Steel price today November 5: Decreased for the 4th consecutive session due to concerns from China

World markets continue to decline

Steel and iron ore futures on international exchanges recorded a fourth consecutive session of decline, as slowing production and weak steel demand in China weighed on market sentiment.

At the end of the trading session on November 4, all major commodities recorded significant decreases:

On the Shanghai Futures Exchange (SHFE), December rebar futures fell 0.85% (26 yuan) to 3,041 yuan/t . Other commodities such as hot-rolled coil fell 1.03%, wire rod fell 0.54%, and stainless steel fell 0.71%.
On the Dalian Commodity Exchange (DCE), the iron ore contract for January 2026 delivery fell 1.71% to 775.5 yuan/ton (equivalent to 108.87 USD/ton).
On the Singapore Exchange (SGX), iron ore futures for December delivery fell 1.45 USD , closing at 103.6 USD/ton .

Steel price today November 5th decreased for the 4th consecutive session — Steel and iron ore prices are under downward pressure due to weak demand from the Chinese market.

The cause of the decline is from China.

The main reason for the decline is believed to be poor economic signals from China. A private survey showed the country's manufacturing activity continued to expand in October, but at a slower pace, while the official survey showed manufacturing fell for the seventh consecutive month.

Steel consumption fell 5.7% and crude steel output fell 2.9% in the first three quarters of 2025, according to the China Iron and Steel Association (CISA). Brokerage firm Zhongtai Futures said businesses may be less keen on stockpiling for winter this year due to heavy losses in recent years.

In addition, China's iron ore inventories have been rising steadily since the third quarter due to rapidly weakening domestic steel demand, while imports have recovered strongly, leading to a bearish price outlook in the coming period.

Domestic construction steel prices remain stable

In contrast to the developments in the world market, the price of construction steel in the domestic market on November 5 remained stable. According to data from SteelOnline.vn, major brands such as Hoa Phat , Viet Y, and VAS have not adjusted their listed prices.

Detailed steel price list in 3 regions on November 5 (Unit: VND/kg)

Trademark	Product	North	Central region	Southern
Hoa Phat	CB240 steel coil	13,500	13,500	13,500
Hoa Phat	D10 CB300 rebar steel	13,090	10,090	13,090
Vietnamese-Italian	CB240 steel coil	13,640	-	-
Vietnamese-Italian	D10 CB300 rebar steel	12,880	-	-
Vietnamese-German	CB240 steel coil	13,350	13,650	-
Vietnamese-German	D10 CB300 rebar steel	12,850	13,050	-
Viet Sing	CB240 steel coil	13,330	-	-
Viet Sing	D10 CB300 rebar steel	12,930	-	-
VAS	CB240 steel coil	13,330	13,430	13,130
VAS	D10 CB300 rebar steel	12,730	12,830	12,730