Vietnam Construction Steel Prices Steady as Iron Ore Futures Fall for the Week

As of November 14, 2026, Vietnamese companies’ construction steel price quotes remained steady. Hòa Phát quoted CB240 steel at 14,920 Vietnamese dong per kilogram and D10 CB300 steel at 14,210 Vietnamese dong per kilogram; Pomina quoted CB240 steel at 14,850 Vietnamese dong per kilogram.

On November 13, December 2026 rebar futures on the Shanghai Futures Exchange rose 0.13% to close at 3,048 yuan per tonne. December iron ore futures on the Dalian Commodity Exchange fell 0.37% to close at 672 yuan per tonne; December iron ore futures on the Singapore Exchange closed at US$90.45 per tonne.

Price movements of December 2026 rebar futures on the Shanghai Futures Exchange.（VietVance）

The most actively traded January 2027 iron ore futures contract on the Dalian Commodity Exchange closed at 669.5 yuan per tonne on November 13. It fell 2.83% for the week, its largest weekly decline since the week ending October 9. SMM data showed that iron ore inventories at 10 major Chinese ports rose by 3.28 million tonnes from the previous week to 107.96 million tonnes as of November 12. SMM analysts said accumulating port inventories, slow consumption and purchases based on immediate needs could keep iron ore prices under pressure.

Mysteel data showed that steel billet inventories at major warehouses and ports in Tangshan rose by 48,800 tonnes over the week to 1.75 million tonnes as downstream purchases declined. In India, Tata Steel plans to sell 10 million tonnes of iron ore on the domestic market this fiscal year, up from about 2 million tonnes in the previous fiscal year.

Vietnam construction steel prices as of November 14, 2026.（VietVance）

Source: VietVance