Steel Price in the Market on November 9, 2026

Threaded steel: On November 9th, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3304 yuan/ton, a decrease of 2 yuan/ton from the previous trading day. Recently, steel mills have generally had meager profits, and cost support still exists. In addition, some regions have tight resource specifications, and businesses have a weak willingness to proactively lower prices; But the demand in the north is showing a seasonal weakening trend, and the market is cautious about future expectations.

Hot rolled coils: On November 9th, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3218 yuan/ton, a decrease of 5 yuan/ton from the previous trading day. The current hot coil market is intertwined with long and short positions: coking coal and coke have fallen, the immediate cost of finished products has decreased month on month, and spot profits have improved, but the hot coil futures market continues to be under pressure, with repeated competition for the 3200 level.

Cold rolled coils: On November 9th, the average price of 1.0mm cold coils in 24 major cities across the country was 3729 yuan/ton, a decrease of 3 yuan/ton from the previous trading day. The spot prices of cold rolling in some cities have fallen, and speculative demand in the market has decreased. According to feedback from traders in the southwest region, downstream demand is relatively weak, the order situation is poor, and the consumption rate of raw materials is slow. Therefore, procurement is mainly focused on replenishing inventory for essential needs, and the overall market transaction performance during the day is flat. In terms of mentality, market merchants tend to adopt a wait-and-see attitude towards the recent market, with a focus on reducing inventory through shipment.

Medium thick plate: On November 9th, the average price of 20mm ordinary plate in 24 major cities across the country was 3405 yuan/ton, a decrease of 7 yuan/ton from the previous trading day. The prices of medium and thick plates continue to be weak, with stable quotes but frequent price drops. Some merchants in East China offer discounts of 10-30 yuan/ton for shipments, highlighting the differentiation between "stable quotes and weak transactions". On the demand side, there is a strong demand for small orders, with speculation absent and trading light. On the supply side, steel mills have increased production of high profit varieties such as ship plates and container plates, and reduced carbon resources, but the circulation resources in East China are still abundant.