The flow of a hydraulic fluid caused by sliding movement of a piston is controlled through a sub-disk valve, a main disk valve and a disk valve to generate damping force. A coil is energized to urge a plunger in the valve closing direction against spring force from a spring, thereby adjusting the relief pressure of the disk valve and thus controlling the damping force. The pressure in a back-pressure chamber varies according to the relief pressure of the disk valve. Thus, the valve opening pressure of the main disk valve is also adjusted. An abrupt input is absorbed by relieving the pressure from the back-pressure chamber by deflection of the disk valve. Because “soft” damping force characteristics, which are often used, are maintained with a small electric current, the power consumption can be reduced. When there is a failure, the spring causes the small-diameter portion of the plunger to close ports, thereby switching the damping force to “hard” side and thus ensuring the steering stability.