Steel price in the market on May 6, 2025

Threaded steel: On May 6th, the average price of threaded steel in major cities across the country was 3337 yuan/ton, a decrease of 14 yuan/ton from the previous trading day. In the morning session, the snail opened high, and the spot market prices remained at the level of the holiday period. The futures market opened high and then declined, with average trading performance in the morning session. However, in the mid session, the market was weak and did not change, with actual trading prices approaching low levels. On the first working day after the holiday, some downstream traders engaged in replenishment operations, but low trading was still acceptable. The trading volume increased slightly throughout the day compared to the previous trading day.

Hot rolled coils: On May 6th, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3331 yuan/ton, which remained stable compared to the previous trading day. The market prices remained stable in the morning session, with generally weak transactions, and continued to fluctuate in the afternoon. Spot prices were mainly stable, and the market was weak. The overall delivery situation on the supply side is not very high, and the fundamentals still have the conditions for price increases.

Cold rolled coils: On May 6th, the average price of 1.0mm cold coils in 24 major cities across the country was 3907 yuan/ton, a decrease of 13 yuan/ton from the previous trading day. The post holiday market trading atmosphere is average, and spot prices overall show a slight downward trend. During the holiday season, resources in transit gradually arrive at the warehouse, but transactions are scattered, resulting in an increase in inventory. Currently, there is significant market pressure to reduce inventory.

Medium thick plate: On May 6th, the average price of 20mm ordinary plate in 24 major cities across the country was 3570 yuan/ton, which remained stable compared to the previous trading day. The spot market quotation is mainly stable, with slight declines in some regions. The market trading atmosphere is cautious, and transactions are weak.