[Daily steel market report] [2025-8-13]

**Today's steel market price briefing**
**August 13, 2025**

On August 13, 2025, China's steel market as a whole showed a steady and slightly upward trend, but the performance of different regions and varieties was differentiated, mainly affected by factors such as the supply and demand game, cost support, and political expectations. Here's a breakdown of the key market dynamics:

1. Overview of the national market

General trend: The price of construction steel in most regions of the country has risen steadily and slightly, with an increase from 0 to 20 yuan/ton, and some regions such as Henan, Guangdong, and other places have continued to increase slightly, while Chengdu and other places have shown a shock adjustment due to weak demand.

Futures market:

The main rebar contract (2510) fell slightly by 0.03% overnight to close at 3252 yuan/tonne, but the daily session still maintained a strong shock pattern.

The main hot coil contract closed at 3484 yuan/tonne, up 0.55%, obviously supported by the cost of coking coal.

2. Regional Market Performance

Henan Market:

The price of steel for construction continued to increase, the main transaction price of Zhengzhou rebar was 3180-3230 yuan/ton, and coil snail was 3320-3370 yuan/ton, and the price sentiment of steel mills was strong.

Market sentiment is cautious, with around 35.9% of traders bullish and 49.9% stable.

South China (Guangdong) Market:

Guangzhou rebar quotation 3160 yuan/ton(10), Zhanjiang 3210 yuan/ton, affected by the snail shock, low-level resource transactions improved.

The market expects stabilization, with 65% of traders believing prices to be stable and only 15% bullish.

3. Analysis of the influencing factors

Supply side:
Tangshan, Shandong and other places are still expected to limit production, but it has not yet been fully implemented, the operation rate of the steel mill blast furnace is 83.46%, the production of cast iron is 2.4032 million tons/day, and the supply is still at a high level.

Anshan Iron and Steel, Bengang, etc. raised the factory price in September by 200-300 yuan/ton to support market confidence.

Demand side:
Domestic engineering demand fell 30% month-on-month, and off-season features were evident, but infrastructure policies (such as accelerated issuance of special bonds) may promote demand recovery at a later stage.

Southern and eastern China are affected by Typhoon Willow, and short-term demand is limited.

Cost Side:
The sixth round of coke increase did not land, but the price of coking coal strengthened, iron ore fluctuated sharply, and the cost of billet rose to 3120 yuan/ton, supporting the bottom of steel prices.

Summary
On August 13, the steel market was stable and strong, and regional differentiation was evident. Expectations of production constraints, cost support, and favorable policies are the main upside drivers, but weak off-season demand restricts the peak of the rebound. It is recommended to pay attention to the implementation of subsequent production restrictions and the recovery of terminal demand.

China Heavymetals