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Steel market 2026
Latest news updates related to the steel market in 2026.
China reduced steel production but increased iron ore imports to 418.6 million tons.
China's steel output declined by 4.1% in the first four months of 2026, but iron ore imports still grew by 8%, reflecting a structural shift in the industry.
Market
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.
China's steel output in March 2026 fell 6.3% to 87.04 million tons.
China's crude steel output fell to its lowest level in March since 2020 due to low profit margins and weakened exports caused by conflict in the Middle East.
Steel prices on March 31st: Construction steel prices increased by up to 600 VND/kg, the global market remained volatile.
Hoa Phat Group adjusted the price of ribbed steel bars and steel coils upwards by 400-600 VND/kg due to cost pressures. On the international market, the price of Shanghai steel bars increased slightly by 0.5%.
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