Steel price in the market on June 3, 2025

Threaded steel: The average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country is 3230 yuan/ton, a decrease of 1 yuan/ton from the previous trading day. As the profits of steel mills narrow, the production of rebar has slightly declined this week. However, there is still a lot of rainfall in the south, which has a significant impact on market demand.

Hot rolled coils: The average price of 4.75mm hot rolled coils in 24 major cities across the country is 3256 yuan/ton, a decrease of 14 yuan/ton from the previous trading day. At present, we are in the off-season of demand and there is no significant increase in demand. However, the procurement of essential goods is still ongoing, and traders have a weak mentality and are cautious in their operations. At present, the overall price impact is relatively weak, and we need to pay attention to the macro situation in the future.

Cold rolled coils: The average price of 1.0mm cold coils in 24 major cities across the country is 3746 yuan/ton, a decrease of 20 yuan/ton from the previous trading day. Both the north and south mainstream markets fell by 20-30 yuan/ton. The market demand was relatively weak, and the overall transaction was generally poor. In addition, the market transaction was dominated by low price resources, so traders had great pressure to ship goods, and there were few replenishment operations before the Dragon Boat Festival.

Medium thick plate: The average price of 20mm ordinary plate in 24 major cities across the country is 3516 yuan/ton, a decrease of 8 yuan/ton from the previous trading day. At present, the locking price of steel plant resources is relatively high, and the willingness of traders to purchase goods is low; As the price difference between general manganese widens, steel mills are increasing their investment in low-alloy resources, while traders' willingness to accept low-alloy orders is weak. The downward space for future prices is limited by cost support, and upward prices need to wait for substantial improvement on the demand side.