[Daily steel market report] [2025-8-19]

**Today's steel market price briefing**
**August 19, 2025**

The steel market is weakly down, and the contradiction between supply and demand and cost pressures are intertwined

On August 19, the price of the domestic steel market showed a weak downward trend. The factory price of Tangshan Qian'anpu billet fell by 30 yuan/ton to 3020 yuan/ton.

The futures black market continued to fall and spot prices followed the decline, but the market's turnover still declined after the crash, reflecting weak downstream demand.

At the close of the day, the main rebar contract was reported at 3126 yuan/tonne, down 47 yuan, or 1.48%; The main hot coil contract was reported at 3416 yuan/tonne, down 13 yuan, or 0.38%.

Prices fell across the board

The construction steel market fell overall, taking 20mm rebar as an example HRB400E, the 28 markets fell between 10 and 30 yuan per ton, and the average price fell 17 yuan per ton.

The hot-rolled coil market also weakened, taking the 2.75mm Q235B hot-rolled coil as an example, 17 of the 28 markets fell between 10 and 50 yuan/ton, and the average price fell between 10 yuan and ton.

The market for medium and heavy sheets performed slightly better, but was not optimistic. Taking the general board 20mmQ235B as an example, 11 of the 28 markets fell between 10 and 40 yuan/ton, and the average price fell between 6 yuan and ton.

Steel mills have reduced the factory price, and Shiheng Special Steel has lowered the prices of rebar, coil screws, and high wire by 20 yuan/ton. However, some steel mills such as Shagang choose to raise prices to keep the prices of their main products stable.

Looking ahead, the market is still waiting for new contradictions to emerge that will drive the market trend. Construction steel prices are expected to remain weak and volatile in the near term.

With the gradual change between the off-season, demand is expected to recover marginally and inventory will gradually be transferred to the storage reduction channel. However, if the expected "Golden Nine" market can be achieved, it must still look at the effect of policy implementation and changes in real demand.