Steel Price in the Market on April 20, 2026

Threaded steel: On April 20th, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3368 yuan/ton, an increase of 15 yuan/ton from the previous trading day. The current situation of demand release is gradually improving, coupled with a slight decline in steel mill production, accelerated destocking in the market, and improved fundamentals providing strong support for spot prices. The fluctuation and strengthening of snail futures have further driven market sentiment to recover.

Hot rolled coils: On April 20th, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3358 yuan/ton, an increase of 18 yuan/ton from the previous trading day. The recent performance of steel demand is still acceptable, and downstream industries have seen some recovery in steel demand. However, the purchasing sentiment in the manufacturing industry remains cautious, with on-demand procurement being the main focus. The growth rate of domestic manufacturing investment has steadily rebounded, with good downstream orders, and there may be further room for growth in the demand for sheet metal replenishment.

Cold rolled coils: On April 20th, the average price of 1.0mm cold coils in 24 major cities across the country was 3824 yuan/ton, an increase of 7 yuan/ton from the previous trading day. The purchasing pace of the terminal on the 20th has improved compared to last week, while the rise in futures has stimulated speculative demand in some markets, resulting in an overall increase in transaction volume. In terms of mentality, the current supply from major steel mills remains relatively high, while the release of short-term downstream demand is limited. At the same time, the cost of ordering has increased significantly. Most traders mainly focus on shipping to realize early profits, and they are cautious about the later trend, making it difficult for spot prices to rise significantly.

Medium thick plate: On April 20th, the average price of 20mm ordinary plate in 24 major cities across the country was 3438 yuan/ton, an increase of 10 yuan/ton from the previous trading day. In terms of supply, currently medium and thick plates are receiving good orders, with high operating rates and capacity utilization rates, while the production of general medium plates is relatively small. However, due to price locking and increased new resources in various regions, most steel mills have switched to higher value-added varieties of plates. The market circulation board and social inventory have further decreased. In terms of demand, there was a slight decrease in the demand for medium and thick plate watches last week, and end-users made on-demand purchases. Traders remain cautiously optimistic about the future market.