Steel Price in the Market on August 24, 2026

Threaded steel: On August 24th, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3271 yuan/ton, an increase of 34 yuan/ton from the previous trading day. Specifically, the futures market is experiencing strong fluctuations, with spot prices in most cities in China continuing to rise over the weekend in the morning. After the rise, market sentiment has rebounded, and the trading atmosphere is still acceptable. In the afternoon, the snail market continued to remain at a high level, and the transaction price continued to approach the high level. The trading volume for the whole day increased slightly compared to the previous trading day.

Hot rolled coils: On August 24th, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3339 yuan/ton, an increase of 34 yuan/ton from the previous trading day. Recently, with the rise in costs, some steel mills have maintenance plans, but with the increase in prices, some maintenance has been postponed, and the overall supply and output changes are not significant. On the demand side, there has been a slight increase and we are about to enter the peak consumption season, with orders for gold, silver, and silver gradually showing an upward trend. In terms of raw materials, the prices of coking coal and coke continue to rise, with sufficient support for cost prices and strong market feedback.

Cold rolled coils: On August 24th, the average price of 1.0mm cold coils in 24 major cities across the country was 3799 yuan/ton, an increase of 20 yuan/ton from the previous trading day. The good performance of the black futures market has to some extent enhanced the market's purchasing enthusiasm, and there has been a slight improvement in intraday transactions. But the market demand needs to be further restored, and the market's willingness to chase after high prices is not strong, mainly relying on shipping to realize profits. In addition, after the market price rises, the settlement price of steel mills immediately increases, and for traders, they are also constantly selling and realizing during the upward process.

Medium thick plate: On August 24th, the average price of 20mm ordinary plate in 24 major cities across the country was 3531 yuan/ton, an increase of 23 yuan/ton from the previous trading day. Under the background of stock game, the demand release is not as expected, the follow-up of terminal procurement is limited, and market trading is average. Optimizing the production structure of steel mills on the supply side, increasing the production of high profit high-end plates, reducing the resources of carbon medium and thick plate agreements, and tightening the circulation of spot resources have provided support for the market. The East China region has obvious differentiation in specifications, with a prominent increase in scarce specifications, driving overall price increases.