📈
报告
China Steel Daily Report: CRC Prices Surge 1% on Rising Costs and Policy Signals
China steel prices rise modestly; cold-rolled coil leads with +1.0%. Vietnam anti-dumping rate cut supports procurement confidence. Daily market analysis for overseas buyers.
📅 2026-08-26中国钢材价格
市场概览
价格趋势
+0.01%→ Stabil
钢铁现货指数（美元）
$5000.00%
情绪
看涨钢材价格美元指数
$5000.00%
## Today's Key Prices
China steel spot prices showed modest gains on 2026-08-25, with cold-rolled coil leading the advance. Hot-rolled coil and medium plate edged higher, while rebar held flat amid shifting demand signals.
### Price Table
| Product | Spec | Grade | CNY Price (¥/t) | FOB Est. ($/t) | Change |
|---|---|---|---|---|---|
| Hot Rolled Coil | 2.75*1500*C | Q235B/SS400 | 3590 | 544.61 | ▲ +10 (+0.3%) |
| Rebar | φ10 | HRB400 | 3580 | 543.13 | ▲ 0 (0.0%) |
| Cold Rolled Coil | 1.0mm*1250*2500 | ST12/DC01 | 3970 | 601.01 | ▲ +40 (+1.0%) |
| Medium Plate | 8mm*2000*L | Q235B | 3970 | 601.01 | ▲ +10 (+0.3%) |
**Exchange Rate:** 1 USD = 6.7387 CNY
## DSP Composite Index
DSP Composite Index: **961.05** (as of 2026-08-14), ▲ +0.22% from previous session. The index remains in a consolidating phase, reflecting cautious but stabilizing market sentiment in the China steel sector.
## Market Analysis
China steel prices ticked up across key categories on 2026-08-25, driven by a combination of rising input costs and supportive policy developments. Cold-rolled coil surged +1.0% (+¥40/t), outperforming other products as mill pricing adjustments and limited inventory supported the segment. The price movement comes after Tangshan Donghua increased its cold-rolled base material price by ¥20/t on 24 August, signaling continued cost pressure transmission downstream (来源：lange, 2026-08-24).
On the cost side, the second round of coke price increases has officially taken effect — wet-quenched coke up ¥100/t and dry-quenched coke up ¥110/t — with Hebei and Tianjin steel mills already accepting the new pricing (来源：mysteel, 2027-01-01). This cost escalation provides fundamental support for steel prices and limits downside risk in the near term. Meanwhile, the August steel circulation PMI rose 1.3 percentage points to 47.4%, indicating that although the market remains in contraction territory, the pace of decline is slowing and a seasonal uptick may be emerging (来源：lange, 2026-08-25).
A significant positive signal for overseas procurement came from Vietnam, where the Ministry of Industry and Trade lowered the anti-dumping duty on Chinese H-section steel from 13.38% to 6.78% in its third periodic review (来源：mysteel, 2027-09-05). This ~50% reduction in tariff burden improves cost competitiveness for Chinese H-beam exporters to Vietnam and could stimulate demand in this important Southeast Asian market. Additionally, US trade tensions and proposed tariff hikes on Canadian steel (up to 50% from January 2027) may indirectly redirect global trade flows, potentially increasing Chinese steel availability in alternative markets (来源：mysteel, 2027-01-01).
## Procurement Advice
• **Immediate Purchase (Urgent Orders):** For buyers requiring hot-rolled coil or medium plate in the short term, the current price environment offers moderate opportunity. The coke cost increase provides a price floor, making sharp corrections less likely. However, the rebar market remains flat, suggesting weak immediate demand — consider locking in HRC and MPL orders now before further cost-driven increases. The Vietnam anti-dumping rate cut also presents an opportunity to negotiate competitive H-beam prices for Southeast Asian projects.
• **Stocking (Strategic Procurement):** Buyers planning ahead-of-season stockpiling should monitor the improving PMI trend and cost-side support. Cold-rolled coil strength (+1.0%) suggests mills have pricing confidence — consider partial positioning now rather than waiting for potential further roll-up. The current 1 USD = 6.7387 CNY exchange rate remains favorable for USD-based procurement. Diversify order placement across HRC, CRC, and MPL to hedge against product-specific volatility.
## Market News
• 越南工贸部对华H型钢反倾销税由13.38%下调至6.78%，新税率15日后生效至2027年9月5日——此大幅降税将提升中国H型钢在越南市场的价格竞争力，建议关注东南亚项目采购机会（来源：mysteel）
• 焦炭第二轮提涨落地，湿熄焦+100元/吨、干熄焦+110元/吨，河北天津部分钢厂已接受——成本端支撑强化，钢材价格下行空间受限，短期内对采购决策构成底部支撑（来源：mysteel）
• 唐山迁安普方坯出厂含税上涨10至3000元/吨——板材成本进一步上移，热卷及中厚板价格获得传导支撑，建议关注后续钢厂挺价动向（来源：mysteel）
• 8月钢铁流通PMI升至47.4%，较上月上升1.3个百分点，销售量与销售价格指数双双回升——传统淡季向旺季过渡信号显现，需求预期边际改善，适合作为备货决策参考（来源：lange）
• 特朗普拟于2027年1月1日起将对加拿大钢铁进口关税提高至50%——若正式实施将扰动北美钢铁供应链，可能推动中国钢材向其他市场分流，长期关注贸易流向变化（来源：mysteel）
• 唐山东华冷轧基料价格上调20元/吨——成本驱动下冷轧板卷价格保持强势，建议采购方关注基料涨价对成品冷轧价的传导效应（来源：lange）
## Data Disclaimer
Data source: DSP database (Shanghai spot prices, DSP index, USD/CNY rate). Prices are for reference only.
China steel spot prices showed modest gains on 2026-08-25, with cold-rolled coil leading the advance. Hot-rolled coil and medium plate edged higher, while rebar held flat amid shifting demand signals.
### Price Table
| Product | Spec | Grade | CNY Price (¥/t) | FOB Est. ($/t) | Change |
|---|---|---|---|---|---|
| Hot Rolled Coil | 2.75*1500*C | Q235B/SS400 | 3590 | 544.61 | ▲ +10 (+0.3%) |
| Rebar | φ10 | HRB400 | 3580 | 543.13 | ▲ 0 (0.0%) |
| Cold Rolled Coil | 1.0mm*1250*2500 | ST12/DC01 | 3970 | 601.01 | ▲ +40 (+1.0%) |
| Medium Plate | 8mm*2000*L | Q235B | 3970 | 601.01 | ▲ +10 (+0.3%) |
**Exchange Rate:** 1 USD = 6.7387 CNY
## DSP Composite Index
DSP Composite Index: **961.05** (as of 2026-08-14), ▲ +0.22% from previous session. The index remains in a consolidating phase, reflecting cautious but stabilizing market sentiment in the China steel sector.
## Market Analysis
China steel prices ticked up across key categories on 2026-08-25, driven by a combination of rising input costs and supportive policy developments. Cold-rolled coil surged +1.0% (+¥40/t), outperforming other products as mill pricing adjustments and limited inventory supported the segment. The price movement comes after Tangshan Donghua increased its cold-rolled base material price by ¥20/t on 24 August, signaling continued cost pressure transmission downstream (来源：lange, 2026-08-24).
On the cost side, the second round of coke price increases has officially taken effect — wet-quenched coke up ¥100/t and dry-quenched coke up ¥110/t — with Hebei and Tianjin steel mills already accepting the new pricing (来源：mysteel, 2027-01-01). This cost escalation provides fundamental support for steel prices and limits downside risk in the near term. Meanwhile, the August steel circulation PMI rose 1.3 percentage points to 47.4%, indicating that although the market remains in contraction territory, the pace of decline is slowing and a seasonal uptick may be emerging (来源：lange, 2026-08-25).
A significant positive signal for overseas procurement came from Vietnam, where the Ministry of Industry and Trade lowered the anti-dumping duty on Chinese H-section steel from 13.38% to 6.78% in its third periodic review (来源：mysteel, 2027-09-05). This ~50% reduction in tariff burden improves cost competitiveness for Chinese H-beam exporters to Vietnam and could stimulate demand in this important Southeast Asian market. Additionally, US trade tensions and proposed tariff hikes on Canadian steel (up to 50% from January 2027) may indirectly redirect global trade flows, potentially increasing Chinese steel availability in alternative markets (来源：mysteel, 2027-01-01).
## Procurement Advice
• **Immediate Purchase (Urgent Orders):** For buyers requiring hot-rolled coil or medium plate in the short term, the current price environment offers moderate opportunity. The coke cost increase provides a price floor, making sharp corrections less likely. However, the rebar market remains flat, suggesting weak immediate demand — consider locking in HRC and MPL orders now before further cost-driven increases. The Vietnam anti-dumping rate cut also presents an opportunity to negotiate competitive H-beam prices for Southeast Asian projects.
• **Stocking (Strategic Procurement):** Buyers planning ahead-of-season stockpiling should monitor the improving PMI trend and cost-side support. Cold-rolled coil strength (+1.0%) suggests mills have pricing confidence — consider partial positioning now rather than waiting for potential further roll-up. The current 1 USD = 6.7387 CNY exchange rate remains favorable for USD-based procurement. Diversify order placement across HRC, CRC, and MPL to hedge against product-specific volatility.
## Market News
• 越南工贸部对华H型钢反倾销税由13.38%下调至6.78%，新税率15日后生效至2027年9月5日——此大幅降税将提升中国H型钢在越南市场的价格竞争力，建议关注东南亚项目采购机会（来源：mysteel）
• 焦炭第二轮提涨落地，湿熄焦+100元/吨、干熄焦+110元/吨，河北天津部分钢厂已接受——成本端支撑强化，钢材价格下行空间受限，短期内对采购决策构成底部支撑（来源：mysteel）
• 唐山迁安普方坯出厂含税上涨10至3000元/吨——板材成本进一步上移，热卷及中厚板价格获得传导支撑，建议关注后续钢厂挺价动向（来源：mysteel）
• 8月钢铁流通PMI升至47.4%，较上月上升1.3个百分点，销售量与销售价格指数双双回升——传统淡季向旺季过渡信号显现，需求预期边际改善，适合作为备货决策参考（来源：lange）
• 特朗普拟于2027年1月1日起将对加拿大钢铁进口关税提高至50%——若正式实施将扰动北美钢铁供应链，可能推动中国钢材向其他市场分流，长期关注贸易流向变化（来源：mysteel）
• 唐山东华冷轧基料价格上调20元/吨——成本驱动下冷轧板卷价格保持强势，建议采购方关注基料涨价对成品冷轧价的传导效应（来源：lange）
## Data Disclaimer
Data source: DSP database (Shanghai spot prices, DSP index, USD/CNY rate). Prices are for reference only.
核心价格（美元/吨）
| 品种 | 现货 | FOB | 越南 | 菲律宾 | 泰国 | 印尼 | 马来 |
|---|---|---|---|---|---|---|---|
| 热轧板卷 | $531 ¥3580 | $543.13 | $715.2 | $602.69 | $619.78 | $720.95 | $597.19 |
| 螺纹钢 | $531 ¥3580 | $543.13 | $597.91 | $637.31 | $613.82 | $658.32 | $560.59 |
| 冷轧板卷 | $586 ¥3950 | $598.04 | $735.97 | $737.09 | $760.9 | $815.01 | $726.18 |
| 中厚板 | $589 ¥3970 | $601.01 | $686.28 | $675.3 | $696.01 | $779.82 | $665.35 |
现货=上海现货人民币转美元，FOB=到上海港FOB价，到岸价=到对应国家港口的价格（美元/吨）