Steel price in the market on November 3, 2025

Threaded steel: On November 3rd, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3245 yuan/ton, a decrease of 15 yuan/ton from the previous trading day. Although both supply and demand have increased recently, due to seasonal factors, as the area north of the Yangtze River begins to cool down, there will be some pressure on the demand side; At the same time, the macroeconomic situation has stabilized recently, and the driving force of policies has weakened.

Hot rolled coils: On November 3rd, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3352 yuan/ton, a decrease of 13 yuan/ton from the previous trading day. In terms of supply, the intensity of environmental protection production restrictions has further increased. Tangshan, Tianjin and other places have launched Level II emergency response for heavy pollution weather since 18:00 on November 3, and the market supply has experienced a slight decline in the short term.

Cold rolled coils: On November 3rd, the average price of 1.0mm cold coils in 24 major cities across the country was 3930 yuan/ton, a decrease of 3 yuan/ton from the previous trading day. The "Golden September and Silver October" have come to an end, with demand release falling short of market expectations and increased merchant caution; From the supply side perspective, the current price difference between hot and cold has widened compared to the third quarter, and production enterprises still have certain benefits. The overall supply remains relatively high, and the supply-demand contradiction has slightly emerged.

Medium thick plate: On November 3rd, the average price of 20mm ordinary plate in 24 major cities across the country was 3464 yuan/ton, a decrease of 8 yuan/ton from the previous trading day. The market trading atmosphere is not good, and major medium and thick plate distribution centers such as Jiangyin Wu'an have large inventories, mainly for outbound shipments, resulting in a significant decrease in resources. Downstream steel structure customers mostly adopt a wait-and-see approach, with relatively small procurement volumes. Other end customers have more direct orders with steel mills in the market, which to some extent affects the speed of steel mills' release of circulating materials in the market.