Steel price in the market on June 29, 2026

Threaded steel: On June 29th, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3305 yuan/ton, a decrease of 6 yuan/ton from the previous trading day. Specifically, in the early trading session, the futures market fluctuated at a low level, while most cities' spot prices remained stable, with some showing slight looseness. In terms of transactions, the enthusiasm for terminal procurement is average, and there has been no significant improvement in the market trading atmosphere. In the afternoon, the snail market rose from a low level, and the recovery of the market slightly boosted the spot mentality. Market transactions improved slightly, but downstream traders remained cautious and cautious.

Hot rolled coils: On June 29th, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3342 yuan/ton, a decrease of 3 yuan/ton from the previous trading day. In terms of supply, due to the continuous rise in raw material prices, overall profits have gradually been compressed, but most full process enterprises still retain a considerable amount of profits and have no maintenance plans at the moment. In terms of demand, the off-season effect still has an impact, coupled with the influence of rainy weather, the market demand remains in a general state, and the overall transaction pace is average.

Cold rolled coils: On June 29th, the average price of 1.0mm cold coils in 24 major cities across the country was 3826 yuan/ton, a decrease of 3 yuan/ton from the previous trading day. The market is in a low season of demand, with prices slightly falling and market transactions falling short of expectations. Traders' inventory has slightly increased, and their mentality is affected by both shipment pressure and inventory pressure. The market pressure is high, and at the end of the month, financial pressure is gradually increasing. Market traders often engage in price reduction, shipment, and capital recovery operations.

Medium thick plate: On June 29th, the average price of 20mm ordinary plate in 24 major cities across the country was 3514 yuan/ton, a decrease of 4 yuan/ton from the previous trading day. The overall spot market price has slightly declined, with cautious market sentiment and poor demand, resulting in weak overall transactions. In terms of resources, at present, the output of the Puzhong board is relatively small, but there has been a significant increase in price locking and new resources in various regions, with most of them being transferred to higher value-added variety boards. From the perspective of the East China region, overall shipments are normal, but there is a deviation in market resource allocation. Low alloy resources are relatively reduced, and the arrival volume of ordinary and medium plates has slightly decreased. Overall, the market resource volume is still relatively high.