Steel price in the market on June 16, 2025

Threaded steel: On June 16th, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3230 yuan/ton, an increase of 5 yuan/ton from the previous trading day. At present, terminal demand is still weak, which greatly restricts the rebound of market prices. However, after the typhoon, transactions are expected to improve, supply and demand fundamentals will improve, and prices may continue to strengthen driven by emotions.

Hot rolled coils: On June 16th, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3235 yuan/ton, an increase of 7 yuan/ton from the previous trading day. Overall, there is insufficient macro support, and the supply-demand imbalance during the off-season has further increased. Under the influence of relevant energy sources, the price of double coke has rebounded and steel prices have fluctuated and rebounded.

Cold rolled coils: On June 16th, the average price of 1.0mm cold coils in 24 major cities across the country was 3714 yuan/ton, an increase of 6 yuan/ton from the previous trading day. The good performance of futures has to some extent enhanced the market's purchasing enthusiasm, and intraday transactions have slightly improved. According to feedback from Southwest traders, there has been an increase in inquiry customers on the 16th, but market demand needs to be further released. The actual transaction performance is relatively average, and currently the main focus is still on shipping.

Medium thick plate: On June 16th, the average price of 20mm ordinary plate in 24 major cities across the country was 3470 yuan/ton, unchanged from the previous trading day. The inventory in the mid board market is in a slightly accumulated state, with better transactions on Monday than last Friday. Traders remain cautious about the future market. At present, steel mills are not receiving as many orders as in the first quarter, and it is expected that there will be fewer lock up orders next month. Long term cooperative customers will ship more than this month, increasing pressure and leading to a continuous decline in market resources.