Steel prices today, February 10th: Domestic market stable, world iron ore prices slightly decrease.
Domestic construction steel prices on February 10th remained stable across all three regions, fluctuating between 13,330 and 14,050 VND/kg, while international steel and iron ore prices declined due to weak demand.
On February 10th, the Vietnamese steel market recorded stable prices across all three regions, with common prices ranging from 13,330 to 14,050 VND/kg. This trend contrasts with the decline in iron ore and steel futures prices on the international market due to the slow recovery of consumption demand in China after the holiday.
Domestic steel prices remain stable.
According to data from SteelOnline, domestic construction steel prices have seen virtually no new adjustments from manufacturers. A cautious sentiment prevails in the market, reflected in the trading volume remaining at an average level.
| Area | Trademark | Type of steel | Listed price (VNĐ/kg) |
|---|---|---|---|
| North | Hoa Phat | CB240 steel coil | 14,010 |
| North | Hoa Phat | D10 CB300 ribbed steel bar | 14,010 |
| Central region | Hoa Phat | CB240 steel coil | 13,800 |
| Central region | Hoa Phat | D10 CB300 ribbed steel bar | 13,600 |
| Southern | Hoa Phat | CB240 steel coil | 14,010 |
| Southern | Hoa Phat | D10 CB300 ribbed steel bar | 13,800 |
In the North, other brands such as Viet Y, Viet Duc, Viet Sing, and VAS also maintained prices ranging from 13,330 to 14,050 VND/kg depending on the type. In the South, VAS steel is currently trading stably in the range of 13,430 – 13,740 VND/kg.
Downward price pressure from the Chinese market.
In contrast to the calm domestic market, steel and raw material prices on international exchanges continued to adjust downwards on February 9th. This was mainly due to the fact that actual steel consumption demand in China had not improved as expected.
- Shanghai Stock Exchange:The price of steel rebar for March 2026 delivery fell 0.5% (equivalent to 14 yuan), to 3,070 yuan/tonne.
- Dalian Stock Exchange:Iron ore futures for March 2026 fell 0.8% to 780 yuan per ton.
- Singapore Stock Exchange:Iron ore futures for February 2026 delivery fell $1.04, closing at $98 per ton.
HRC steel prices rise in the US and Europe.
Notably, the hot-rolled coil (HRC) segment in Western markets saw mixed performance. Due to limited supply and rising shipping costs, HRC prices in these regions continued their upward trend in January 2026.
In North America, HRC prices have increased by 2.4% compared to the end of December 2025, reaching $1,055.5 per ton ex-works. This is the highest price for this commodity since April 2025. In the European Union, HRC prices fluctuated upwards by 1-5%. The Italian market, in particular, recorded a price of €635 per ton ex-works and experts predict it could soon reach €645 per ton.
