Weak demand from China affects prices of 2 key construction materials

Steel and iron ore prices today, May 27, 2025, continued to decline in the latest trading session. This decline was mainly affected by weak domestic demand in China.

On May 27, 2025, the domestic steel market recorded price stability, while steel and iron ore prices in the world market were under downward pressure due to weakening demand from China.

According to records at 8:30 a.m., steel prices in the Northern, Central and Southern regions remained stable, fluctuating between VND 13,350/kg and VND 14,190/kg for popular products such as CB240 rolled steel and D10 CB300 rebar.

Specifically, the price of CB240 rolled steel of Viet Duc Steel is 13,600 VND/kg, D10 CB300 ribbed steel is 13,350 VND/kg.

Hoa Phat Steel listed CB240 at 13,790 VND/kg and D10 CB300 at 13,740 VND/kg.

Viet Sing Steel has CB240 price of 13,690 VND/kg and D10 CB300 price of 13,580 VND/kg.

For Viet Y Steel, the price of CB240 is 13,890 VND/kg and D10 CB300 is 13,640 VND/kg.

VAS Steel listed both CB240 and D10 CB300 at VND13,740/kg in some areas.

In other regions, Hoa Phat Steel has CB240 at VND13,840/kg and D10 CB300 at VND13,790/kg. VAS Steel in these markets has CB240 at VND13,740/kg and D10 CB300 at VND13,790/kg.

Hoa Phat Steel in another market listed CB240 at VND13,790/kg and kept D10 CB300 at VND13,740/kg. VAS Steel here has CB240 at VND13,740/kg and D10 CB300 at VND13,840/kg.

TungHo Steel brand has higher prices, with CB240 coil steel priced at VND14,040/kg and D10 CB300 rebar steel at VND14,190/kg.

In the international market, steel and iron ore prices continued to decline in the latest trading session. This decline was mainly affected by weak domestic demand in China and the gloomy outlook for the real estate market in this country.

On the Shanghai Futures Exchange, rebar futures for October 2025 delivery fell 8 yuan to 3,009 yuan/ton. Rebar contracts also fell 1.01% to 3,050 yuan/ton.

Iron ore futures for September delivery on the Dalian Commodity Exchange fell 2.21 percent to 706.5 yuan a tonne, the lowest in two weeks.

On the Singapore exchange, the June contract fell 1.09% to $97.05/ton.

According to data from Mysteel, the price of imported iron ore into China fell in the week of May 19-23, reflecting the reduction in production by steel mills there. Pig iron production in May was also recorded to have fallen 0.5% to 2.4 million tonnes.

China's real estate market continues to put great pressure on it as home prices are expected to fall by nearly 5% in 2025, which directly weakens domestic steel demand.

Although the USD Index (DXY) fell 0.3%, making USD-denominated commodities such as iron ore more attractive to foreign investors, this factor was not strong enough to pull steel prices back up amid weak actual demand from China.

However, there are also bright spots in the global steel market picture. In Europe, steel production in Spain increased by 6.1% in the first four months of the year to 4.32 million tonnes, according to WorldSteel, indicating a recovery in some regions.

Source: https://baoquangnam.vn/nhu-cau-tu-trung-quoc-yeu-di-anh-huong-den-gia-2-nguyen-lieu-xay-dung-chu-chot-3155566.html