On March 1, domestic steel prices remained unchanged, while iron ore recorded a monthly loss due to concerns over China's steel exports.

Steel prices in Northern Vietnam

According to SteelOnline.vn, Hoa Phat brand’s CB240 coil steel was priced at 13,480 VND/kg; D10 CB300 rebar was priced at 13,580 VND/kg.

Viet Y Steel’s CB240 coil stood at 13,580 VND/kg; D10 CB300 rebar was at 13,690 VND/kg.

Viet Duc Steel listed CB240 coil at 13,430 VND/kg, and D10 CB300 rebar at 13,740 VND/kg.

Viet Sing Steel’s CB240 coil was priced at 13,400 VND/kg; D10 CB300 rebar was at 13,700 VND/kg.

VAS Steel listed CB240 coil at 13,400 VND/kg; D10 CB300 rebar at 13,450 VND/kg.

Steel prices in Central Vietnam

Hoa Phat Steel’s CB240 coil was priced at 13,530 VND/kg; D10 CB300 rebar at 13,640 VND/kg.

Viet Duc Steel’s CB240 coil stood at 13,840 VND/kg; D10 CB300 rebar at 14,140 VND/kg.

VAS Steel listed CB240 coil at 13,800 VND/kg; D10 CB300 rebar at 13,850 VND/kg.

Steel prices in Southern Vietnam

Hoa Phat Steel’s CB240 coil was priced at 13,690 VND/kg; D10 CB300 rebar at 13,840 VND/kg.

VAS Steel listed CB240 coil at 13,450 VND/kg; D10 CB300 rebar at 13,550 VND/kg.

Steel futures prices

Rebar futures for October 2025 delivery on the Shanghai Futures Exchange (SHFE) rose by 2 CNY to 3,385 CNY/ton.

Iron ore futures declined and were set for a monthly loss, pressured by concerns over U.S. tariffs and increasing trade tensions impacting China's steel exports.

The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) dropped by 0.74% to 799.5 CNY/ton (109.72 USD/ton).

The contract lost 1.17% for the month. Benchmark March iron ore prices on the Singapore Exchange fell 1.36% to 103.65 USD/ton, down 1.94% for February.

U.S. President Donald Trump stated on Thursday that a proposed 25% tariff on goods from Mexico and Canada would take effect on March 4, along with an additional 10% tariff on Chinese imports.

President Trump had already imposed a 10% tariff on Chinese goods earlier this month, resulting in a cumulative 20% tariff.

He also announced a plan to impose a 25% tariff on all steel and aluminum imports, triggering a new wave of trade tensions affecting Chinese steel.

Vietnam has announced provisional anti-dumping duties on certain Chinese steel products, while South Korea has imposed temporary tariffs on Chinese steel imports.

U.S. steel tariffs are expected to disrupt China's estimated 7 billion USD worth of steel transshipment activity, weakening a crucial revenue stream for China’s struggling steel industry.

Meanwhile, flaws in China’s exchange programs—meant to reduce costs for unsubsidized goods—may lower future spending and are pressuring authorities to unveil consumer-focused, long-term policies as the National People’s Congress convenes on March 5.

Furthermore, Chinese factory activity likely contracted for a second month in February, prompting renewed calls for additional stimulus measures to support weakening domestic demand.

Despite this, benchmark steel futures on the Shanghai Futures Exchange posted gains. Rebar rose nearly 0.1%, hot-rolled coil increased by 0.18%, wire rod by 0.14%, and stainless steel by 0.3%.

Other steelmaking components on the DCE also rose, with coke and coking coal up 0.41% and 0.78% respectively.

Source: Kinh tế & Đô thị