Steel Price in the market on April 21, 2025

Threaded steel: On April 21st, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3301 yuan/ton, an increase of 21 yuan/ton from the previous trading day. Recently, the profits of steel mills have narrowed, and their production enthusiasm has slowed down. At the same time, demand continues to remain high, and the fundamentals have significantly improved. At the same time, the important meeting at the end of the month combined with pre holiday stocking expectations has led to some emotional recovery.

Hot rolled coils: On April 21st, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3330 yuan/ton, an increase of 17 yuan/ton from the previous trading day. From a supply perspective, steel mills' production remains active, with most maintaining high operating rates and capacity utilization, resulting in a slight increase in overall output. From the perspective of demand, the impact of traditional peak season consumption has led to a gradual decrease in hot coil inventory and a slight increase in demand, but there is currently no rebound in fundamentals.

Cold rolled coils: On April 21st, the average price of 1.0mm cold coils in 24 major cities across the country was 3987 yuan/ton, a decrease of 15 yuan/ton from the previous trading day. The rise in futures prices on the 21st has to some extent enhanced market purchasing enthusiasm, and intraday transactions have slightly improved. According to feedback from Southwest traders, there has been an increase in inquiry customers on the 21st, but market demand is still recovering further. The actual transaction performance is relatively average, and currently, shipments are still the main focus. In terms of mentality, the current demand is showing an unstable state, and most short-term businesses adopt a rational wait-and-see attitude towards the future market trend.

Medium thick plate: On April 21st, the average price of 20mm ordinary plate in 24 major cities across the country was 3547 yuan/ton, an increase of 5 yuan/ton from the previous trading day. The medium plate has strong resistance to decline, and its prices have been relatively stable recently. On the 21st, the terminal demand for purchasing was released, and the price of steel plant lock orders partially increased. The overall inventory in the market is not large, and some cities in northern and eastern China are out of stock in terms of specifications.