Steel price in the market on September 2, 2025

On September 1st, the average price of 20mm Grade III seismic resistant rebar in 31 major cities across the country was 3297 yuan/ton, a decrease of 29 yuan/ton from the previous trading day. Specifically, in the morning session, the futures market continued to operate weakly in the evening session on Friday. In the morning, spot prices in the domestic market slightly loosened, and some cities experienced significant price declines. In terms of transactions, due to the impact of the first round of coke price increases and decreases, commodity futures experienced significant declines during trading, while spot prices continued to decline. Low price resources significantly increased, resulting in sluggish transactions.

Hot rolled coils: On September 1st, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3429 yuan/ton, a decrease of 29 yuan/ton from the previous trading day. Hot coil futures fell nearly 2%, and currently the impact of black production restrictions is coming to an end. The operation of finished product prices depends more on demand. In terms of demand, the hot coil gauge needs to be slightly reduced by 0.17%. Downstream purchases are mainly based on demand, and traders have weak willingness to hold goods, resulting in significant pressure on the supply and demand of hot coils.

Cold rolled coils: On September 1st, the average price of 1.0mm cold coils in 24 major cities across the country was 3954 yuan/ton, a decrease of 18 yuan/ton from the previous trading day. Hot coil futures weakened, affecting market sentiment. Speculative demand was scarce, and end-users were not in a hurry to place orders. In the afternoon, some markets adjusted their quotes for the second time.

Medium thick plate: On September 1st, the average price of 20mm ordinary plate in 24 major cities across the country was 3537 yuan/ton, a decrease of 14 yuan/ton from the previous trading day. The overall inventory in East China is low, but the demand in major mid board markets such as Jiangyin is sluggish, making it difficult to sustain prices. At present, North China has been in the stage of accumulating inventory, with strong supply and weak demand leading to a rapid decline in prices. In addition, the recent ban on gasoline vehicles on the road has also affected the shipment of medium plate products. The inventory situation in Southwest and South China is moderately lower, and the price decline is also affected by the market and transactions.