Steel price in the market on June 9, 2025

Threaded steel: On June 9th, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3228 yuan/ton, a decrease of 4 yuan/ton from the previous trading day. In the short term, with the narrowing of profits for steel mills, especially for short process steel mills, some electric arc furnace steel mills in southern and southwestern China have voluntarily reduced production, and the supply of rebar may continue to decline in the later stage; On the demand side, with the arrival of plum blossoms in southern and eastern China, the demand resilience is insufficient during the off-season of consumption, and the consumption level shows a stepped decrease.

Hot rolled coils: On June 9th, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3245 yuan/ton, a decrease of 5 yuan/ton from the previous trading day. The pressure of weakening demand during the off-season is gradually emerging; Recently, it has been announced that there will be an increase in steel mills undergoing maintenance from June to July, and there may be a slow downward trend in high-speed rail water, which may lead to a reduction in raw material demand in the future.

Cold rolled coils: On June 9th, the average price of 1.0mm cold coils in 24 major cities across the country was 3731 yuan/ton, a decrease of 3 yuan/ton from the previous trading day. According to feedback from market merchants, there is currently no significant reduction in the supply of steel mill resources, and the seasonal impact on downstream demand is relatively average. Some merchants have decreased their enthusiasm for ordering, with a slight reduction in orders in June. Currently, the focus is on shipping, and they are cautious about the future market.

Medium thick plate: On June 9th, the average price of 20mm ordinary plate in 24 major cities across the country was 3493 yuan/ton, a decrease of 2 yuan/ton from the previous trading day. On the supply side, the current inventory of terminal and lock orders in the medium plate factory is still sufficient, and market shipments are still relatively low. However, new orders have not been as popular as in the early stage. Steel mills may increase the speed of market circulation board shipments in the later stage, while terminal demand is lukewarm, and inventory strategies are mainly focused on hedging.