Steel Price in the Market on May 25, 2026

Threaded steel: On May 25th, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3467 yuan/ton, an increase of 35 yuan/ton from the previous trading day. Recently, raw material prices have continued to strengthen, and the cost of steel has risen significantly, providing significant support for spot prices. However, the problem of weak terminal demand and high supply still exists. Overall, the rebound in futures trading has led to a recovery in market sentiment, coupled with stronger cost support. There has been sufficient action in spot prices, but high price transactions have been weak.

Hot rolled coils: On May 25th, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3462 yuan/ton, an increase of 38 yuan/ton from the previous trading day. In terms of supply, due to the rise in raw material prices, finished product prices have followed suit and increased. From the perspective of demand, the market demand is slightly affected by the rainy weather in the south. Due to the overall average transaction performance of market demand, prices have slightly fallen in the afternoon, and the seasonal steel consumption is off-season, with an overall average performance.

Cold rolled coils: On May 25th, the average price of 1.0mm cold coils in 24 major cities across the country was 3891 yuan/ton, an increase of 16 yuan/ton from the previous trading day. According to feedback from some traders in East China, due to the impact of the raw material market, market prices mainly rose over the weekend, and on the 25th, market prices mostly saw a slight increase. The intraday market transaction performance was still acceptable. In terms of mentality, market prices are mainly characterized by sudden increases, which are not closely related to downstream market demand. Many believe that price increases are difficult to sustain, and they still adopt a cautious and wait-and-see approach towards the future market.

Medium thick plate: On May 25th, the average price of 20mm ordinary plate in 24 major cities across the country was 3594 yuan/ton, an increase of 23 yuan/ton from the previous trading day. The raw materials remain strong at high levels, the production cost bottom line of steel mills is clear, and the price reduction space is significantly compressed. The willingness to raise prices is strong, and mainstream steel mills have raised their factory prices, forming a direct driving force for price increases. Although the peak season is coming to an end on the demand side, there has been an increase in low-level replenishment by terminals and traders, resulting in a rebound in transactions compared to the previous period and a rise in bullish sentiment.