Steel price in the market on March 3, 2025

Threaded steel: On March 3rd, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3439 yuan/ton, a decrease of 2 yuan/ton from the previous trading day. On the one hand, important conferences are about to be held in the near future, and the market still has expectations for favorable policies; On the other hand, on the 3rd, there were reports of production restrictions in the market, causing iron ore prices to fall and negative cost feedback effects to emerge.

Hot rolled coils: On March 3rd, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3448 yuan/ton, an increase of 3 yuan/ton from the previous trading day. The market's long short game is intensifying, and downstream customers are mainly cautious and observing, resulting in average transaction performance. From a fundamental perspective, the current order level of steel mills is still acceptable, and the willingness to raise prices is generally strong. The market supply is relatively stable, and in terms of demand, according to feedback from traders, downstream orders are relatively weak. Market transactions involve some steel traders replenishing inventory at low prices, and overall fundamental contradictions still need to accumulate.

Cold rolled coils: On March 3rd, the average price of 1.0mm cold coils in 24 major cities across the country was 4188 yuan/ton, an increase of 3 yuan/ton from the previous trading day. According to feedback from traders in East China, there has been an increase in the number of inquiry customers on the 3rd, but market demand is still recovering further, and actual transaction performance is relatively average. Currently, the main focus is still on shipments. In terms of mentality, the current demand is showing an unstable state, and most short-term businesses adopt a rational wait-and-see attitude towards the future market trend.

Medium thick plate: On March 3rd, the average price of 20mm ordinary plate in 24 major cities across the country was 3527 yuan/ton, an increase of 5 yuan/ton from the previous trading day. According to the feedback, the shipment of East China and North China was OK on the 3rd, even though the rainstorm weather in East China had no significant impact, the warehouse was relatively busy, and downstream demand was released to a certain extent. The shipments from central and southern China are average, and the market trading atmosphere is relatively light, resulting in unsatisfactory shipments. From a fundamental perspective, the current delivery speed of steel mills is average, with most mainstream steel mills in various regions offering discounted shipments. However, there are also some individual traders who are optimistic about the future and increasing their orders.