Steel price in the market on July 21, 2025

Threaded steel: On July 21st, the average price of threaded steel in major cities across the country was 3384 yuan/ton, an increase of 65 yuan/ton from the previous trading day. Specifically, the futures market opened high in the morning and continued to rise, while the domestic spot market prices continued to rise in the morning. In the morning, the market was bustling with transactions, and in the afternoon, some high-level resources saw a rise in shipments, with a slight increase in discounts.

Hot rolled coils: On July 21st, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3438 yuan/ton, an increase of 83 yuan/ton from the previous trading day. Fundamentally speaking, weak terminal demand and the decline in investment and construction in the real estate market remain the main factors restraining terminal demand. However, industrial policies have boosted the sentiment of the hot coil market in the short term, leading to an increase in speculative demand for finished products.

Cold rolled coils: On July 21st, the average price of 1.0mm cold coils in 24 major cities across the country was 3878 yuan/ton, an increase of 82 yuan/ton from the previous trading day. Most steel mills have raised their guidance prices, market sentiment is high, there are many market inquiries, and actual transactions are limited. On the one hand, merchants have a reluctance to sell, and after a small number of transactions, they continue to increase their resource quotes. On the other hand, the downstream acceptance of the significant increase within the day is limited.

Medium thick plate: On July 21st, the average price of 20mm ordinary plate in 24 major cities across the country was 3518 yuan/ton, an increase of 56 yuan/ton from the previous trading day. At present, the East China medium plate steel plant continues to receive good orders, but market shipments are slow and traders have limited resources, which provides some support for market prices. The recent increase in delivery costs in the South China market has led to a gradual increase in quotes from most merchants, and overall transaction performance has improved compared to last week, driven by the rising prices.