[Daily steel market report] [2025-8-14]

**Today's steel market price briefing**
**August 14, 2025**

1. Price adjustment dynamics
I-beam: The ex-factory price of I-beam (Q235, 10-12#) of Dacheng Steel Mill was reduced by 10 yuan/ton, and is now reported at 3420 yuan/ton (weighing tax included).

Channel steel: Yuanfeng channel steel (Q235, 10-12#) was reduced by 10 yuan/ton, and is now reported at 3350 yuan/ton (weighing tax included).Construction steel: Shandong Shiheng Special Steel rebar, coil snail and high line guide prices have been reduced by 50 yuan/ton, and the current rebar (Φ22mm HRB400E) is 3270 yuan/ton.

Baotou market: Baotou Steel, Yaxin and other brands of rebar and coil snail prices have been reduced by 10-20 yuan/ton, and Baotou Steel large threads are now reported at 3280 yuan/ton.

2. Overview of the national steel market

Overall trend: Today's domestic steel market price is mainly falling, construction steel generally fell by 10-30 yuan/ton, hot-rolled coil mainstream fell by 10-20 yuan/ton, and some markets of medium and heavy plate fell by 10 yuan/ton.

Shenzhen market: the price of building materials was stable, and Shaogang, Xianggang HRB400E rebar (Φ18mm) was reported at 3330 yuan/ton.

Southwest market: prices fluctuate in a narrow range, transactions are weak, and the market wait-and-see sentiment is strong.

3. Futures market performance

Black futures collectively fell:

The main rebar contract (2510) fell 1.97% to 3184 yuan/ton.

The main iron ore contract (2601) fell 2.88% to 775.5 yuan/ton.

hot coils, ferrosilicon, wire rods and other varieties all showed a downward trend.

Basis: There is still a phenomenon of "futures and cash inversion" (spot prices are higher than futures) in rebar, hot coils and other varieties.

4. Industry fundamentals and market outlook
Inventory and demand: The social inventory of rebar has accumulated for two consecutive weeks, the inventory pressure of hot-rolled coils has increased, and the profits of steel mills are acceptable, but the demand side is not enough to undertake.

Policy impact: The Politburo meeting did not add new expressions on real estate policy, market sentiment tends to be rational, and steel prices may continue to be under pressure.

5. Other important data
According to data from the National Bureau of Statistics, the average price of rebar (Φ20mm HRB400E) in early August was 3267.4 yuan/ton, down 1.1% month-on-month.

Summary: Today's steel market as a whole is weak, spot prices are generally lowered, futures markets are falling simultaneously, short-term or maintain a weak pattern, need to pay attention to the follow-up demand recovery and policy trends.

China Heavymetals