Steel price in the market on March 24, 2025

Threaded steel: On March 24th, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3365 yuan/ton, an increase of 29 yuan/ton from the previous trading day. At present, the market mentality is still acceptable, demand has recovered to some extent, and the fundamentals of supply and demand continue to improve.

Hot rolled coils: On March 24th, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3433 yuan/ton, an increase of 23 yuan/ton from the previous trading day. On the 24th, black commodity futures fluctuated upwards, market sentiment heated up, spot prices followed suit, overall trading was average, and the acceptance of high prices was low. Overall, some steel mills are undergoing maintenance, market inventory continues to decrease, terminal demand is gradually recovering, supply and demand patterns are improving, coupled with a rebound in low costs, which provides some support for prices.

Cold rolled coils: On March 24th, the average price of 1.0mm cold coils in 24 major cities across the country was 4150 yuan/ton, an increase of 6 yuan/ton from the previous trading day. According to feedback from traders in East China, there has been an increase in inquiries about orders and prices today compared to the previous trading day, but transactions are still dominated by low-priced resources. In terms of mentality, the rise in the futures market has improved the mentality of some markets, but the actual demand in the market is still average. Traders believe that the current space for changes in cold-rolled prices is relatively limited, and they are still cautious and cautious about the future market.

Medium thick plate: On March 24th, the average price of 20mm ordinary plate in 24 major cities across the country was 3538 yuan/ton, an increase of 23 yuan/ton from the previous trading day. At present, there is not much supply of medium board resources nationwide, and there is not much pressure on market inventory. Prices have a certain degree of resistance to decline. In terms of demand, downstream industries such as machinery manufacturing and construction have not yet shown obvious demand explosion points in the early stage, but on the 24th, especially in the East China market, the purchasing volume increased significantly, and the mentality of traders improved.