Steel price in the market on April 27, 2025

Threaded steel: On April 27th, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3373 yuan/ton, an increase of 46 yuan/ton from the previous trading day. In the short term, on the one hand, there have been recent supply side policy disturbances and market sentiment preferences; On the other hand, the pre holiday market tends to be cautious in stocking up.

Hot rolled coils: On April 27th, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3368 yuan/ton, an increase of 35 yuan/ton from the previous trading day. On Friday night, futures steel saw a significant increase, with spot traders following suit, but trading was poor. Due to the unconfirmed news of production control and the recent significant fluctuations in the macro direction, there is no clear direction, and everyone is afraid of a futures pullback, which leads to traders being afraid to sell at low prices and downstream traders being afraid to buy at high prices.

Cold rolled coils: On April 27th, the average price of 1.0mm cold coils in 24 major cities across the country was 3953 yuan/ton, an increase of 3 yuan/ton from the previous trading day. From the market understanding, the recent demand for cold-rolled coils has been very average, except for steel demand in the automotive and home appliance sectors, there is no significant increase in downstream demand.

Medium thick plate: On April 27th, the average price of 20mm ordinary plate in 24 major cities across the country was 3572 yuan/ton, an increase of 18 yuan/ton from the previous trading day. On the 27th, the trading atmosphere in the market rebounded slightly, downstream demand was slightly released, and traders' inventories were low, indicating a more optimistic outlook for the future. On the supply side, the flow of molten iron in medium and thick plate steel mills is still dominated by high value-added varieties, and the production of general materials is limited. The phenomenon of market shortage still exists, and some high priced products are reluctant to sell.