Steel price today November 30: World steel increases, domestic market remains unchanged

Global steel prices edged up slightly due to a weaker US dollar, but low demand in China kept the gains in check. Meanwhile, the domestic construction steel market held prices steady.

World market developments

In the international market, steel and iron ore prices recorded mixed fluctuations in the trading session on November 29. Although there was a slight upward trend thanks to the weakening USD, the upward momentum was significantly limited due to the weak demand for steel in major markets.

Specifically, the price of steel rebar for delivery in July 2026 on the Shanghai Futures Exchange increased by 30 yuan to 3,165 yuan/ton. Other steel products also recorded a positive trend: steel bars increased by 0.71%, hot-rolled coil increased by 0.27% and wire rod increased by 0.33%. In contrast, stainless steel prices decreased slightly by 0.32%.

Steel and iron ore prices on the world market fluctuated in opposite directions.

In terms of raw materials, iron ore prices showed a mixed performance. On the Dalian Commodity Exchange (DCE), the January iron ore contract fell 0.19% to 794 yuan/ton, although it still gained 1.14% for the week. Meanwhile, the January 2026 iron ore contract rose 0.44% to 799.5 yuan/ton. In Singapore, the December contract (SZZFZ5) fell 0.89% to 105.75 USD/ton, but still recorded a gain of 1.73% compared to the beginning of the week.

Factors affecting the market

A weaker US dollar has been a factor supporting commodity prices. The US dollar index (DXY) stood at 99.431 after falling 0.28% in the previous session, making dollar-denominated commodities more attractive to buyers using other currencies.

However, the rally has been capped by weak demand from China, especially for lump iron ore. The premium for this grade over 62% Fe ore has fallen 42.2% in the past two months to its lowest since late May 2024, according to data from Mysteel. This is because many blast furnace steel mills are losing money, forcing them to switch to medium-quality fines to save on production costs.

China’s steel market is also under pressure from the government ’s commitment to cut production, with full-year crude steel output forecast to fall below 1 billion tonnes for the first time in six years. Galaxy Futures forecasts a further decline in pig iron output this week, adding to the pressure on input prices.

Domestic construction steel prices

According to an update from SteelOnline.vn, construction steel prices in the domestic market on November 30, 2025 remained stable. Large enterprises did not adjust their selling prices.

Area	Trademark	Product	Price (VND/kg)
North	Hoa Phat	CB240 steel coil	13,500
North	Hoa Phat	D10 CB300 ribbed steel bar	13,090
North	Vietnamese-Italian	CB240 steel coil	13,640
North	Vietnamese-Italian	D10 CB300 ribbed steel bar	12,880
North	Viet Duc	CB240 steel coil	13,350
North	Viet Duc	D10 CB300 ribbed steel bar	12,850
North	Viet Sing	CB240 steel coil	13,330
North	Viet Sing	D10 CB300 ribbed steel bar	12,930
North	VAS	CB240 steel coil	13,330
North	VAS	D10 CB300 ribbed steel bar	12,730
Central region	Hoa Phat	CB240 steel coil	13,500
Central region	Hoa Phat	D10 CB300 ribbed steel bar	10,090
Central region	Viet Duc	CB240 steel coil	13,650
Central region	Viet Duc	D10 CB300 ribbed steel bar	13,050
Central region	VAS	CB240 steel coil	13,430
Central region	VAS	D10 CB300 ribbed steel bar	12,830
Southern	Hoa Phat	CB240 steel coil	13,500
Southern	Hoa Phat	D10 CB300 ribbed steel bar	13,090
Southern	VAS	CB240 steel coil	13,130
Southern	VAS	D10 CB300 ribbed steel bar	12,730

Source: https://baolamdong.vn/gia-thep-hom-nay-3011-thep-the-gioi-tang-thi-truong-trong-nuoc-di-ngang-406254.html