightly by 5 USD/ton last week, reaching 480 USD/ton FOB, thanks to improved domestic and export demand. India impressed with a strong increase of 72.5 USD/ton since the beginning of the month, to 567.5 USD/ton FOB, due to the strong development of the automobile industry. In contrast, Southern Europe saw prices decrease by 5 EUR/ton, to 540 EUR/ton CIF, due to high inventories and competition from cheap imports. In the US, steel prices were stable at 975 USD/ton EXW, supported by a 25% import tax policy, helping domestic producers maintain their position.

Overall, today's steel prices on March 31, 2025 show a balanced market between increases and decreases, depending on each region and trade policy. For Vietnamese consumers and businesses, this is a good time to closely monitor steel price developments, especially when construction demand may increase in the coming months. Grasping information on today's steel prices on March 31, 2025 not only helps optimize costs but also supports more effective long-term planning in a market context with many variables.

Source: https://baoquangnam.vn/gia-thep-hom-nay-31-3-2025-tang-giam-dan-xen-o-thi-truong-quoc-te-3151781.html