Steel Price in the Market on June 8, 2026

Threaded steel: On June 8th, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3399 yuan/ton, a decrease of 10 yuan/ton from the previous trading day. The current market supply and demand fundamentals are still in a dual weak pattern, coupled with the continuous disturbance of the middle and high school entrance exams and rainy weather in the south, which limits the recovery of terminal demand. At present, the combination of multiple negative factors has a certain degree of suppression on the spot market.

Hot rolled coils: On June 8th, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3407 yuan/ton, a decrease of 5 yuan/ton from the previous trading day. In terms of supply, the recent performance of hot coil profits has been good, and the overall market supply maintains a strong trend. In terms of demand, the rainy season in the south affects construction, and the demand for hot rolls is weak during the off-season, resulting in a continuous contraction of spot transactions. Recently, the demand for hot papers has been under pressure and weakened, which has constrained the futures market. This month's middle and high school entrance exams will also impose restrictions on construction around exam centers, which may further suppress consumption.

Cold rolled coils: On June 8th, the average price of 1.0mm cold coils in 24 major cities across the country was 3860 yuan/ton, a decrease of 5 yuan/ton from the previous trading day. According to feedback from traders, it is still in the traditional off-season, with average market demand. Downstream customers mainly pick up goods on demand, and merchants are cautious about the future market. At present, the overall resources of cold-rolled general materials in the southwest market are abundant, and the arrival pace of local steel mills' resources is fast. The external steel mills' resource allocation has decreased, while the market sales have declined. Therefore, the inventory of cold-rolled materials in the southwest region is not matched, resulting in a temporary accumulation of inventory.

Medium thick plate: On June 8th, the average price of 20mm ordinary plate in 24 major cities across the country was 3567 yuan/ton, unchanged from the previous trading day. In terms of supply, the arrival of medium and thick plates in China is currently slow, and steel mills prioritize downstream high-end locking resources. Some mainstream specifications in North China are out of stock, and traders in East China have recently received more locking resources, resulting in a slight increase in market inventory. From the demand side perspective, we are currently in the early stages of the off-season, with weak demand at this stage. The arrival of the southern rainy season is bound to further affect demand, and traders have a poor mentality.