Steel Price in the Market on December 8, 2025

Rebar: On December 8, the average price of 20mm Grade III seismic rebar in 31 major cities across China was 3,307 yuan per ton, down 19 yuan per ton from the previous trading day. On one hand, with steel mills entering winter shutdowns, production enthusiasm has waned, leading to a decline in rebar output. On the other hand, the characteristics of the off-season have become increasingly evident in recent weeks, with terminal demand pressure gradually intensifying.

Hot-rolled coil: On December 8, the average price of 4.75mm hot-rolled coil in 24 major cities across China was 3,313 yuan/ton, down 15 yuan/ton from the previous trading day. The continuous decline in pig iron prices put pressure on furnace materials, while the sharp drop in coal and coke significantly dragged down the market, maintaining a weak steel market trend. From the downstream industry perspective, real estate investment continued to decline sharply, infrastructure growth remained sluggish, and the manufacturing PMI showed marginal improvement, with overall domestic demand still weak.

Cold-rolled coil: On December 8, the average price of 1.0mm cold-rolled coils in 24 major cities across the country was 3,901 yuan/ton, down 9 yuan/ton from the previous trading day. On one hand, downstream demand has weakened since December; on the other hand, the market is characterized by buying rallies but not rallies in declines, resulting in a subdued trading atmosphere during the session, with terminal orders facing price suppression. From a fundamental perspective, the overall supply of cold-rolled coils remains high, and market inventory is significantly higher than the same period last year.

Thick Plate: On December 8, the average price of 20mm plain plate in 24 major cities across China was 3,415 yuan per ton, down 9 yuan per ton from the previous trading day. Regionally, shipments in East China and North China were weak on the 8th, with poor market demand and increasing hidden price reductions. This week, inventories in most northern cities rose significantly, and shipments faced difficulties, with most traders pessimistic about the market outlook.