Steel price in the market on November 10, 2025

Threaded steel: On November 10th, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3223 yuan/ton, a decrease of 2 yuan/ton from the previous trading day. Recently, the market is still in a weak supply-demand pattern, with weak upward momentum in prices. Fortunately, the recent increase in raw material prices still provides some support for the finished product end.

Hot rolled coils: On November 10th, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3307 yuan/ton, a decrease of 3 yuan/ton from the previous trading day. In terms of demand, the current recovery of real estate data is not as expected, but the short-term funding situation for construction sites continues to improve. On the supply side, some steel mills in Shanxi have proposed plans to shut down for maintenance, and in addition, heavy pollution weather warnings have been issued in many northern regions, which has increased expectations of tightening the supply side.

Cold rolled coils: On November 10th, the average price of 1.0mm cold coils in 24 major cities across the country was 3901 yuan/ton, a decrease of 5 yuan/ton from the previous trading day. The merchant has slightly lowered the actual shipping price to ensure the shipment volume. The good performance of futures has to some extent enhanced the market's purchasing enthusiasm, and intraday transactions have slightly improved. According to feedback from Southwest traders, there has been an increase in the number of inquiry customers on the 10th, but the release of market demand has not met the expected surge at the end of the year. The actual transaction performance is relatively average, and currently shipment is still the main focus.

Medium thick plate: On November 10th, the average price of 20mm ordinary plate in 24 major cities across the country was 3436 yuan/ton, a decrease of 6 yuan/ton from the previous trading day. The market trading sentiment is cautious, although some traders have lowered their prices by 10-20 yuan/ton in actual transactions to accelerate destocking, the overall bargaining space is limited. The demand side has performed poorly, with weak demand in traditional infrastructure and steel structure industries. Terminal procurement mainly relies on replenishing inventory according to demand, and overall market transactions have not met expectations.