Steel Price in the Market on January 5, 2026

Threaded steel: On January 5th, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3293 yuan/ton, a decrease of 6 yuan/ton from the previous trading day. Specifically, in the morning session, the futures market showed weak fluctuations, with some spot market prices loosening and most remaining stable. In terms of transactions, the morning market transactions were generally average, while the afternoon snail market weakened and low-priced resources emerged, resulting in an overall decline in transactions. In the short term, the current market is still in the off-season for consumption, and with the recent increase in rainfall nationwide, demand may continue to weaken.

Hot rolled coils: On January 5th, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3283 yuan/ton, a decrease of 7 yuan/ton from the previous trading day. The spot market prices have slightly declined, and there is a strong wait-and-see sentiment among end-users. The willingness to stock up is low, and overall transactions are weak. As the traditional off-season for consumption deepens, temperatures gradually decrease, downstream production weakens, terminal demand declines, supply and demand structures weaken, and the instability of overseas situations increases, the overall market maintains a cautious and weak trend.

Cold rolled coils: On January 5th, the average price of 1.0mm cold coils in 24 major cities across the country was 3837 yuan/ton, a decrease of 8 yuan/ton from the previous trading day. The hot coil futures market has weakened, and market trading activity has weakened to some extent. Speculative demand is cautious, and transactions are mainly based on terminal actual orders, with basic bargaining. A small number of secondary terminals have a strong wait-and-see attitude.

Medium thick plate: On January 5th, the average price of 20mm ordinary plate in 24 major cities across the country was 3372 yuan/ton, a decrease of 8 yuan/ton from the previous trading day. There are many customers inquiring about prices in the spot market throughout the day, but actual transactions are poor, and downstream procurement negotiations are frequent. In the afternoon, traders struggled to withstand the pressure and prices slightly decreased. In terms of steel mills, the capacity utilization rate and operating rate of medium plate steel mills nationwide are still relatively high, with a large proportion of direct steel mills. And social inventory has slightly decreased.