Steel Price in The Market on November 17, 2025

Rebar: On November 17, the average price of 20mm Grade III earthquake-resistant rebar in 31 major cities across China was 3,268 yuan/ton, up 26 yuan/ton from the previous trading day. In the short term, due to raw material costs, steel mills have seen a significant narrowing of profits recently, fueling their eagerness for price increases. Meanwhile, the recent strong rise in rebar prices has improved market sentiment.

Hot-rolled coils: On November 17, the average price of 4.75mm hot-rolled coils in 24 major cities across the country was 3,325 yuan/ton, up 21 yuan/ton from the previous trading day. The current steel market is in a phase dominated by weak reality and cost support, accompanied by a rebound in raw material prices and the full launch of environmental inspections in the Beijing-Tianjin-Hebei region. In terms of raw materials, supply has tightened significantly in the near term. The fourth round of price hikes by coking enterprises has taken effect, boosting market sentiment and restoring profitability for coking companies.

Cold-rolled coil: On November 17, the average price of 1.0mm cold-rolled coils in 24 major cities across China was 3,903 yuan/ton, up 6 yuan/ton from the previous trading day. On the 17th, hot-rolled coil futures strengthened, boosting market confidence and increasing trading activity. From a fundamental perspective, supply remains relatively high, while demand shows a downward trend due to comprehensive heating in northern regions. Meanwhile, spot inventories in key southern markets still face pressure. With the off-season approaching, overall market expectations weaken, leaving underlying contradictions unresolved. Merchants primarily focus on reducing inventory and managing risks through shipments, limiting the upside potential for spot prices.

Medium-thick plate: On November 17, the average price of 20mm general plates in 24 major cities across the country was 3,432 yuan/ton, up 6 yuan/ton from the previous trading day. The spot market saw relatively active trading on the 17th, with traders still offering price concessions to facilitate sales. Transactions and shipments dominated, as most merchants remained cautiously optimistic about the future of the medium-thick plate market. Currently, they prioritize maintaining shipments and are still hesitant to raise prices.