Recent situation of China's hot rolled steel and cold rolled steel market

2025-06-10

Since June, China's cold-rolled steel coil and hot-rolled steel coilmarket has been operating smoothly overall, demand remains weak, market transactions are sluggish, cold-rolled steel and hot-rolled Steel Prices have fluctuated slightly, and traders are generally cautious about the future market.

Data shows that in late May, the price of hot-rolled Q235B in Shanghai fell by 100 yuan/ton, and the price of hot-rolled SPHC fell by 90 yuan/ton. In early June, the price of 5.5 mm hot-rolled coil in Shanghai rose by 40 yuan/ton, and the price of 1.0 mm cold-rolled coil rose by 20 yuan/ton.

At present, although downstream demand is general and steel inventory has increased, steel production has not shrunk significantly because steel companies still have certain profits.

In the short term, the cold-rolled and hot-rolled coil market is unlikely to see a significant improvement. The main reasons are as follows:

First, the supply pressure in the cold-rolled and hot-rolled coil market still exists. In late May, among the six major regions of the country, except for the North China and Southwest China where the average daily output of steel products of key statistical steel enterprises decreased compared with the previous ten days, other regions have increased to varying degrees. The continued growth in steel production will lead to increased supply pressure in the steel market, including cold-rolled and hot-rolled coils, or further decline in the prices of cold-rolled and hot-rolled coils in the later period.

Second, the market demand for cold-rolled and hot-rolled coils is weak. In June, the southern region entered the plum rain season, while the northern region ushered in high temperature weather. Weather factors directly affect the construction progress of construction sites, and also affect the production rhythm of the manufacturing industry, inhibiting the release of downstream demand.

Third, the rigid cost support has weakened. Recently, the prices of steel raw materials such as iron ore and coke have continued to weaken. The decline in the price of steel raw materials has led to a weakening of the rigid cost support, making it difficult to support the subsequent increase in the prices of cold-rolled and hot-rolled coils.

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