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World Steel Price Update

At the close of trading on March 19, the price of April 2026 rebar futures on the Shanghai Futures Exchange fell 0.73% (23 yuan) to 3,130 yuan/tonne. On the Dalian Commodity Exchange, the price of April 2026 iron ore futures rose 1.45% (12 yuan) to 838 yuan/tonne. On the Singapore Exchange, the price of April 2026 iron ore futures fell $0.16 to $107.15/tonne.

Price movements of April 2026 rebar futures on the SHFE. Source: Barchart

Meanwhile, the price of May 2026 iron ore futures showed signs of decline as the Chinese government eased some restrictions on Jimblebar ore, according to Reuters.

The most actively traded May iron ore contract on the Dalian Commodity Exchange (DCE) fell 0.55% to 807.5 yuan/tonne, or approximately $117.04/tonne.

The easing of restrictions on BHP Jimblebar shipments already available at Chinese ports helped alleviate supply concerns this week, putting downward pressure on prices. However, seaborne export shipments remain banned, expected to tighten supply next week and provide some support to prices.

The average daily output of hot-rolled steel from 242 surveyed mills increased by 38,000 tonnes compared to the previous week and is expected to continue rising next week, according to a report by Shanghai Metals Market. However, high spot prices may still limit trading.

Regarding demand, steel consumption in China is expected to decline by about 1% in 2026, while steel exports are projected to fall compared to 2025 levels, according to a leader of the China Iron and Steel Association.

Notably, a 172,000-ton shipment of Jimblebar Fines is heading to India, a rare deal due to a price reduction, while China, the world's largest buyer, has banned the product since September due to a contract dispute with the mine operator. China Mineral Resources Group (CMRG), the state-owned iron ore corporation, has extended the restrictions to other BHP products as it negotiates the terms of its 2026 supply contract.

Meanwhile, Colombia has imposed a 35% tariff on 14 steel and metal products imported from countries without free trade agreements, including China.

Other steelmaking raw materials on the DCE also declined, with coking coal down 1.15% and coke down 0.84%. Steel indices on the Shanghai Exchange also fell, with rebar prices down 0.51%, hot-rolled coil down 0.36%, wire rod down 1.09%, and stainless steel down 1.42%.

Domestic Construction Steel Price Update

Domestic construction steel prices remained stable across businesses. Specifically, Hoa Phat quoted D10 CB300 steel and CB240 coil steel at 14,720 VND/kg.

Similarly, Viet Y Steel Northern recorded CB240 and D10 CB300 steel at 14,440 and 14,340 VND/kg respectively. Viet Duc Steel Northern recorded CB240 and CB300 steel at 14,550 VND/kg.

Kyoei Steel also recorded CB240 at 13,940 VND/kg and CB300 at 13,740 VND/kg. Pomina Steel Thai Nguyen recorded CB240 at 14,140 VND/kg and CB300 at 13,990 VND/kg.

Steel prices recorded up to March 20, 2026. Source: SteelOnline

Source: Business & Commerce