Steel price today November 27: slight increase

Most steel benchmarks on the Shanghai Futures Exchange edged up.

Steel prices in the North

According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 13,580 VND/kg; D10 CB300 ribbed steel bar is priced at 13,790 VND/kg.

Viet Y Steel brand, CB240 rolled steel line is priced at 13,530 VND/kg; D10 CB300 ribbed steel bar is priced at 13,640 VND/kg.

Viet Duc Steel, with CB240 coil steel line at 13,530 VND/kg, D10 CB300 ribbed steel bar is priced at 13,890 VND/kg.

Viet Sing Steel, with CB240 coil steel priced at 13,500 VND/kg; D10 CB300 ribbed steel bar priced at 13,700 VND/kg.

VAS steel, with CB240 coil steel line at 13,500 VND/kg; D10 CB300 ribbed steel bar is priced at 13,600 VND/kg.

Steel prices in the Central region

Hoa Phat Steel, with CB240 coil steel down to 13,580 VND/kg; D10 CB300 ribbed steel bar priced at 13,790 VND/kg.

Viet Duc Steel, currently CB240 coil steel is at 13,990 VND/kg; D10 CB300 ribbed steel is priced at 14,190 VND/kg.

VAS Steel currently sells CB240 coil steel at 13,650 VND/kg; D10 CB300 ribbed steel bar is priced at 13,700 VND/kg.

Pomina steel, with CB240 coil steel line at 14,180 VND/kg; D10 CB300 ribbed steel bar is priced at 14,180 VND/kg.

Steel prices in the South

Hoa Phat Steel, CB240 rolled steel at 13,580 VND/kg; D10 CB300 ribbed steel reduced to 13,790 VND/kg.

VAS steel, CB240 coil steel line is at 13,500 VND/kg; D10 CB300 ribbed steel bar is priced at 13,600 VND/kg.

Pomina steel, CB240 coil steel line is at 13,970 VND/kg; D10 CB300 ribbed steel bar is priced at 13,970 VND/kg.

Steel prices on the exchange

Rebar on the Shanghai Futures Exchange (SHFE) for June 2025 delivery rose 7 yuan to 3,377 yuan/t.

Iron ore futures edged up for a second straight session, boosted by stronger global steel output, although US President Donald Trump’s pledge to impose new tariffs when he takes office capped gains.

The most-traded January iron ore contract on the Dalian Commodity Exchange (DCE) DCIOcv1 rose 0.77% to 786.5 yuan ($108.41) a tonne.

Benchmark December iron ore SZZFZ4 on the Singapore Iron ore Exchange rose 0.19% to $102.8 a tonne.

The World Steel Association revised its production data upward to show global crude steel output rose 1% year-on-year in October, compared with a 0.4% increase reported last Friday.

In China, the world's top producer and consumer of the metal, crude steel output rose 2.9% last month, latest data showed. China, the world's second-largest economy, is now in a much more vulnerable position due to a prolonged property downturn, debt risks and weak domestic demand.

The iron ore market remains very focused on upcoming Chinese meetings, including the Politburo meeting scheduled for early December and the Central Economic Work Conference scheduled for mid-December, Westpac analysts said in a note.

“China still faces very serious structural headwinds to growth, but at least the fiscal and monetary policy settings are now clearer in providing meaningful support,” Westpac said in a note.

Other steelmaking components on the DCE were mixed, with coking coal DJMcv1 down 0.7% and coking coal DCJcv1 up 0.44%.

Most steel benchmarks on the Shanghai Futures Exchange rose slightly. Rebar SRBcv1 rose about 0.4%, hot-rolled coil SHHCcv1 rose nearly 0.3%, wire rod SWRcv1 rose about 1.2%, while stainless steel SHHScv1 fell nearly 0.7%.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-27-11-tang-nhe.html