Steel prices in the market on January 13, 2025

Threaded steel: On January 13th, the average price of 20mm Grade III seismic resistant threaded steel in 31 major cities across the country was 3431 yuan/ton, an increase of 11 yuan/ton from the previous trading day. On the one hand, steel mills have entered a seasonal production reduction stage, and short process enterprises still have significant room for production reduction; On the other hand, with the completion of engineering projects, consumption continues to decline month on month, and consumption will continue to decline in the later period.

Hot rolled coils: On January 13th, the average price of 4.75mm hot rolled coils in 24 major cities across the country was 3411 yuan/ton, an increase of 23 yuan/ton from the previous trading day. From a supply perspective, overall supply pressure continues to ease, with some steel mills reducing production and entering the year-end maintenance phase due to environmental factors towards the end of the year. From the perspective of demand, during the off-season, the performance of rigid demand is poor, and the overall sentiment is weak.

Cold rolled coils: On January 13th, the average price of 1.0mm cold coils in 24 major cities across the country was 4199 yuan/ton, an increase of 4 yuan/ton from the previous trading day. According to feedback from traders in the Southwest market, inventory has been extremely low recently, and steel mills have mainly delivered to end-users, resulting in a slower delivery speed in the market. But in the case of a shortage of specifications, market traders do not sell at a markup and quickly continue to digest existing inventory, being more cautious about the future market situation.

Medium thick plate: On January 13th, the average price of 20mm ordinary plate in 24 major cities across the country was 3497 yuan/ton, an increase of 7 yuan/ton from the previous trading day. The higher priced regions of East China and Southwest China have maintained stability throughout the day, while the price difference between East China and North China has slightly narrowed. Traders expect the price difference to narrow by around 50-70 yuan/ton, and customers in East China will not go north to purchase, returning to normal. In terms of transactions, the market activity increased on the 13th, and downstream procurement demand was significantly better than last week, indicating an overall improvement in transactions.