Steel Price in the Market on November 24, 2025

On November 24th, the average price of 20mm Grade III seismic resistant rebar in 31 major cities across the country was 3283 yuan/ton, an increase of 15 yuan/ton from the previous trading day. Specifically, in the early trading session, the snail market fluctuated strongly, with most domestic spot prices rising in the morning and some remaining stable. In terms of transactions, the market was average in the morning, and the futures market continued to rise in the afternoon. Some spot market prices followed suit, and merchants reported that the trading atmosphere was hot, resulting in a large volume of market transactions.

Hot rolled coils: On November 24th, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3319 yuan/ton, an increase of 9 yuan/ton from the previous trading day. Black series futures fluctuated upwards, while hot stocks surged and fell back. On the demand side, data such as terminal fixed assets investment and real estate investment continue to weaken, and demand expectations continue to be pessimistic.

Cold rolled coils: On November 24th, the average price of 1.0mm cold coils in 24 major cities across the country was 3903 yuan/ton, an increase of 3 yuan/ton from the previous trading day. In the morning, the quotes of merchants in various regions remained stable and watched, while the hot coil futures market fluctuated upwards. Downstream purchasing enthusiasm increased, and there were more orders planned in the morning. Some markets had decent transactions, but prices were slightly raised in the afternoon, resulting in an overall increase in trading volume.

Medium thick plate: On November 24th, the average price of 20mm ordinary plate in 24 major cities across the country was 3424 yuan/ton, unchanged from the previous trading day. Due to recent demand, the majority of cities across the country have focused on stable spot prices for the mid board, and traders are relatively cautious about the future market and dare not raise prices. The trading volume was average throughout the day, but after the close, there were more inquiries from customers.