Steel prices today, December 22, 2025: Iron ore prices rise.
Steel prices today, December 22, 2025: Domestic prices remain stable, while world iron ore prices recorded their strongest weekly increase since the end of October.
The domestic steel market is stable.
According to data from SteelOnline.vn, domestic construction steel prices on December 22nd showed no new fluctuations compared to recent sessions. Supply and demand are considered to be in a balanced state as construction activity has not yet entered its peak phase.
Northern region
In Northern Vietnam, the prices of popular steel products from several major brands are listed as follows:
| Trademark | Product | Price (VND/kg) |
|---|---|---|
| Hoa Phat | CB240 steel coil | 13,500 |
| Hoa Phat | D10 CB300 ribbed steel bar | 13,090 |
| Vietnam Italy | CB240 steel coil | 13,640 |
| Vietnam Italy | D10 CB300 ribbed steel bar | 12,880 |
| Viet Duc | CB240 steel coil | 13,350 |
| Viet Duc | D10 CB300 ribbed steel bar | 12,850 |
Central and Southern regions
Similarly, the Central and Southern markets also recorded stability. In the Central region, Hoa Phat Steel maintained a price of 13,500 VND/kg for CB240 steel coils. In the Southern region, Hoa Phat Steel also traded around 13,500 VND/kg for CB240 steel coils and 13,090 VND/kg for D10 CB300 ribbed steel bars. VAS Steel kept the price of CB240 steel coils above 13,000 VND/kg.
Global market developments
On the international market, steel and raw material prices are fluctuating in opposite directions. The July 2026 rebar contract on the Shanghai Futures Exchange (SHFE) rose slightly by 1 yuan, reaching...3,128 Yuan/ton.
Notably, iron ore futures prices have risen over the past week. The most actively traded iron ore contract on the Dalian Commodity Exchange (DCE) stood at...775.5 RMB/ton, up about 2% and the strongest weekly gain since the end of October. On the Singapore exchange, the January futures contract was trading at104.6 USD/ton, up about 2.6% this week.
Market outlook
According to analysts, the rise in iron ore prices is driven by lower input costs such as coal and coking coal, which improves profit margins for steel mills. This could encourage businesses to increase production.
Furthermore, the market expects Chinese steel producers, the world's largest steel consumer, to soon ramp up inventory replenishment in preparation for the Lunar New Year holiday in February. However, one factor putting pressure on the market is the announcement by the Chinese Ministry of Commerce that it will implement an export licensing mechanism for certain steel products starting January 1st.
For other raw materials, coking coal prices recorded a slight decrease while metallurgical coal prices edged up, indicating a divergence in the market.
