Steel Price in the Market on August 3, 2026

Threaded steel: On August 3rd, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3216 yuan/ton, a decrease of 18 yuan/ton from the previous trading day. In the short term, the weak demand during the high temperature off-season continues, and the enthusiasm for terminal procurement is relatively low; Recently, coke has launched a new round of price increases and decreases, with continuous loosening of cost support and futures continuously breaking recent lows, resulting in overall weak market sentiment.

Hot rolled coils: On August 3rd, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3255 yuan/ton, a decrease of 18 yuan/ton from the previous trading day. In terms of supply, several steel mills have maintenance plans due to recent profit compression, but some plans have not been implemented, and the overall market supply remains at a high level. In terms of demand, the overall transaction situation in the market is still relatively weak, and the off-season effect has a significant impact. The market still mainly purchases according to demand, and the expectation of actively purchasing goods is average, but there is speculation and bottom fishing in the market.

Cold rolled coils: On August 3rd, the average price of 1.0mm cold coils in 24 major cities across the country was 3771 yuan/ton, a decrease of 8 yuan/ton from the previous trading day. The terminal mainly relies on on-demand procurement, and intermediaries lack enthusiasm for cross selling, resulting in an overall decline in market transaction volume. At the same time, steel mills have not reduced their resource allocation, and there are signs of accumulated inventory in the market. Currently, the pressure on cold rolling inventory is mainly concentrated in the hands of large customers, with slow inventory rotation cycles and excessive market sales pressure. The downward trend in spot prices in the market has led to low enthusiasm among traders for placing orders. In August, there was a widespread gap in orders received by major steel mills. In order to increase traders' enthusiasm for placing orders, steel mills continued to decline in the ordering prices of various types of steel, increasing competition pressure.

Medium thick plate: On August 3rd, the average price of 20mm ordinary plate in 24 major cities across the country was 3482 yuan/ton, a decrease of 5 yuan/ton from the previous trading day. In terms of demand, the high temperature weather restricts the operation of construction machinery, steel structures and other terminals. Downstream customers tend to maintain on-demand procurement and on-demand procurement models, resulting in overall weak market transactions and pressure on traders to sell goods. Therefore, they actively offer discounts to reduce inventory. In terms of supply, as steel mills face increasing losses, maintenance gradually increases, resource growth slows down, and inventory accumulates slowly. The fluctuation of raw materials has weakened cost support, and the volatility of the futures market continues to affect market sentiment.