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Vietnamese steel
Latest news related to Vietnamese steel.
Steel prices on June 5th: Viet-Australian steel prices fall by 300,000 VND/ton, world iron ore prices plummet.
The domestic steel market saw a decline at Vinausteel, while major companies like Hoa Phat remained unchanged. Global iron ore prices are under significant pressure due to weakening demand in China.
Market
International steel prices in April 2026 rose slightly due to recovering construction demand.
The global steel market in April 2026 saw a slight increase due to rising raw material costs and improved construction demand, although pressure from oversupply continued to weigh on growth.
International steel prices rose slightly in January 2026 amid expectations of economic stimulus from China.
The global steel market saw a slight recovery at the beginning of 2026 due to rising raw material costs and infrastructure support packages from China, significantly impacting the Vietnamese steel industry.
Global steel market in February 2026: Iron ore prices remain stable at $99-102 per ton.
The global steel market faced pressure from oversupply in February 2026 as demand in China recovered slowly, directly impacting steel prices and Vietnam's exports.
Vietnam approves the Steel Industry Development Strategy until 2050 with a target of 70 million tons of crude steel.
Deputy Prime Minister Bui Thanh Son approved the steel industry strategy, orienting the transformation towards high value-added products, green steel, and maximizing domestic demand.
Steel prices today, January 15th: Long-term futures reach a 5-month high after record Chinese exports.
The global steel market is highly polarized as forward prices reach a 5-month high thanks to China's record export volume of 119.02 million tons in 2024.
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