Steel prices today, March 13th: World market sees slight increase, domestic construction steel prices remain stable.
Steel and iron ore futures prices rose across the board due to expectations of a production recovery in Hebei (China). In the Vietnamese market, steel prices from Hoa Phat and other major brands remained stable.
The global steel market saw a slight recovery on March 13th, driven by expectations that factories in Hebei province (China) would soon resume operations after safety and environmental inspections. Meanwhile, in the Vietnamese domestic market, construction steel prices remained stable across major brands such as Hoa Phat, Viet Y, and VAS Steel.
Trends in steel and raw material prices on the international market.
At the close of trading on March 12, the price of April 2026 steel rebar futures on the Shanghai Futures Exchange rose 0.9%, or 28 yuan, to 3,135 yuan/tonne. At the same time, the price of April 2026 iron ore futures on the Dalian Commodity Exchange also recorded a 1.93% increase, reaching 820 yuan/tonne. On the Singapore Exchange, the price of this commodity increased by $3.69, trading at $107.84/tonne.
According to Reuters analysis, the rise in iron ore prices is mainly driven by expectations of improved hot pig iron production in China as safety inspections in Hebei province conclude. However, the market remains under some pressure due to a 15% drop in wholesale auto sales in China in February, impacting the outlook for steel consumption from this industrial sector.
Demand for construction steel is forecast to increase in March.
Besides production factors, demand for steel from the construction sector in China is projected to increase sharply as weather conditions warm up. According to consulting firm Mysteel, construction companies could consume approximately 5.64 million tons of steel this month, a 17% increase compared to the previous month. Additionally, prices of other raw materials such as coking coal and coke on the DCE exchange also increased by 2.13% and 1.56%, respectively.
Updated domestic construction steel prices today, March 13th.
In Vietnam, the prices of construction steel from major companies continue to remain stable, with no new adjustments following previous fluctuations. Specifically:
| Trademark | Type of steel | Region | Listed price (VND/kg) |
|---|---|---|---|
| Hoa Phat | D10 CB300 / CB240 | Nationwide | 14,260 |
| Viet-Italian Steel | CB240 / D10 CB300 | North | 14,140 / 14,040 |
| VAS Steel | CB240 / CB300 | Central region | 13,940 / 13,640 |
| Viet Duc Steel | CB240 / CB300 | North | 13,950 / 13,750 |
| Kyoei Steel | CB240 / CB300 | Nationwide | 13,940 / 13,740 |
Overall, the domestic steel market is closely monitoring signals from the real estate market and public investment in the second quarter to determine actual consumption trends. The slight recovery in global steel prices could be a psychological factor supporting the domestic market in the coming weeks.
