Steel price in the market on December 16, 2024

Threaded steel: On December 16th, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3510 yuan/ton, a decrease of 6 yuan/ton from the previous trading day. Although last week's supply maintained a downward trend and demand rebounded, the fundamentals showed marginal improvement; However, due to the current poor sustainability of demand, there is still pressure for a pullback in the future.

Hot rolled coils: On December 16th, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3545 yuan/ton, a decrease of 15 yuan/ton from the previous trading day. From the actual supply and demand situation, hot coils are still in the off-season of demand, steel mills have poor sales, and the market is not optimistic about winter storage. The national demand shows a clear imbalance, with a significant decline in demand in the north and resilience in demand in the east and south.

Cold rolled coils: On December 16th, the average price of 1.0mm cold coils in 24 major cities across the country was 4247 yuan/ton, a decrease of 3 yuan/ton from the previous trading day. From the current supply and demand perspective, due to the saturation of orders at the end of steel mills, the resources circulating to the market have decreased, and there is a shortage of resources in some markets. Traders have reported that downstream procurement enthusiasm has rebounded month on month, resulting in prices remaining firm.

Medium thick plate: On December 16th, the average price of 20mm ordinary plate in 24 major cities across the country was 3616 yuan/ton, a decrease of 10 yuan/ton from the previous trading day. Recently, the overall delivery speed of mainstream medium and thick plate factories in China has been slow, and there is a serious shortage of intermediate specifications of ordinary plates in a few markets, such as Shanghai, Jiangyin and other cities in East China, where prices are temporarily firm due to the shortage.