Steel price in the market on September 28, 2025

Rebar: On September 28, the average price of 20mm Grade III seismic-resistant rebar in 31 major cities across China was 3,270 yuan per ton, down 18 yuan per ton from the previous trading day. As the long National Day holiday approaches, pre-holiday stockpiling has largely been completed, with overall market sentiment remaining subdued. Current rebar demand remains weak, and there is pressure to accumulate inventory during the post-holiday peak season.

Hot-rolled coil: On September 28, the average price of 4.75mm hot-rolled coil in 24 major cities across the country was 3,415 yuan/ton, down 10 yuan/ton from the previous trading day. As the "Golden September" season draws to a close, demand during the peak season fell short of expectations, leading to slight inventory accumulation. The supply remains strong while demand remains weak. Coupled with declining raw material prices, cost support has weakened.

Cold-rolled coil: On September 28, the average price of 1.0mm cold-rolled coils in 24 major cities across China was 3,957 yuan per ton, down 7 yuan per ton from the previous trading day. According to market feedback from various regions today, transaction volumes remained relatively low. On one hand, this was primarily due to average downstream production activity and weak demand for raw material procurement. On the other hand, trading companies showed low enthusiasm for purchasing from each other.

Medium and thick plates: On September 28, the average price of 20mm ordinary plates in 24 major cities across the country was 3,526 yuan per ton, down 6 yuan per ton from the previous trading day. Most traders reported that the transaction performance was only mediocre, with relatively slow release of downstream demand. In the East China region, the supply of medium and thick plates from steel mills remains discounted. This week, traders secured orders on a case-by-case basis, with normal arrival volumes. Overall market arrivals were relatively low, and inventory levels remained relatively low.