Steel Price in the Market on May 12, 2026

Threaded steel: On May 12th, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3511 yuan/ton, an increase of 3 yuan/ton from the previous trading day. Specifically, the early morning market saw a narrow range of fluctuations in the futures market, while the overall spot prices of domestic market merchants remained at yesterday's closing level, with some continuing yesterday's upward trend. In the afternoon, the snail market fluctuated and weakened, and some merchants saw a slight decrease in shipping prices, resulting in an overall decrease in transactions throughout the day compared to the previous trading day.

Hot rolled coils: On May 12th, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3497 yuan/ton, a decrease of 1 yuan/ton from the previous trading day. The macro atmosphere of the market is relatively warm, and the warmth of the real estate market continues. The cost prices of raw materials such as coking coal have strengthened. However, with the gradual release of bullish market conditions, fundamental pressure has returned, and today's hot coil prices are under pressure and declining.

Cold rolled coils: On May 12th, the average price of 1.0mm cold coils in 24 major cities across the country was 3912 yuan/ton, an increase of 3 yuan/ton from the previous trading day. After the May Day holiday, the spot prices in the market followed the resonance of the futures market and rose significantly. During the upward trend, the acceptance of high priced resources by end-users was average, while under the rigid support of costs, merchants had a strong willingness to raise prices. After the price rose, they mostly held steady and shipped. Today's hot coil futures market experienced a significant decline at the end of the trading session, with reduced market activity and a decrease in trading volume throughout the day.

Medium thick plate: On May 12th, the average price of 20mm ordinary plate in 24 major cities across the country was 3612 yuan/ton, an increase of 5 yuan/ton from the previous trading day. The black series futures market shows a trend of first rising and then falling, with overall market volatility being weak. The overall trading atmosphere in the market tends to be cautious, and spot trading follow-up is weak with insufficient volume. On the supply side, the current capacity utilization rate of medium and thick plate steel mills remains at a high and fluctuating level. However, in recent times, the performance of steel mill variety orders has improved, and production resources are prioritized for product variety steel.