2026-09-02
Today, China's steel market overall stabilized with mixed spot price movements. Hot Rolled Coil 2.75*C quoted at approximately $509/ton, Rebar φ10 HRB400 at $513/ton, and Cold Rolled Coil 1.0mm maintained at a high of $563/ton.
Rebar futures settled at 3146 yuan at midday, down 0.91%, maintaining range-bound consolidation (Source: Langge Steel). Cold rolled base material quotations in Tangshan remained steady, with plate spot prices showing relative resilience. Inventory continued to draw down to low levels, down 12.41% week-on-week, providing downside support for prices.
Coke options were listed today on the Dalian Commodity Exchange, further improving risk management tools for the coal-coke industry chain (Source: Mysteel). Export orders have softened somewhat, but domestic demand remains steady, with market sentiment leaning toward cautious optimism. Downstream procurement is primarily based on immediate needs, with limited bulk transactions.
Procurement Advice: The current market is consolidating with low inventory providing support; consider building inventory in batches. If futures pull back to key support levels, moderately increase positions in Hot Rolled Coil or Rebar spot.
| Product | Spot | FOB | Vietnam | Philippines | Thailand | Indonesia | Malaysia |
|---|---|---|---|---|---|---|---|
| Angle Steel | $525 ¥3560 | $536.64 | $667.9 | $663.31 | $682.29 | $663.2 | $625.31 |
| High Speed Wire Rod | $557 ¥3780 | $569.08 | $664.08 | $670.4 | $684.62 | $733.42 | $623.76 |
| Hot Rolled Coil | $532 ¥3610 | $544.02 | $765.67 | $645.74 | $664.97 | $772.98 | $639.55 |
| Rebar | $537 ¥3640 | $548.44 | $667.33 | $712.95 | $688.1 | $737.11 | $626.86 |
| Channel Steel | $528 ¥3580 | $539.59 | $663.04 | $658.36 | $677.12 | $658.18 | $620.66 |
| Cold Rolled Coil | $590 ¥4000 | $601.51 | $722.46 | $723.34 | $746.46 | $799.68 | $712.64 |
| Medium Plate | $600 ¥4070 | $611.83 | $704.28 | $693.63 | $715.26 | $801.18 | $683.39 |
| I-Beam | $547 ¥3710 | $558.76 | $667.9 | $663.31 | $682.29 | $663.2 | $625.31 |