Domestic enterprises adjust selling prices
Domestic construction steel prices have shown signs of increasing again after a long period of price holding. Recorded on August 7, many businesses adjusted retail prices at factories in the direction of a slight increase of 50150 VND/kg, depending on the type.
Specifically, according to steelonline.vn, Hoa Phat's CB240 steel is listed at VND13,230/kg; D10 CB300 steel is listed at VND12,830/kg. At Viet Y Steel, CB240 is priced at VND13,130/kg, D10 CB300 is VND12,520/kg. Viet Sing enterprises also adjusted according to the general level, respectively 13,130 VND/kg for CB240 and 12,930 VND/kg for CB300.
According to the bulletin of the Vietnam Steel Association published in July 2025, the steel market in the first 6 months of 2025 will face many challenges such as tariff barriers, trade defense measures, political conflicts, a series of new policies and unstable developments of the steel market, global market political conflicts, which will affect steel consumption demand.
World market recovers thanks to output tightening policy
Steel prices on the international market increased simultaneously in the trading session on August 6. At the Shanghai Stock Exchange, the price of bar iron and steel for delivery in August increased by 0.85%, reaching 3,195 yuan/ton (equivalent to about 441 USD/ton). On the Dai Lien Stock Exchange, the price of iron ore futures for the same period increased by 0.86% to 816.5 yuan/ton. On the Singapore Exchange (SGX), the price of iron ore decreased slightly by 0.66 USD, down to 101.25 USD/ton.
The recovery of steel prices is said to come from the Chinese steel industry's decision to tighten output. According to the China Steel Association (CISA), enterprises are being asked to cut excess capacity, prioritize efficient, high-quality production and environmental control. At the same time, domestic export and consumption strategies are also being flexibly adjusted to maintain supply-demand balance.
Mr. Trieu Man Ca - Chairman of CISA - emphasized that regulating crude steel output is a key solution to stabilize the market. The Association also strengthens the supervision of import-export markets, supporting the development of high-quality steel to serve strategic industries such as renewable energy, high-tech equipment and biomedical.
According to data from the National Statistical Office of China, crude steel output in the first 6 months of 2025 reached 515 million tons, down 3% over the same period. Steel consumption is expected to reach 452 million tons, down 5.6%. However, exports still increased by 9% in volume, helping the total profit of the industry reach 46.3 billion yuan (equivalent to 6.44 billion USD), exceeding the total profit for the whole year of 2024.
