Steel price in the market on May 19, 2025

Threaded steel: On May 19th, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3312 yuan/ton, a decrease of 23 yuan/ton from the previous trading day. Recently, the macro situation has stabilized, and with the improvement of steel mill profits, there is an expectation of a rebound in supply. At the same time, the rainy season has a significant impact on market demand.

Hot rolled coils: On May 19th, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3331 yuan/ton, a decrease of 12 yuan/ton from the previous trading day. From the perspective of demand, the current funding situation for terminal projects has slightly improved, and there has been marginal improvement in the overall processing and manufacturing industry. However, the overall recovery lacks sustainability.

Cold rolled coils: On May 19th, the average price of 1.0mm cold coils in 24 major cities across the country was 3853 yuan/ton, a decrease of 13 yuan/ton from the previous trading day. According to feedback from traders in East China, there were relatively few inquiries about orders and prices on the 19th, and the enthusiasm for terminal procurement is still not high. The actual transaction situation is average, and traders still focus on shipping, with transactions mostly concentrated in low-priced resources.

Medium thick plate: On May 19th, the average price of 20mm ordinary plate in 24 major cities across the country was 3565 yuan/ton, a decrease of 8 yuan/ton from the previous trading day. Low alloy resources in East China are relatively scarce, with steel mills shipping slower and prices relatively firm. The general board has been experiencing poor shipments for several consecutive days, resulting in a decrease in prices. North China's general board is relatively out of stock, but all day shipments are sluggish, and prices have been lowered overall. It is understood that in recent times, macro support has weakened, market demand has decreased, and prices have fallen. Traders are more cautious.