China's cold-rolled steel and hot-rolled steel coil prices have risen slightly recently

2025-08-26

In mid-August, the price of hot-rolled steel coil in the Shanghai market rose by 40 yuan/ton, while the price of cold-rolled steel coil rose by 30 yuan/ton.

During this period, trading conditions in the hot- and cold-rolled coil markets have improved. Although customer purchases remain relatively cautious, primarily driven by first-time purchases, demand has strengthened.

In the short term, there is insufficient momentum to support further increases in cold- and hot-rolled coil prices. Furthermore, the rapid rise in Steel Prices over a short period of time may pose a risk of a subsequent downward trend.

Data from the China Iron and Steel Association shows that in early August, the average daily Crude Steel output of key steel companies reached 2.074 million tons, a 4.7% increase from the previous ten-day period and a 3.6% year-on-year increase. The average daily steel product output of key steel companies reached 2.005 million tons, a 4.1% decrease from the previous ten-day period and a 9% year-on-year increase. The average daily pig iron output of key steel companies reached 1.914 million tons, a 3.2% increase from the previous ten-day period and a 3.9% year-on-year increase.

With the prices of steel raw materials supported, steel companies generally focus on maintaining prices when issuing steel ex-factory price policies, and the prices of cold-rolled and hot-rolled coils put on the market later will also rise.

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