Steel price in the market on March 17, 2025

Threaded steel: On March 17th, the average price of threaded steel in major cities across the country was 3373 yuan/ton, a decrease of 22 yuan/ton from the previous trading day. Specifically, the early opening period of the market saw weak fluctuations in the snail market, with most domestic spot market prices loosening and some remaining stable in the morning. In terms of transactions, morning snail futures fell weakly, spot market transactions were sluggish, afternoon snail futures continued to weaken, low-priced resources emerged, and merchants reported that transactions were still poor.

Hot rolled coils: On March 17th, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3425 yuan/ton, a decrease of 23 yuan/ton from the previous trading day. At present, the overall downstream consumption has not increased, and steel mills are facing difficulties in shipping. Therefore, there are not many steel mills that choose to actively increase production. Some steel mills have begun to actively reduce production time to cope with the reduction in production.

Cold rolled coil: On March 17th, the spot price of cold-rolled coil in China was weak, with a national average price of 4164 yuan/ton, a decrease of 3 yuan/ton from the previous trading day. Hot coil futures fluctuated downwards, with some spot prices slightly falling in the market. The trading atmosphere in the market was relatively light, and the wait-and-see sentiment remained strong. In the short term, traders tend to adopt a cautious and wait-and-see attitude towards the future market.

Medium thick plate: On March 17th, the average price of 20mm ordinary plate in 24 major cities across the country was 3525 yuan/ton, a decrease of 9 yuan/ton from the previous trading day. Black series futures fluctuated weakly, and most markets remained stable and watched in the morning. After the price fell, trading recovered to some extent, but downstream still held a cautious attitude towards small purchases. In terms of supply and demand, the market supply and demand relationship has gradually improved recently. Steel plant maintenance and environmental restrictions have led to a narrow reduction in supply and inventory, while downstream demand is gradually recovering, providing support for price increases.