Steel Price in the Market on March 23, 2026

Threaded steel: On March 23rd, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3346 yuan/ton, an increase of 17 yuan/ton from the previous trading day. Specifically, the average price of rebar in China has rebounded month on month, and the main contract for rebar has slightly increased, driving market sentiment to recover. Early morning futures strengthened, coupled with the strengthening of raw material support, and spot traders' willingness to support prices increased. In terms of transactions, with the resumption of work during the peak season, downstream essential procurement has increased in volume, and transactions of low-level and mainstream resources have improved. Overall shipments have improved compared to the previous period.

Hot rolled coils: On March 23rd, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3327 yuan/ton, an increase of 15 yuan/ton from the previous trading day. Affected by geopolitical factors, bulk energy prices have risen, and the black sector continues to rise. In terms of supply, maintenance has been gradually completed and production is gradually resuming, but the impact of raw materials has led to an increase in finished product prices.

Cold rolled coils: On March 23rd, the average price of 1.0mm cold coils in 24 major cities across the country was 3828 yuan/ton, an increase of 12 yuan/ton from the previous trading day. The black futures market is strengthening, with market prices steadily rising and the trading atmosphere slightly recovering. The number of inquiry customers has increased, but market demand is still recovering, and the actual transaction performance is relatively average. Currently, the focus is still on shipping.

Medium thick plate: On March 23rd, the average price of 20mm ordinary plate in 24 major cities across the country was 3410 yuan/ton, an increase of 11 yuan/ton from the previous trading day. Spot prices remain stable with a slight increase, and demand in the northern market is gradually recovering. The trading atmosphere in the market has improved, and transactions are still acceptable. However, the weak transaction volume in East China last week led to the mainstream market mainly focusing on shipments today, and prices did not rise.