Steel Price in the Market on September 1, 2026

Threaded steel: On August 31st, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3350 yuan/ton, an increase of 46 yuan/ton from the previous trading day. In the short term, steel mills continue to reduce production, and the expectation of supply side contraction is strengthened. Coupled with the third round of coke price increase and solid cost support, coupled with the expected marginal improvement in demand near the peak season of Jinjiu, the overall market sentiment is optimistic.

Hot rolled coils: On August 31st, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3387 yuan/ton, an increase of 28 yuan/ton from the previous trading day. With the arrival of the Golden September time point, there is a positive expectation in the market for the trend of terminal demand recovery. The current market trading atmosphere is relatively warm, with futures prices driving up spot prices, coupled with strong cost support.

Cold rolled coils: On August 31st, the average price of 1.0mm cold coils in 24 major cities across the country was 3834 yuan/ton, an increase of 17 yuan/ton from the previous trading day. According to feedback from traders, some steel mills have raised their settlement prices for cold rolling by 10-30 yuan/ton at the end of the month, which has to some extent driven up spot prices. Traders are more willing to raise prices. In terms of mentality, we are still in the off-season of the steel market, with weak downstream demand, and merchants are mainly cautious about the future market.

Medium thick plate: On August 31st, the average price of 20mm ordinary plate in 24 major cities across the country was 3582 yuan/ton, an increase of 23 yuan/ton from the previous trading day. The spot prices of medium and thick plates have generally risen, and the market demand has not been fully released after the rise. The follow-up of terminal procurement is weak, and the overall market trading is sluggish. Last week, consumption climbed to 1.7328 million tons, reaching a new high in nearly two months, and the supply-demand gap widened to -40400 tons; Last week, the storage capacity of 65 cities decreased to 2.4831 million tons, showing an accelerated trend of destocking. In addition, the high-level operation of iron ore provides bottom support, and market sentiment has significantly recovered with the improvement of fundamentals.