Steel price today May 27: Plunging due to supply - demand pressure...

Steel prices in the domestic market remained stable today. However, in China, iron ore prices traded on the Dalian Commodity Exchange fell to their lowest level in two weeks, negatively affected by weak steel demand and a gloomy outlook for the real estate industry.

World steel prices

On the Shanghai Futures Exchange (SHFE), rebar prices for October 2025 delivery fell 8 yuan to 3,009 yuan per tonne.

Iron ore futures also recorded a downward trend as steel demand in China – the world’s largest market – continued to weaken. The prolonged gloomy situation in the real estate sector is weakening confidence and trading sentiment in the raw material market.

The most-traded September iron ore contract on the Dalian Commodity Exchange (DCE) fell 2.21 percent to 706.5 yuan ($98.47) a tonne.

Earlier in the session, the contract price hit 704 yuan, the lowest level since May 12.

Illustration photo/TL.

On the Singapore Exchange, the benchmark iron ore contract for June delivery (SZZFM5) fell 1.09% to $97.05 a tonne.

Meanwhile, Galaxy Futures commented that prolonged difficulties in the construction and real estate industries are putting great pressure on domestic steel demand.

China’s property slump is expected to continue this year, with home prices set to fall nearly 5% in 2025 and struggle to recover in 2026, according to a Reuters poll.

However, the dollar index, which measures the greenback's strength against a basket of six major currencies, fell 0.3% to 98.813 - extending a 1.9% decline from last week.

A weaker dollar makes assets priced in the currency, including commodities such as iron ore, more attractive to buyers holding other currencies.

Input materials for steel production on DCE also decreased simultaneously; in which coking coal and coke (DCJcv1) decreased by 1.96% and 1.72% respectively.

On the Shanghai Futures Exchange, prices of key steel products continued to fall sharply. Rebar lost 1.67%, hot-rolled coil fell 2.03%, wire rod (SWRcv1) plunged 2.58%, while stainless steel edged down 0.04%.

Domestic steel prices

Steel prices in the North: Hoa Phat steel brand, with CB240 coil steel line at 13,790 VND/kg; D10 CB300 ribbed steel bar is priced at 13,740 VND/kg.

Viet Y Steel brand, CB240 rolled steel line is priced at 13,890 VND/kg; D10 CB300 ribbed steel bar is priced at 13,640 VND/kg.

Viet Duc Steel, with CB240 coil steel line at 13,600 VND/kg, D10 CB300 ribbed steel bar is priced at 13,350 VND/kg.

Viet Sing Steel, with CB240 coil steel, is priced at VND13,690/kg; D10 CB300 ribbed steel is priced at VND13,580/kg.

VAS steel, with CB240 coil steel line at 13,740 VND/kg; D10 CB300 ribbed steel bar is priced at 13,740 VND/kg.

Steel prices in the Central region: Hoa Phat Steel, with CB240 coil steel line, is at 13,840 VND/kg; D10 CB300 ribbed steel bar is priced at 13,790 VND/kg.

Viet Duc Steel, currently CB240 rolled steel is at 14,050 VND/kg; D10 CB300 ribbed steel is priced at 14,000 VND/kg.

VAS steel, CB240 coil steel line is at 13,740 VND/kg; D10 CB300 ribbed steel bar is priced at 13,790 VND/kg.

Steel prices in the South: Hoa Phat Steel, CB240 rolled steel, at 13,790 VND/kg; D10 CB300 ribbed steel is priced at 13,740 VND/kg.

VAS steel, CB240 coil steel line is at 13,740 VND/kg; D10 CB300 ribbed steel bar is priced at 13,840 VND/kg.

Source: https://baodaknong.vn/gia-thep-hom-nay-27-5-lao-doc-do-ap-luc-cung-cau-yeu-tu-trung-quoc-253756.html