Steel price in the market on February 18, 2025

Threaded steel: On February 17th, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3435 yuan/ton, a decrease of 5 yuan/ton from the previous trading day. Starting from this week, demand is gradually returning to normal, which may provide some support for prices.

Hot rolled coils: On February 17th, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3439 yuan/ton, a decrease of 4 yuan/ton from the previous trading day. From the perspective of demand, the Yuanxiao (Filled round balls made of glutinous rice-flour for Lantern Festival) Festival has just passed, and there is no centralized resumption of construction at the construction site. Overall resource digestion still needs time to pass. From a supply perspective, steel mills are gradually resuming production, and with current profits, the recovery of operating rates and capacity utilization rates is limited, and the overall fundamentals of hot coils have not yet improved significantly.

Cold rolled coils: On February 17th, the average price of 1.0mm cold coils in 24 major cities across the country was 4185 yuan/ton, a decrease of 4 yuan/ton from the previous trading day. In order to ensure shipment volume, the merchant has experienced a slight decrease in actual shipments. 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.

Medium thick plate: On February 17th, the average price of 20mm ordinary plate in 24 major cities across the country was 3514 yuan/ton, a decrease of 3 yuan/ton from the previous trading day. According to feedback from traders in East China, although the mid board prices have slightly fallen since the Spring Festival, regardless of the market trend, demand is still acceptable, and traders have a cautious and optimistic attitude. In terms of supply, East China Pinggang is undergoing maintenance and West City is resuming production, maintaining overall supply balance; The delivery speed in southern China is not fast, while in northern China it is relatively fast, resulting in significant inventory pressure.