Steel price in the market on June 23, 2025

Threaded steel: On June 23rd, the average price of threaded steel in major cities across the country was 3215 yuan/ton, a decrease of 5 yuan/ton from the previous trading day. Specifically, in the morning session, the futures market saw a low-level fluctuation, while the mainstream domestic spot market prices remained stable in the morning, with some areas showing signs of loosening. In the afternoon, the snail market rebounded, low-priced resources were actively traded, and trading sentiment improved. However, East China and South China were still affected by the rain, resulting in poor trading performance.

Hot rolled coils: On June 23rd, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3230 yuan/ton, a decrease of 6 yuan/ton from the previous trading day. The spot market prices fell slightly in the morning session, and some markets continued to lower their quotes in the afternoon. The trading situation for the whole day was average. Overall, the market has been volatile and weak in recent times, with inventory increasing in various markets and poor transaction performance in the off-season. There is an expectation of increased supply, and the market fundamentals are poor.

Cold rolled coils: On June 23rd, the average price of 1.0mm cold coils in 24 major cities across the country was 3699 yuan/ton, a decrease of 3 yuan/ton from the previous trading day. Most market quotations remain stable, with some markets experiencing slight declines. The rainy season in the south and high temperatures in the north have weakened the actual demand for terminals during the traditional off-season, resulting in average overall market transaction performance. Although some steel mills have recently reduced production due to narrowing profit margins, the overall utilization rate of cold rolling capacity remains relatively high.

Medium thick plate: On June 23rd, the average price of 20mm ordinary plate in 24 major cities across the country was 3435 yuan/ton, a decrease of 10 yuan/ton from the previous trading day. In the morning, spot prices were generally expected to be stable for shipment, and the market trading atmosphere throughout the day was cautious, with average actual transactions. In terms of supply, the number of orders received by steel mills has declined compared to the previous period, and the shipment volume of long-term agreements has increased in July. The supply volume will gradually increase.