AsemconnectVietnam - In April 2025, steel prices remained relatively stable, with no significant fluctuations compared to the end of March. Construction steel prices from major companies such as Hòa Phát, Việt Ý, and Miền Nam remained in the range of 13,530 – 13,580 VND/kg for CB240 coil steel and D10 CB300 rebar. This stability reflects a market slowdown after a slight increase earlier this year.

The main reasons are that domestic demand has yet to show a strong recovery, while supply remains abundant. The real estate and construction sectors have not rebounded significantly, keeping demand relatively low. Additionally, the prices of raw materials such as billet and iron ore have slightly decreased in the international market, contributing to the stability of domestic steel prices.
Some smaller steel companies made slight reductions of 50–100 VND/kg to stimulate demand. However, overall market purchasing power has not shown clear improvement.
Domestic steel prices continue to be heavily influenced by international developments, particularly steel prices and trade policies from China and the U.S.
Construction Steel Prices by Region (as of April 21, 2025):
• In the North:
o Hòa Phát CB240 coil steel was priced at 13,550 VND/kg, up 70 VND/kg from the previous month.
o Việt Ý CB240 coil steel remained unchanged at 13,580 VND/kg.
• In the Central region:
o Hòa Phát CB240 coil steel was priced at 13,630 VND/kg, up 100 VND/kg from the previous month.
o Việt Đức CB240 coil steel was priced at 13,800 VND/kg, down 40 VND/kg from the previous month.
• In the South:
o Hòa Phát CB240 coil steel was priced at 13,550 VND/kg, down 100 VND/kg from the previous month.
o VAS CB240 coil steel remained unchanged at 13,380 VND/kg.
Production
According to the Vietnam Steel Association (VSA), finished steel production in March 2025 reached 2.698 million tons, up 25.33% compared to February 2025 and up 15% compared to March 2024.
In the first quarter of 2025, finished steel production totaled 7.464 million tons, marking a 5.7% increase compared to the same period in 2024.
Imports
According to the General Department of Vietnam Customs, Vietnam imported 1.23 million tons of steel in March 2025, down 20.93% from the previous month, with a total value of over 911 million USD, down 12.7%.
The average import price reached 738.52 USD/ton, an increase of 10.44% compared to February 2025.
For the cumulative three months of 2025, Vietnam imported 3.7 million tons of steel, valued at 1.6 billion USD — a decrease of 8.45% in volume and 9.65% in value compared to the same period in 2024.
The average price stood at 706.68 USD/ton, down 1.31% from the same period last year.
During the first three months of 2025:
• China remained Vietnam’s largest steel supplier, shipping 2.5 million tons valued at 1.4 billion USD. The average price was 624.06 USD/ton, down 19.61% in volume, 21.15% in value, and 1.92% in price compared to the same period in 2024. China accounted for 60.24% of the total import volume and 53.2% of the total import value.
• Japan ranked second, with 570,223 tons valued at 373 million USD, at an average price of 653.54 USD/ton. Compared to the same period in 2024, imports from Japan rose 34.74% in volume, 20.85% in value, but the price dropped by 10.3%. Japan accounted for 15.23% of total volume and 14.09% of total value.
• Indonesia followed, exporting 311,104 tons to Vietnam, a significant increase of 95.69% year-on-year, valued at 372 million USD — up 49.55%. However, the average price dropped to 1,196 USD/ton, down 23.58% compared to the same period in 2024. Indonesia accounted for 8.31% of the total volume and 14.08% of the total import value.
Domestic Consumption
According to the Vietnam Steel Association, steel sales of all types reached 3.021 million tons in March 2025, an increase of 25.64% compared to the previous month and 26.4% compared to March 2024.
In the first quarter of 2025, finished steel sales totaled 7.501 million tons, up 12.2% compared to the same period in 2024. Of this, exports accounted for 1.414 million tons, down 37.2% year-on-year.
Exports
According to the General Department of Vietnam Customs, in the first three months of 2025, Vietnam exported 2.8 million tons of steel, a decrease of 14.81% compared to the same period last year.
Export value reached 1.9 billion USD, down 25.21%, with the average export price standing at 648.65 USD/ton, down 12.21% compared to the same period in 2024.
In March 2025 alone, Vietnam exported more than 1 million tons of steel, up 21.77% compared to the previous month, but down 8.19% year-on-year.
Export value in March reached 642.8 million USD, up 20.5% compared to February 2025, but down 23% compared to March 2024. The average export price was 636.86 USD/ton, down 1.41% from the previous month and down 16.13% compared to the same month in 2024.
During the first three months of 2025:
• Cambodia was the largest export market, importing 370,538 tons of steel from Vietnam, valued at 211 million USD. The average price was 570.2 USD/ton, representing a 31.25% increase in volume, a 15.6% increase in value, but an 11.93% decrease in price compared to the same period in 2024. Cambodia accounted for 13.45% of Vietnam’s total steel export volume and 11.82% of total export value.
• The United States ranked second, importing 349,431 tons of steel worth 209 million USD. The average price was 598.6 USD/ton, down 24.7% in volume, 48% in value, and 31% in price compared to the same period last year. The U.S. accounted for 12.69% of total volume and 11.71% of total export value.
• Italy followed, with 211,211 tons exported, valued at 140.6 million USD. The average price was 666.05 USD/ton, down 56.21% in volume and 52.92% in value but up 7.51% in average price compared to the same period in 2024. Italy accounted for 7.67% of total volume and 7.87% of total steel export value.
T.Huong
Source:Vitic