Steel Price in the Market on June 1, 2026

Threaded steel: On June 1st, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3431 yuan/ton, an increase of 8 yuan/ton from the previous trading day. There are differences in market expectations for the future, with most believing that the short-term market may continue to fluctuate. With the arrival of the southern "rainy season", the actual impact of rainfall on construction will increase, and spot transactions will be hindered, which may increase downward pressure on prices.

Hot rolled coils: On June 1st, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3434 yuan/ton, an increase of 9 yuan/ton from the previous trading day. From the perspective of raw materials, the pace of coal mine resumption of production is slower than expected, and the current coal coke sentiment has once again strengthened, which has brought positive driving force to the price of hot coil. The previous coal coke futures market sentiment was hot, which has a significant supporting effect on the hot coil market. From the demand side, the off-season characteristics of downstream terminal markets have already emerged. The rainy weather in the south restricts construction sites, and the purchasing sentiment of the manufacturing industry is cautious. The actual demand for sheet metal is also under pressure.

Cold rolled coils: On June 1st, the average price of 1.0mm cold coils in 24 major cities across the country was 3875 yuan/ton, an increase of 2 yuan/ton from the previous trading day. Supported by strong raw material prices and high production costs of steel mills, it provides bottom support for prices. However, with the arrival of the off-season for consumption, the price of cold-rolled products lacks upward momentum and there is little room for deep decline, presenting an overall trend of low-level narrow wave dynamics.

Medium thick plate: On June 1st, the average price of 20mm ordinary plate in 24 major cities across the country was 3576 yuan/ton, an increase of 2 yuan/ton from the previous trading day. On the supply side, at present, the operating rate of steel mills remains high, and the production of ordinary and medium plates is relatively small. Most long process steel mills have switched to higher value-added varieties of plates. In terms of inventory, there are relatively few general resources in the market, and there are more lock up price plates, further reducing social inventory. In terms of demand, recent demand has been weak, and downstream purchases are mainly based on demand.