Steel Price in the Market on March 2, 2026

Threaded steel: On March 2nd, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3303 yuan/ton, unchanged from the previous trading day. In the short term, although we have entered the peak consumption season, the overall market expectations are low due to insufficient stock demand. At the same time, in recent times, short process steel mills have resumed production, and supply pressure has gradually rebounded.

Hot rolled coils: On March 2nd, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3269 yuan/ton, an increase of 1 yuan/ton from the previous trading day. Affected by overseas factors and recent important conferences, the market sentiment is running in a long short game. In terms of supply, due to the recent impact of production restrictions, the overall market supply has slightly declined, but the overall performance is slightly better.

Cold rolled coils: On March 2nd, the average price of 1.0mm cold coils in 24 major cities across the country was 3780 yuan/ton, unchanged from the previous trading day. Last week was the first week of resuming work after the Spring Festival. Market transactions were average, and overall market sentiment was not high. Traders were relatively concentrated in inventory, and inventory pressure gradually emerged. Although the hot coil futures market was doing well, the willingness of market merchants to raise prices was not strong. According to feedback from businesses in Southwest China, the overall pace of post holiday orders for terminal purchases has been slow, with a general decline in orders from host manufacturers in February, which has disrupted market confidence.

Medium thick plate: On March 2nd, the average price of 20mm ordinary plate in 24 major cities across the country was 3354 yuan/ton, unchanged from the previous trading day. In the second week after the holiday, the steel factory's delivery speed was relatively fast, and the market was still in the process of accumulating inventory settlement. Prices and resources were also gradually arriving in various regions before the New Year. From the perspective of the East China region, overall shipments are better than last week, and it is expected that two steel mills will resume production this week, further increasing market resources.