In this adjustment, Hòa Phát steel brand in the Northern region increased by 310 VND/kg for both CB240 rolled steel and D10 CB300 ribbed steel. The current prices for these two products are 15,760 VND/kg and 15,840 VND/kg, respectively.

In the Central region, Hòa Phát increased the prices by 310 VND/kg for both CB240 rolled steel and D10 CB300 ribbed steel, resulting in prices of 15,680 VND/kg and 15,730 VND/kg.

In the Southern region, both CB240 rolled steel and D10 CB300 ribbed steel saw an increase of 410 VND/kg. Currently, the prices for these two products are 15,830 VND/kg and 15,880 VND/kg, respectively.

Similarly, the Vietnamese-Italian steel brand increased the prices by 310 VND/kg for both CB240 rolled steel and D10 CB300 ribbed steel. The current prices for these two products are 15,710 VND/kg and 15,810 VND/kg, respectively.

In the Northern region, Viet Duc steel brand increased the price of CB240 rolled steel by 300 VND/kg, currently priced at 15,500 VND/kg; while D10 CB300 ribbed steel increased by 310 VND/kg, reaching a price of 15,810 VND/kg.

In the Central region, Viet Duc increased the price by 310 VND/kg for CB240 rolled steel, which is now priced at 15,860 VND/kg; and D10 CB300 ribbed steel increased by 300 VND/kg, reaching a price of 16,060 VND/kg.

Kyoei Steel adjusted an increase of 300 VND/kg for CB240 rolled steel and an increase of 310 VND/kg for D10 CB300 rebar steel. Currently, the prices of these two products are 15,580 VND/kg and 15,840 VND/kg.

Viet Nhat steel brand in the North also adjusted an increase of 300 VND/kg for CB240 steel coils, to 15,880 VND/kg.

In the Central region, Pomina steel increased the price of CB240 rolled steel by 300 VND/kg, now priced at 16,520 VND/kg; while D10 CB300 ribbed steel increased by 310 VND/kg, currently priced at 16,580 VND/kg.

In the Southern region, Pomina adjusted the prices by increasing 300 VND/kg for CB240 rolled steel, which is now priced at 16,470 VND/kg; and D10 CB300 ribbed steel increased by 310 VND/kg, currently priced at 16,580 VND/kg

Thai Nguyen Steel, increased 410 VND/kg for CB240 steel coil, increased 15,760 VND/kg; D10 CB300 rebar steel increased by 310 VND/kg, currently priced at 15,810 VND/kg.

Southern Tung Ho steel brand, increased 200 VND/kg for CB240 steel coil, to 15,730 VND/kg; D10 CB300 rebar steel increased by 300 VND/kg, currently priced at 15,780 VND/kg.

Northern Viet Sing Steel, increased 300 VND/kg for CB240 rolled steel and increased 400 VND/kg for D10 CB300 rebar steel. Currently, the prices of these two products are 15,630 VND/kg and 15,830 VND/kg respectively.

For the Vietnamese-American steel brand in the Northern region, the price of CB240 rolled steel increased by 300 VND/kg, now reaching 15,680 VND/kg.

In the Central region, CB240 rolled steel and D10 CB300 ribbed steel maintained their prices from the last adjustment on January 31, 2023. The current prices for these two products are 15,680 VND/kg and 15,580 VND/kg, respectively.

In the Southern region, Viet My adjusted the prices by increasing 300 VND/kg for both CB240 rolled steel and D10 CB300 ribbed steel. The prices for these two products are currently 15,580 VND/kg and 15,680 VND/kg, respectively.

American steel brand in the North, adjusted up 310 VND/kg for CB240 steel coil, to 15,330 VND/kg; D10 CB300 rebar steel increased by 410 VND/kg, to 15,580 VND/kg.

However, the domestic steel prices have been continuously adjusted upwards by businesses, not stemming from market demand, but primarily due to the rising prices of various input materials for steel production.

Construction steel prices increase according to raw material prices

According to some experts' assessments, steel prices are likely to continue to rise as global prices are still on the upswing, and key materials for steel production such as iron ore, coking coal, scrap steel, hot-rolled coils, etc., have not shown signs of stopping their upward trends.

In the latest report on the steel production and consumption situation in 2022, the Vietnam Steel Association also provided some less optimistic figures. Specifically, finished steel production in 2022 reached 29.339 million tons, a decrease of 11.9% compared to the same period in 2021. Finished steel consumption amounted to 27.3 million tons, down by 7.2% compared to the same period in 2021, with exports reaching 6.28 million tons, a 19.1% decrease compared to the same period the previous year.

Regarding the prospects for the steel industry in 2023, the Vietnam Commodity Exchange (MXV) believes it will still be a challenging year for the domestic steel sector. However, the "pull" from public investment is expected to bring a more positive outlook for the domestic steel industry.