Steel Price in the Market on May 6, 2026

Threaded steel: On May 6th, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3457 yuan/ton, an increase of 42 yuan/ton from the previous trading day. Specifically, on the first day after the holiday, the market opened high and continued to strengthen. In the morning, domestic spot merchants' prices followed suit and rose, with prices in mainstream regions generally increasing, and the overall market mostly becoming stronger. In terms of transactions, after the holiday, terminal enterprises returned to procurement, and the demand for replenishing inventory was concentrated, leading to a rebound in market speculation; The afternoon snail market maintained a high level of operation, further boosting the spot mentality, and the market trading atmosphere was relatively active, with an increase in volume compared to before the holiday.

Hot rolled coils: On May 6th, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3478 yuan/ton, an increase of 64 yuan/ton from the previous trading day. The market price synchronously follows the rise of futures, and the acceptance of high prices in the market is average, resulting in average overall transactions. From the perspective of supply and demand, the current pace of inventory turnover is relatively smooth, and the fundamental performance is relatively good. Coupled with domestic policy stimulus driving market sentiment, downstream demand has improved month on month.

Cold rolled coils: On May 6th, the average price of 1.0mm cold coils in 24 major cities across the country was 3883 yuan/ton, an increase of 35 yuan/ton from the previous trading day. The spot prices in the market have basically increased, and the overall trading atmosphere has improved, but the market's acceptance of high prices is generally average. Traders have provided feedback that the current release of terminal purchase orders is not continuous, and the momentum for futures to continue rising is limited. The support for spot prices is average, so we need to wait and see for the future market.

Medium thick plate: On May 6th, the average price of 20mm ordinary plate in 24 major cities across the country was 3568 yuan/ton, an increase of 70 yuan/ton from the previous trading day. The trading atmosphere in the spot market has rebounded, and downstream purchases have been released after the holiday. Recently, influenced by fundamentals and macro factors, market merchants have been optimistic and their prices have increased. Due to the proportion of investment from various large and medium thick plate steel mills, some specifications have been subject to price increases.