Steel Price in the Market on September 20, 2026

Threaded steel: On September 20th, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3311 yuan/ton, a decrease of 2 yuan/ton from the previous trading day. The current market is still in a game of "weak demand reality" and "low supply support", with steel mills increasing their efforts to reduce production due to losses, construction steel production continuing to shrink on a weekly basis, and social inventory continuing to deplete, providing some support for the bottom of prices; However, the recovery of demand during the peak season of "Golden September" is relatively weak, and the market lacks upward driving force.

Hot rolled coils: On September 20th, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3322 yuan/ton, an increase of 1 yuan/ton from the previous trading day. The spot market is not volatile, and there is a strong cautious wait-and-see sentiment, resulting in overall weak trading. In terms of raw materials, the price of coking coal has slightly fallen, and cost support has loosened, but the absolute level is still at a high level. In terms of demand, the release of demand during the peak season of "Golden September" fell short of expectations, with terminal essential procurement being the main focus and speculative stocking being sluggish.

Cold rolled coils: On September 20th, the average price of 1.0mm cold coils in 24 major cities across the country was 3797 yuan/ton, unchanged from the previous trading day. The current market transaction performance is average, and downstream terminal procurement enthusiasm is not high. The main focus is on replenishing inventory for essential needs, and there is a weak willingness to hoard goods. Traders tend to be cautious in their mindset, with a focus on actively shipping and controlling inventory, and are unwilling to proactively raise prices. The production on the supply side remains high, and inventory pressure has become apparent, while the demand side is affected by the weakening of downstream seasonality, resulting in insufficient support.

Medium thick plate: On September 20th, the average price of 20mm ordinary plate in 24 major cities across the country was 3559 yuan/ton, a decrease of 1 yuan/ton from the previous trading day. On the supply side, the operating rate of medium and thick plate steel mills remained unchanged, and the capacity utilization rate slightly fell. In the range of losses and low profits, steel mills mainly focused on controlling and stabilizing production, and the overall supply shifted from loose in the early stage to stable and tight. On the demand side, downstream industries such as manufacturing, engineering machinery, steel structures, and ships have weak order release, and the peak season characteristics of "Golden September" are not obvious. Terminal procurement is mainly based on rigid demand, small batches, and high frequency, without centralized volume increase.