Steel price in the market on December 1, 2025

Threaded steel: On December 1st, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3320 yuan/ton, an increase of 29 yuan/ton from the previous trading day. The current macro fundamentals remain stable. Although the weather has turned cooler, there is a rush to work in some areas, and the time and magnitude of inventory depletion have exceeded market expectations.

Hot rolled coils: On December 1st, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3333 yuan/ton, an increase of 15 yuan/ton from the previous trading day. In terms of demand, the short-term funding situation for construction sites continues to improve, coupled with the impact of tight deadlines, resulting in a slight boost in market demand. On the supply side, the number of maintenance facilities in steel mills may increase, and it is expected that some blast furnace production cuts in December may be realized, forming a strong positive expectation for later supply. In terms of emotions, as the end of the year approaches, there is a gradual increase in policy meetings and speculative sentiment.

Cold rolled coils: On December 1st, the average price of 1.0mm cold coils in 24 major cities across the country was 3909 yuan/ton, an increase of 7 yuan/ton from the previous trading day. The good performance of the futures market has to some extent enhanced the market's purchasing enthusiasm, and there has been a slight improvement in intraday transactions. According to feedback from Southwest traders, there has been an increase in the number of inquiry customers on the 1st. However, the market demand in December is already in the off-season, and orders from major OEMs in Chongqing have declined. The actual transaction performance is relatively average, and currently, shipments are still the main focus.

Medium thick plate: On December 1st, the average price of 20mm ordinary plate in 24 major cities across the country was 3425 yuan/ton, an increase of 6 yuan/ton from the previous trading day. Downstream purchasing power has increased, and in most cities in the East China, South China, and North China markets, the mid board prices have slightly risen, with some volume of transactions but falling short of expectations of price increases. Due to sustained low demand, there is insufficient motivation for price increases in the southwest and northwest regions.